“The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.” - John Maynard Keynes
Sunday, December 28, 2008
Monday Morning Krugman - Fifty Herbert Hoovers
Paul Krugman makes a very good, very scary point about cuts in state and local government spending. Link.
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