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It's interesting that Krugman, a Keynesian, is so down on Madoff. During a recession, I would think that Krugman would want some form of economic stimulus that
by byrneseyeview 18y ago
It's interesting that Krugman, a Keynesian, is so down on Madoff. During a recession, I would think that Krugman would want some form of economic stimulus that causes people, in the aggregate, to spend more money compared to how much they save. What better way to do so than a ponzi scheme, wherein Bernie spends the money he knows he's stolen, and his investors spend the money they think they've earned?