Paul Krugman, Enemy of Progress

Brink Lindsey debunks Paul Krugman’s nostalgianomics:

the caricature of postwar history put forward by Krugman and other purveyors of nostalgianomics won’t lead us anywhere. Reactionary fantasies about the good old days never do.

Krugman’s caricature is similar to Kevin Rudd’s attempt to elevate the pre-1978 period to a mythical Golden Age before the ‘triumph of neo-liberalism.’