Bryan Caplan says that Yglesias channels Bastiat, and lists three things in particular that Yglesias does:
"What does it mean to "channel Bastiat"? There are three key components:
1. Ridiculing simplistic economic misconceptions.
2. Lamenting the popularity of these misconceptions.
3. Blaming bad economic policies on the popularity of these misconceptions."
Yep. Exactly. That's more or less what was going through our heads when we said that about Krugman. The reason why so many people got bent out of shape over it was because they were the ones promoting the economic misconceptions that Krugman was ridiculing.
I'm sure the protectionists of 19th century France didn't think Bastiat was all that hot too.
To their credit, most of Krugman's critics aren't protectionists. That doesn't mean they aren't behind some dangerous economic misconceptions that Krugman is trying to combat.
For the Weekend...
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