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Defending Cato from the Predictably Inaccurate Ramblings of Paul Krugman

jim508fl Wrote: Feb 18, 2013 6:25 AM
Krugman is a freak, if he were in the private sector with a responsibile job he would see the world in a much more accurate way.

Writing for the New York Times, Paul Krugman has a new column promoting more government spending and additional government regulation. That’s a dog-bites-man revelation and hardly noteworthy, of course, but in this case he takes a swipe at the Cato Institute.

The financial crisis of 2008 and its painful aftermath…were a huge slap in the face for free-market fundamentalists. …analysts at right-wing think tanks like…the Cato Institute…insisted that deregulated financial markets were doing just fine, and dismissed warnings about a housing bubble as liberal whining. Then the nonexistent bubble burst, and the financial system proved dangerously fragile;...