Despite the resurgence of Keynesian economics and the popularity of Nobel Prize winner Paul...

|By:, SA News Editor

Despite the resurgence of Keynesian economics and the popularity of Nobel Prize winner Paul Krugman, MarketWatch's Howard Gold sees some chinks in his armor. Gold makes the following counter-argument: Much of today’s unemployment is actually structural, the European crisis shows that countries’ long-term debt really does matter and Keynesian economics track record is more hyperbole than substantive reality.