For those of you who wish to see a response to Rajan’s  (and my) argument posted earlier today, Paul Krugman in a NY Times blogpost makes the standard Keynesian case for full fledged stimulus.  He even criticizes our hero Schumpeter.  The battlelines are drawn between short term and long term thinking.

One thought on “Surprise! Paul Krugman Begs to Differ.”

  1. Criticizing Schumpeter? Whoa.

    He should know better than to play with the hornet’s nest.

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