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Advisor

More Dr. Evil

http://www.nytimes.com/2016/03/07/opinion/when-fallacies-collide.html?rref=collection%2Fcolumn%2Fpau...

 

As I've said (few takers I gather) I actually don't agree with everything Krugman says on broader politcal and policy matters. I do pay attention on economics and he's one of the five or so top people in the academic world on trade economics.

 

A powerful indictment by the Nyet Bloc is coming, I'm sure.

 

But worth a read, and also this in regards to some of the crazypants internet economics going around:

 

"But didn’t protectionism cause the Great Depression? No, it didn’t — protectionism was a result of the Depression, not its cause. By the way, if you want an example of a policy that really did have a lot to do with the Great Depression’s spread, that would be the gold standard — which Ted Cruz wants to restore."

 

There's really, actually a lot more at stake in this election than most realize. Real stuff.