Paul Krugman Should Stick to Economics, Part MCMXVII

Posted: May 15, 2010 3:32 PM
Krugman excerpts an old interview from Milton Friedman in order to make the point "If libertarianism requires incorruptible politicians to work, it’s not serious."

This coming from a man who thinks that government economists are perfect, incorruptible, and can see into the future. And who believed that it was necessary for government economists to inflate an artificial housing bubble in order to create wealth.

Ok, so he's no good at economics either, but at least he'd be in my day-to-day life much less frequently if he were an academic at Princeton who wrote only in scholarly quarterly economics journals rather than an exalted columnist in the mainstream media.

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