Oddball
Unobtanium Member
Krugman is a political hack, who shifts his voodoo economic theories to fit his collectivist authoritarian political bent.Krugman's neo-Keynesianism marks a significant divergence from the pure Keynesian thesis. The incorporation of the IS/LM model (originally introduced by Hicks and developed further by Modigliani, though Hicks was opposed to the nature of its utilization by the neo-Keynesians), and the later incorporations of the Phillips curve and the Mundell-Fleming model created a reliance on neoclassical economics that rendered neo-Keynesianism far more orthodox than anything else. Even Krugman's own "new trade theory" is fundamentally based on upholding trade liberalization, just as Keynesianism in general is fundamentally based on upholding capitalism, contrary to the misinformeds belief of ignorant anti-socialists.
Neo-Keynesian societal engineers are about as trustworthy as neoconservatives....That is to say, not at all.