Paul Krugman has this habit of rewriting history, and I deal with his latest salvo regarding what Herbert Hoover’s Secretary of the Treasury Andrew Mellon was supposed to have said. Here is my KIW post.
Source link: http://archive.mises.org/16315/krugman-mangles-history-and-i-reply/
Krugman mangles history — and I reply
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He’s STILL using that old, tired, and many times disproven Hoover line? Wow. The man has no shame.
The fact that Krugman still distorts the record of Hoover is proof that he is intellectually dishonest and is willing to distort the evidence in whatever way is necessary to justify his bad economic advice.
Isn’t it amazing that the Krugmanites and Keynesians have no real economic theory at all and their entire hoax is based upon a completely refuted and false historical narrative?
Now, which school doesn’t employ “data”?
Read
http://www.ecommcode.com/hoover/ebooks/pdf/FULL/B1V3_Full.pdf
page 41-43 in the PDF. Clearly states he heard Mellon and did the other thing. FYI the Hoover Dam was the ‘renewable energy/clean jobs’ project of the 30s.
Reply here, no click-throughs.
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