Oh my gosh, the Great One has jumped in as well. And perhaps he will bring in enough extra ad revenue to pay my obligation to David?
This part of Krugman’s post made me literally laugh out loud, such that people in Barnes & Noble gave me the stink eye: “The fact is that while Keynesians predicting a fast recovery weren’t really relying on their models, the failure of that fast recovery has nonetheless prompted quite a lot of soul-searching and rethinking.”
But joking aside, Krugman at least gave a good reply to my last post. In other words, Krugman is at least trying to offer a rationale for why the people wrong about (price) inflation since 2008 should be tarred and feathered, whereas Christina Romer (for example) shouldn’t have her credibility harmed because of her bogus argument for the stimulus package.
I really have other work I have to be doing today, and then I’m traveling all day tomorrow, so it might be a few days before I respond to this.