(It’s from an old article, but found it hilarious coming from Krugman."
The truth would be that macro vs. micro is a false dichotomy.
Krugman also said in November, 2004:
“My prediction is that politicians will eventually be tempted to resolve the [fiscal] crisis the way irresponsible governments usually do: by printing money, both to pay current bills and to inflate away debt. And as that temptation becomes obvious, interest rates will soar.”
A very true and prescient statement by Krugman. Of course, today, now that it’s happening under a Democrat, he doesn’t seem to say it anymore.
If only they could get supply and demand right..
Absolutely:).
This makes me wonder how many times Krugman contradicted himself.