Implied Dissent

Friday, January 23, 2009

Yet Again

Not content with merely leaving readers with the mistaken impression that Hoover cut spending, Mr. Krugman now outright lies about it in his Op-Ed from yesterday. Check the real numbers here. This is a key part of his defense of Keynesian economics and the idea that increasing government spending increases prosperity, and it is unequivocally untrue. The man has lost all credibility with me. Can they take back his Nobel?

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