Well worth reading, thanks. One should read the NYT before
accusing Keynesians to have become economists! I would still think that
we heard the Krugmans less that we could have expecetd.
One interesting thing in Krugman's letter is his model of government. He
says something like, It's too bad, but politicians may not be as
altruist as I would want them to be (and as I am myself).
At 14:50 16/09/01, you wrote:
on 9/16/01 12:27 PM, Pierre Lemieux
at [EMAIL PROTECTED] wrote:
Thanks, but where?
http://www.nytimes.com/2001/09/14/opinion/14KRUG.html
At 13:04 16/09/01, you wrote:
Pierre Lemieux wrote:
Following Tuesday's tragic events, isn't it surprising that
we don't
hear much the Keynesian argument that repairs and
reconstruction
(plus, presumably, military purchases) will boost
aggregate demand
and pull the economy out of the recession it was drifting
into? We
even did not have to dig holes and refill them to boost
aggregate
demand as Keynes would have suggested, for some barbarians
did the
first part for us.
Paul Krugman already has said this!
--
Prof. Bryan Caplan
Department of Economics George
Mason University
http://www.bcaplan.com
[EMAIL PROTECTED]
'When a man thinks he's good - *that's* when he's
rotten. Pride is
the worst of all sins, no matter what's he's done.'
'But if a man knows that what he's done is good?'
'Then he ought to apologize for it.'
'To whom?'
'To those who haven't done it.'
-- Ayn Rand, *Atlas Shrugged*
PIERRE LEMIEUX
C.P. 725, Tour de la Bourse, Montréal, Canada H4Z 1J9
http://www.pierrelemieux.org
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PGP Key: 0xBDFFCD16
Fingerprint: CF3E 4A3F 57AB 8AB2 88FB A1D8 C83D 2E15 BDFF
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PIERRE LEMIEUX
C.P. 725, Tour de la Bourse, Montréal,
Canada H4Z 1J9
http://www.pierrelemieux.org
[EMAIL PROTECTED] (Backup: [EMAIL PROTECTED])
PGP Key: 0xBDFFCD16
Fingerprint: CF3E 4A3F 57AB 8AB2 88FB A1D8 C83D 2E15 BDFF
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