Rhetoric matters
November 24th, 2009I recognized myself in Krugman’s remarks about otherwise bright, educated people who need to have arguments about international trade explained to them in baby talk. I’d hate to be on the side of the creationists in any argument, so I started asking questions.
Referenced Krugman essay, the Landsberg post that referenced it and his post that provoked Sierra.
November 24th, 2009 at 10:38 pm
So, just checked out that Landsberg blog… Saw he was defending Cochrane.
Will, can you explain to your readers why Fama/Cochrane were right in arguing for the “Treasury View”/Say’s Law idea that a simple accounting identity proves that government spending cannot increase output?
November 25th, 2009 at 3:14 pm
Thorstein, should rhetoric matter?