Sol Rosenberg

Another Look at Krugman's 'Hangover Theory'

It's hard to take any critique of ABCT seriously when the critique doesn't even mention central banking. Nary a word about the Fed in this post or Krugman's post. The effect of central banking is the cornerstone of ABCT, not "hangovers" or "morality plays".

BTW, for an easy to understand explanation of Keynesianism, turn to none other than Fred Thompson:
www.youtube.com/watch?...
Too bad he was never this lucid during his campaign.