Skip to comments.The Austerity Flip-Flop (Krugman)
Posted on 01/05/2014 3:13:53 PM PST by Olog-hai
On April 28, 2013 Paul Krugman clearly said that 2013 was a test of market monetarism:
But as Mike Konczal points out, we are in effect getting a test of the market monetarist view right now, with the Fed having adopted more expansionary policies even as fiscal policy tightens.Yesterday (Jan 4, 2014) however, Paul Krugman, said:
I dont take seriously the claims of market monetarists that the failure of growth to collapse in 2013 somehow showed that fiscal policy doesnt matter.
(Excerpt) Read more at marginalrevolution.com ...
Paul Krugman is an economic genius. You can’t question him. We are not worthy. /sarc
Krugman has me totally confused. Inflation is much higher then is being reported, unemployment also. Either I am nuts or he is.