What Would Keynes Think of Krugman?

Discussion in 'Politics & Religion' started by Tsing Tao, May 30, 2012.

  1. Tsing Tao

    Tsing Tao

    An interesting piece from EconomicPolicyJournal.com

    What Would Keynes Think of Krugman?

    In the below clip, Friedrich Hayek is not referring to the Keynesian Paul Krugman (Krugman was probably a grad student when this interview took place), but Hayek does specifically call out Keynesians who call for more inflation. Krugman is the king of Keynesian inflationistas. This is not an uncommon type quote to see from Krugman:

    Hayek knew Keynes very well. Would Keynes have objected to Krugman's call for more inflation? Hayek clearly thinks so.

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