Monday, October 21, 2013

I Agree With Krugman-Sort Of

Usually when I mention Paul Krugman on this blog, it is to criticize him, but now I see that he has written something that I sort of agree with: Alan Greenspan is the worst ex-central banker in the world, as he spends most of his time trying to deny that his policies caused the U.S. housing bubble.

Krugman however wrongly focuses on Greenspan's support for financial deregulation, when Greenspan's big error in fact was keeping interest rates too low, a policy that Krugman supported and still supports


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