February 10, 2012
BusinessWeek decided to take a shot at Paul Krugman. Okay Krugman, like everyone else in public debate, is fair game. But if they can find a reporter who knows a little economics they might better serve their readers by constructing a little scorecard.
Krugman (along with a few other Keynesian types out here) has staked out very clear positions on a number of key economic issues such as the size of the stimulus, the impact of deficits on interest rates, and the impact of quantitative easing on inflation. Maybe Businessweek can tell its readers whether the Keynesians have been right or whether the fresh water types carried the day.
Then, if they really want to be cruel, they can ask who warned about the housing bubble before it actually sank the economy.
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