Paul Krugman Syllogism Fail
Just as I was wondering whether Paul Krugman’s blog was too political and partisan to recommend to students as a way to learn economics, he treats us with this.
Bad regulations show we should rely more on regulation, and corrupt politicians mean that politicians should have more power. Plus, the failure of a non-libertarian system shows how libertarianism can’t work. Brilliant, one Nobel is not enough for this man!