Showing posts with label Modern Monetary Theory. Show all posts
Showing posts with label Modern Monetary Theory. Show all posts

Monday, March 28, 2011

Paul Benedict Arnold Krugman?

Oh my, Paul Krugman appears to have defected to the troglodytes with a superficial swipe at Modern Monetary Theory.

Fortunately, the ever-vigilant Bill Mitchell is ready to reply chapter and verse.

The question is, since Krugman himself says the argument is not really topical right now, is why he has a bee in his bonnet to make this point now?