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
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.ReplyDelete