There is Austrian economics. There is good economics. There is sound economics. There is economics that understands markets, the price system, money, finance, booms, and busts. Then, on the other hand, there is Junk Economics. Junk Economics includes Keynesian ideas as a subset, but is much broader in its shredding of truth in economics. Krugman is, in my opinion, the foremost exponent of Junk Economics. He’s the “bottom.” What would Cole Porter say? “You’re a worthless check, a total wreck, a flop.” Krugman babbles and rambles incoherently. Just listen to him explaining The Great Depression in this video! His mind is filled with … Continue reading Krugman, the Junk Economist