Krugman Smackdown

“Some commenters have said: But it is an important part of the metaphor! If you were going to the hospital to fix a broken leg, you wouldn’t stop to debate how you were going to pay for it! Those commenters miss the point that whether it’s a prom, a fracture, or a mission to save the world, it’s still got to be paid for, and the issue of how to pay for it is still going to arise.”

That’s the most important point from that article. I’m actually pleasantly surprised at how much Krugman engaged on this; kudos to him.


About richardwahnfried
Not named Richard Wahnfried, not krautrock legend Klaus Schulze.

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