——This guy has a Nobel prize?——
Don’t let that fool you, it’s for a small specialized area of international economics.
Nothing to do with actual general economic theory which he is clueless.
The left acts as if a Nobel Prize makes you beyond reproach and above criticism which he believes he is.
Same thing if you work for the NFL, or carry a Screen Actors Guild membership card...
Gee, can this guy even balance his checkbook? The Kenseyian model is such the sweet heart of a lot of economists that is broken and I’ve always wondered why no one is coming up with a better model. Then I realized that in the ivory towers of acedemia stands the vaguards of socialism/communism among us thus try will need to be changed as well. Another bastion of the proverbial “wickedness in high places”