You also forgot to add that three weeks ago he was proposing that Argentina depreciate their currency. I wouldn't label that the brightest of ideas by a "leading" economist either given the situation.
Mark Steckbeck On 11/26/01 8:50 PM, "Peter Boettke" <[EMAIL PROTECTED]> wrote: > Caplan) people don't have to pay for holding rather silly ideas. Paul > Krugman, who by any measure is a more successful economist than any free > market guy currently working in the academy, wrote after September 11th that > the attack might actually be good for the US economy. OK -- so much for > good economics winning the day. Krugman has taught where? --- MIT, > Stanford, Princeton, and he has won what? --- the JB Clark Award. OK --- > Joseph Stiglitz is the most important theorist of his generation (something > I actually think he deserves credit for), but nevertheless, he has argued > that the minimum wage does not present a problem (actually he argued that in > his position as a politician while in his textbook he presents the standard > argument), but he did seriously argue that capital controls would solve the > world financial problems. He has taught where? Yale, Princeton, Stanford, > Columbia. He has won what? JB Clark, and Nobel. >
