Paul Krugman Argues For Free Banking

http://krugman.blogs.nytimes.com/2011/11/14/mental-monetary-disorders/

If only private banking scrip weren’t illegal. We’d be out of this, according to Paul, no?

I can’t believe Krugman is still peddling the Keynesian baby-sitting co-op analogy after it has been demolished so many times before. Is there a precedent where a Nobel Prize has been retracted due to the recepient’s utter and embarrasing stupidity?

We saw Obama winning a Nobel Peace Price. I mean, come on…