The faux economist Paul Krugman has been on the attack lately, demanding that the government act to force up business costs, go on a huge public works binge, and generally to spend, spend, spend. Anyone who disagrees with this neo-Keynesian scheme is attacked as (horrors) an ideologue or capitalist lackey. Krugman’s recent Nobel prize has given him the so-called intellectual capital to push his schemes in the media with some “credibility,” although one does not need to be right to have credibility with the mainstream media. In fact, the media always prefer those who want to empower the state. Amity … Continue reading Amity Shlaes Takes on Paul Krugman