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It's not evident by the article, but his blog [0], in which this article appears, is titled "The Conscience of a Liberal." Make of that what you will. [0] http
by nolepointer 11y ago
It's not evident by the article, but his blog [0], in which this article appears, is titled "The Conscience of a Liberal." Make of that what you will.
[0] http://krugman.blogs.nytimes.com/ http://krugman.blogs.nytimes.com/
- slowmovintarget 11y agoHe painted Milton Friedman as a radical in the top post's article ("radical free-market ideology", "Chicago School", "Milton Friedman's 'win'"). The idea that free-market proponents in the 70s and 80s were "radical" is at best a lie, and at worst revisionist history.
- pessimizer 11y agoI'd say that at best, it's a subjective description that most of the economists he applied it to would be proud of coming from any other mouth. It's certainly not a strong enough statement to be a lie.
- mikeyouse 11y agoHe painted the Chicago Boys, who went back to Latin America and gave political cover to anti-communist dictators using death squads, as radicals.. Krugman has a lot of respect for Friedman's contributions to understanding stagflation and the development of monetarism. http://www.nybooks.com/articles/archives/2007/feb/15/who-was-milton-friedman/ http://www.nybooks.com/articles/archives/2007/feb/15/who-was... The Krugman haters should find some nice balance in the above essay after Friedman's death where Krugman praises Friedman's economic chops but laments his looser standards when he gets too political. By predicting the phenomenon of stagflation in advance, Friedman and Phelps achieved one of the great triumphs of postwar economics. This triumph, more than anything else, confirmed Milton Friedman’s status as a great economist’s economist, whatever one may think of his other roles.
- deleted 11y ago[deleted]