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Krugman, Krugman, when other people make evasion like that, then he attacks them so aggressively that you would think it was personal. When he does it, it is si
by nickik 10y ago
Krugman, Krugman, when other people make evasion like that, then he attacks them so aggressively that you would think it was personal. When he does it, it is simply that people did not understand his arguments.
If there was tighting before 2013 already, that makes his story even worse. Why did the economy continue to grow on path when there 4 years of tighting? Taking the 'cyclically adjusted data' to save his point is pretty fishy to me.
Its also not true that Krugman always advocated for more aggressive monetary policy, they all claimed that monetary policy was 'out of ammo' and fiscal expansion was needed. He said that