The level of debate post-2008 crisis has come down, low down, to challenges to a bar room brawl.
If only Krugman did some reading of even a quarter of Austrian economics, he couldn’t dare be a macho guy again.
It seems that the Europeans are right to reign in fiscal deficits because they have been spending on the wrong things. And Obama is equally right to continue to support consumer confidence because that makes sense to both Keynesians and non-Keynesians.
And the Philippine economy survived because it had no way to go but up. And more of the same is in store, and could be much better if the new folks around P-Noy think straight.