I have read both Sumner ( who is Mr. Market Monetarism ) and Krugman somewhat extensively, and Krugman has only very, very elliptically commented on it. My int

I have read both Sumner ( who is Mr. Market Monetarism ) and Krugman somewhat extensively, and Krugman has only very, very elliptically commented on it. My interpretation of Krugman's interpretation ( see the error bars grow without bound in this sentence ) is "won't happen." Krugman's narrative is ( and it is correct in his dimension ) that the privileged want poor policy for reasons of epistemic closure or something like religious ( deontological ) reasons. This provides an 'oppressor' platform for the polemics, which is what makes him famous. All in all, not a bad suite of tradeoffs. Couple 'a $500 words there but space is limited... they are also hard to substitute for, and they're precise.