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Politics : View from the Center and Left
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To: bentway who wrote (211080)12/9/2012 8:51:42 PM
From: JohnM  Read Replies (2) of 541764
 
Greenspan apparently believed in the "efficient markets" theories. Even when the evidence against them had grown to overwhelming. More than a few books on how the last, say, fifteen years have blown that out of the water. Not Krugman.

I've seen Steve's evidence of Krugman and the housing bubble. I suspect, given the timing of those quotes, he was in very good company. I also recall that as Dean Baker and others were talking about selling their houses and camping out in the local park as a way to carry themselves through the coming housing crisis, Krugman was one with them.
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