Writes Michael Valdez Moses: “Always good to read your website, even (or perhaps especially) on a day that Paul Krugman wins the Nobel Prize for economics. Krugman has a predictably foolish and dishonest piece on the Austrian theory of the business cycle posted on Slate. I wouldn’t bother to mention it except for the fact that Tyler Cowen(!) provides a link to it on his web blog. Students of Mises and Hayek will hardly recognize the Austrian theory of the business cycle as Krugman describes it (or rather, misrepresents it). It would be nice to see a detailed response to … Continue reading Krugman vs. the Austrian Theory of the Business Cycle