Friday, November 28, 2008


Harvard economist Greg Mankiw:
Of course, if one defines "grownup" as a person who agrees with Paul Krugman, and "hack" as a person who does not, then one might come to a different conclusion.
The important thing is not Krugman or his opinion, but the fact that nothing proposed by Team Obama will fix the economy. It's all warmed-over Keynesianism, and it won't work. But when it comes to simple arithmetic, Mankiw smokes Krugman.

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