Deconstructing Krugman
An interesting article analyzing Paul Krugman's theories and the BHO administration's acceptance of them.
http://www.realclearpolitics.com/articles/2009/02/deconstructing_krugman.html
It is written by a New York City businessman and investor of whom I have no knowledge. But it seems to me his points are well taken. Krugman, who he thinks highly of as an economist and a Nobel Prize winner - although in this day and age that simply means you are far left and hated George Bush - believes he is too dependent on analysis and quite short on wisdom and understanding the people.
An interesting perspective which time will prove or disprove.
http://www.realclearpolitics.com/articles/2009/02/deconstructing_krugman.html
It is written by a New York City businessman and investor of whom I have no knowledge. But it seems to me his points are well taken. Krugman, who he thinks highly of as an economist and a Nobel Prize winner - although in this day and age that simply means you are far left and hated George Bush - believes he is too dependent on analysis and quite short on wisdom and understanding the people.
An interesting perspective which time will prove or disprove.
Labels: Economics
posted by Jim | 10:36 AM
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