I haven't read Paul Krugman in months, because of his intellectual dishonesty, but this summary of his latest New York Times op-ed column caught my attention:
Reaganomics has failed to deliver what it promised, yet people still believe that government intervention is bad, and leaving the private sector to its own devices is good.
This is closer to the truth:
Keynesianism has failed to deliver what it promised, yet people [such as Krugman] still believe that government intervention is good, and leaving the private sector to its own devices is bad.
What would we do without Paul Krugman to laugh at?
Keith Burgess-Jackson, J.D., Ph.D. 