Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
Although many free-market economists were aghast that Paul Krugman won the Nobel ( Memorial ) Prize in Economics, I have come to realize that he is every bit as brilliant as that august award indicates. For some time now, Krugman has said we are in “depression economics” mode , where the normal rules of scarcity and tradeoffs don’t apply . In this