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Grumpy_gunner is now following J. Bradford DeLong
Dec 31, 2012
In most other academic professions, if someone consistently says outrageous things that flies in the face of all evidence or reason, they get ostracized or kicked out of the profession. An extreme example would be Holocaust deniers in my field, history. It amazes me how in economics, people like Murphy, Kevin Hassett, etc. continue to have some kind of say or platform.
"Liquidate Labor, Liquidate Stocks, Liquidate the Farmers, Liquidate Real Estate!… Even a Panic Is Not Altogether a Bad Thing" Weblogging
Robert Murphy says that in the absence of Bernanke's excessive inflationary policies we would now be undergoing deflation at a rate of 10%/year. But he does not understand "why [predicting] price inflation (and interest rates) are the decisive criteria for whose model and hence policy recommendat...
Grumpy_gunner is now following The Typepad Team
Dec 29, 2012
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