Heads Krugman wins, tails hard money loses

posted by
December 1, 2011
Free Advice
by Robert P. Murphy  
Posted in Commentary

"Do you see the artist at work? Remember, on November 21, the fact that investors had been fleeing into German bonds (and thus driving down their yields, relative to Austrian bonds) was cited as evidence in favor of Krugman’s views on deficit spending. Then, a mere three days later, the fact that investors were fleeing out of German bonds (and thus driving up their yields, presumably relative to Austrian bonds but I didn’t bother checking), was cited as evidence in favor of Krugman’s views on money printing. Awesome all around." (11/30/11)

http://bit.ly/vjXLRS  
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