Drink Krugman’s Kool-Aid If You Think Governments Manage Economies Better Than Markets

Princeton Professor and New York Times columnist Paul Krugman must be feeling the heat. In a recent blog he referred to David Stockman’s March 31 brilliant NY Times OpEd as “pathetic and embarrassing.” Why do I say Stockman’s article was brilliant?  Stockman’s main point is that, “Sooner or later — within a few years, I predict — this latest Wall Street bubble, inflated by an egregious flood of phony money from the Federal Reserve rather than real economic gains, will explode, too.”

http://www.forbes.com/sites/investor/2013/04/04/drink-krugmans-kool-aid-if-you-think-governments-manage-economies-better-than-markets/