Tuesday, July 10, 2012

Krugman vs the Austrian School's Schwartz

Unless you are a Spanish speaker, skip the intro and pick up Krugman's lecture at 9:19. Professor Pedro Schwartz responds to Krugman’s comments in excellent English at 35:25.

"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."

~ Pedro Schwartz

1 comment:

  1. Fascinating debate. It has been a while since I read any of Krugman's books. I'll have to see if the library has this one.