...that is, that this imbecile is even considered an economist.
-There can't be simultaneous inflation and high unemployment.
-Paying people to dig ditches and fill them back in is productive.
-Capital accumulation reduces real wages.
...any more wisdom you can impart to us, Professor Krugman? : /
Krugman is not an academic, he is a witch-doctor. He doesn't seek truth, he invents rationalizations for power. Like this guy:
"Alas! I believe in the virtue of birds. And it only takes a feather for me to die laughing."
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