I'm speaking to the Panhandle Economics Club in Pensacola, Florida, and am on the road. I write this post from Dulles Airport near Washington.
Yes, I most likely will mention Paul Krugman during my talk, but only peripherally. I'll be back to regular posting later this week.
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Prof. Anderson picked a good day to travel. Krugman may actually be correct today:
So, when was the last time the US government tried to pursue an excessively expansionary macroeconomic policy, while using price controls to suppress inflation? During the Nixon years.
Yep: what we’re seeing right now is a case of China goes to Nixon. And it won’t end well.
http://krugman.blogs.nytimes.com/2011/01/18/china-goes-to-nixon/
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