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Why One Cannot Take Paul Krugman or Other Keynesians Seriously

In his latest New York Times column, Krugman "argues" in favor of a second - this time much larter - stimulus.  Argues in in quotes, since Krugman doesn't really make an argument.  Rather, like a holy man or witch doctor with a direct line to the supernatural, he makes assertions.  Logical people can shut Krugman and other Keynesians up quickly.  Sadly, there are not many logical people in our superstitious world.  The right questions thus do not get asked.  Here is all one need ask Krugman and the Keynesians:  How large of a stimulus must we have?   What must this stimulus contain?   What will GDP and unemployment numbers look like after your stimulus? Be specific.  Even a range of say, +/- 3%, would be acceptable.That's it.  Give us hard numbers...continue to full post

Full post as published by Crime & Federalism on July 03, 2009 (boomark / email).