Yeah, Krugs is wacked out of his mind. This depression may very well do to the presently hegemonic Keynesian / Monetarism school what the collapse of the Soviet Union did to communisn. I suspect Krugs recognizes this potential, hence his bristling at the 'green shoots' of what he refers to as the "orthodoxy"...a classic school of economic thought which has not been orthodox in nearly 100 years.
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"It does not take a brain seargant to know the reason this team struggles." -- dmack24
Last edited by alexamenos; 06-29-2010 at 11:19 AM.
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