My understanding is that Krugman is not wrong, he just writes correctly but very misleadingly for reasons that are not totally clear.
very misleadingly for reasons that are not totally clear.
Oh, I think his reasons are pretty clear. They basically amount to politics.
I found the article “The Deflationist: How Paul Krugman found politics” educational on that point.
Holy crap: that article has “get to the point”:fluff ratio of about 5%. I appreciate the link, but just want to warn readers they need to skip past a lot of meandering about scenes from NYC to get the answer to the question.
My understanding is that Krugman is not wrong, he just writes correctly but very misleadingly for reasons that are not totally clear.
Oh, I think his reasons are pretty clear. They basically amount to politics.
I found the article “The Deflationist: How Paul Krugman found politics” educational on that point.
Holy crap: that article has “get to the point”:fluff ratio of about 5%. I appreciate the link, but just want to warn readers they need to skip past a lot of meandering about scenes from NYC to get the answer to the question.