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Defending Cato from the Predictably Inaccurate Ramblings of Paul Krugman

RickCaird Wrote: Feb 18, 2013 10:10 AM
It is really strange to me that Krugman gets away with not only rewriting history, but offering lies as facts. His comment section is filled with sycophants. When writing for the NYT, Krugman is not and economist, But rather, Goebells. For years, I have wondered why Princeton puts up with propaganda masquerading as economics.

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;...