Mises Daily
Author:
Jonathan M. Finegold Catalan
Online Publish Date:
In “ China’s Water Pistol ,” Paul Krugman turned commentary on China into a general attack on those who remain wary of the United States’ large public debt. In it, he sums up the Keynesian views on saving, consumption, and government spending. Whatever his intentions, all Krugman does is underscore his own lack of understanding of economic theory.