tag:blogger.com,1999:blog-6276561747841568697.post1907174145391829905..comments2024-03-27T05:23:48.855-04:00Comments on Krugman-in-Wonderland: Peter Klein on the absurdity of Keynesian EconomicsWilliam L. Andersonhttp://www.blogger.com/profile/01802990642236807359noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6276561747841568697.post-60407284608032427562011-12-09T07:20:34.822-05:002011-12-09T07:20:34.822-05:00I always like Klein's speeches. You always ge...I always like Klein's speeches. You always get the impression that he truly loves and cares about what he does. Further, he's good at what he does.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-11071212209963161502011-12-06T18:21:58.099-05:002011-12-06T18:21:58.099-05:00It's a good talk. I was wondering what sort of...It's a good talk. I was wondering what sort of riposte Wonderland would offer to Krugman's snark about Hayek the other day, when PK assured us that Hayek was not to be taken seriously and certainly not in the same class as PK's beloved Keynes. Krugman in general these days seems to be panicking a little as he watches debt-laden Euroland implode, and is frantically searching for explanations that don't indict his own prescription of central planning and limitless deficits. The latest is that Great Britain recovered from a 2x debt to GDP problem - after 1830. So how seriously should we take the current problem? That seems straightforward - all we need is another "stimulus" program on the order of the Industrial Revolution.ayassosnoreply@blogger.com