http://www.counterpunch.org/2012/04/23/why-paul-krugman-is-full-of-shit/
April 23, 2012
The Fed Works for the Very Rich
Why Paul Krugman is Full of Shit
Late last week Princeton University economist and New York Times
columnist Paul Krugman wrote a piece on his NY Times blog that history
will view as the best evidence to appear in at least several decades of
the utter irrelevance of mainstream economics. The piece purported to
respond to a Wall Street Journal editorial by Mark Spitznagel in which
Mr. Spitznagel argued broadly the Austrian economists’ line that all
government spending favors one group over another and more specifically
that the Fed’s Quantitative Easing (QE) programs of recent years favor
banks and the rich.
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