Cat playing with a mouse — Robert Murphy teaches Paul Krugman macro 101

Bob Murphy takes Paul Krugman to school with some basic facts about the rise in unemployment by economic sector.

Krugman has been an absolute disgrace to science and the economics profession with his deeply dishonest “explications” of Hayekian macro — and I’m happy to see Krugman getting called on it once again.

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[The] destruction of values by scientific error .. has increasingly come to seem to me the great tragedy of our time. — F. A. Hayek

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