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July 10, 2012

Nobody Wants To See Paul Krugman Get Discredited and Embarassed To His Face, Do They?

An economist named Pedro Schwartz reviews Krugman's book -- which I believe is this recently-released one, End This Depression -- to his beady-eyed, trollish face.

The review is not a positive one.

This is a debate, but each speaker gets to speak his entire thesis (15 minutes or so) while the other just sits silently.

Krugman is red-faced in anger, and reportedly did not shake Pedro Schwarz's hand at the end of the debate.

Pedro takes the stage at 35:00 (or thereabouts). Krugman begins responding at around 48:00. Worth watching; maybe mark it for later.

Key quote:

Keynesians got us into this mess and now we (non-Keynesians) have to sacrifice our principals so that they can get us out of this mess.

Later on, around 1:06, they start going at it again.

Via @rdbrewer4.

posted by Ace at 04:38 PM

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An economist named Pedro Schwartz reviews Krugman's book -- which I believe is this recently-released one, End This Depression -- to his beady-eyed, trollish face. The review is not a positive one. This is a debate, but each speaker gets to speak his entire thesis (15 minutes or so) while the other just sits silently. Krugman is red-faced in anger, and reportedly did not shake Pedro Schwarz's hand at the end of the debate. Pedro takes the stage at 35:00 (or thereabouts). Krugman begins responding at around 48:00. Worth watching; maybe mark it for later. Key quote: Keynesians got us into this mess and now we (non-Keynesians) have to sacrifice our principals so that they can get us out of this mess. Later on, around 1:06, they start going at it again. 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