Deficit of Courage
The American Spectator • Dec 19, 2008In recent Newsweek article , German finance minister Peer Steinbrück criticized the recent stimulus measures proposed by UK Prime Minister Gordon Brown, remarking, "The switch from decades of supply-side politics all the way to a crass Keynesianism is breathtaking." Brown wasn't pleased. But no one took the barb more personally than the self-appointed champion of Keynesianism, the Nobel laureate Paul Krugman. He mocked German Chancellor Angela Merkel, who has steadfastly refused extra stimulus measures proposed by… Full Story »
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