I wrote a letter to George Washington, the pseudonym for a well-known finance and economics blogger, with regards to a blog post he wrote on August 15.
The letter might sound a bit like score-settling—but there is a serious point to it, a point that applies to both the Left and the Right. So be patient.
Here is my letter to him in full, with a few light editorial touch-ups:
Hi GW,
It’s been so long!
I’ve been skiing like a madman down here in Chile—but I did catch something you wrote, which I’d like to comment on, now that a blizzard has hit the slopes and I’m stuck inside with not much to do.
Paul Krugman |
You pointed out that this position he holds is not only blatantly immoral, it is a position Krugman seems to have no problem openly pushing—your unspoken implication being that this is disastrous, considering how influential Krugman is in major policy circles.
With regards to K. pushing for war as the ultimate Keynesian economic solution: I hate to say “I told you so”—but in this case—
I told you so!
(Cheers, mate.)
I pointed out the exact same thing almost a year ago: That once you strip away all the B.S., it turns out that Nobel Laureate Paul Krugman, Keynesian par excellence and darling of the Wonk Left, is essentially pushing for war as the ultimate Keynesian stimulus solution.
For pointing this out, I got slimed by the Krugman Defense Industry (KDI).
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