Friday, March 27, 2015

Murphy Takes on Krugman on Recessions, Business Cycles

-Tom Woods
Whether his colleagues like it or not, Paul Krugman is the public face of the Keynesian establishment.  Replying to Krugman, therefore, involves more than criticizing just one person. Today Bob Murphy takes apart Krugman’s most recent New York Times column, in which he tries to defend Keynesianism against critics.