It doesn't take a very intelligent person to smack down Paul Krugman, the guy is an idiot, but it is wonderful to see him get so obliterated by a smart person. Then the Nobel Laureate responds, hilarity ensues.
Start at the 38th minute to see the fun.
Gracias Senor Schwartz!
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4 comments:
At 1:12:00 Krugman cites the accomplishments of the tea party as why America is exceptional to the argument that Keynesian spending is never pulled back. Hethen says that it happened too fast.
At least he admits that the Economics profession has failed very, very badly. I don't actually consider it a profession.
So you don't consider the oldest profession a profession?
Ah yes, well done...
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