Pksimon2007
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- May 2, 2015
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- #21
He describes himself as neo-Keynesian macroeconomist. Also, classical. Pre-Austrian."uh, so what's happening with the US economy? Er, that would take a lot of research to know, and we haven't done any actual research. We're just here for the swag bag."
So they get the prize for their work on how to measure the economy, and fail to answer the question of what's wrong with it. That wasn't a stupid response, in context that was just a stupid question. Everyone knows that if you really want to know what's wrong with the economy you just ask Paul Krugman.
- Ah. So you've heard of Krugman? What kind of economist is he?
He's about the only economist who's been right the last 10 years more times than he's been wrong, and one of the only ones to admit being wrong publicly.
And, as it turns out, we have similar tastes in music... he tends to be a bit more Bohemian sometimes.
- He describes himself as a New Keynesian, which is a form of monetarist neoclassical which has nothing to do with Keynes.