Here. So only briefly in the paragraph starting "The Austrian approach raises the possibility" does he talk about anything that really has to do with the Austrian school. The rest makes it sound like Austrians' contribution is that politicians aren't the greatest investors. Isn't that what practically all economists think?
If Krugman had written this exact same op-ed I don't think I'd be seeing so many Austrians and libertarians on facebook reposting it.
I found it very odd.
Does anybody know of good examples of op-ed overviews of the Austrian take on the business cycle to contrast with this?
Demand, Supply, and Macroeconomic Models
1 day ago