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Krugman Challenged



Krugman gets a bit snippy at 48:20. His objection is confused. He says Professor Schwartz tried to criticize his credentials. But Schwartz criticized Krugman for going beyond his capabilities, not for going beyond his credentials.

Schwartz makes a strong point about the "ratchet effect" in government policy at 1:09:00. He credits "ratchet effect" studies to the Public Choice school, although of course, it's mainly an insight of Robert Higgs', who isn't usually classed as a Public Choice economist.

Here is Zero Hedge on the event.

Paul Krugman: "¡Acabad ya con esta crisis!"

Dan Sanchez is a libertarian writer and an editor at the Foundation for Economic Education. He is a contributing editor at Antiwar.com, where he writes a regular column, and an independent journalist at Anti-Media. His work has frequently appeared at such websites as Zero Hedge, the Ron Paul Institute for Peace and Prosperity, and David Stockman's Contra Corner. His writings are collected at DanSanchez.me.

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