In Front Of Your Macroeconomic Nose

In response to a Krugman post:

I remember when a Republican anti-tax lunk, after guessing I was a liberal, went after John Kerry in our conversation - I look like him - and later went after yourself [Krugman]. At the time, I said I had been reading Krugman for 10 years, and he has been right the whole time. Granted, even you are aware of your missteps, but on the whole, you have been prescient.

I wrote this in 1999, after reading Depression Economics:

As usual, Krugman highlights the problem with dogmatic approaches to economics. He also illuminates some aspects of our own concern about inflation. Rather than worry about inflation, our current economic and financial guardians might need to look more at the possibility of deflation created during an economic downturn when lack of demand meets excess capacity.

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