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Originally Posted by Kuhb

Certainly. But in turn you'll find those same respected economists, from Krugman in the mainstream, to descendants of the Chicago school, through to the better post-Keynsians who were wrong about Japan, the Eurozone, the 2008 crash, and the wisdom of austerity in the face of recession. History has shown significant misunderstandings at the heart of mainstream economics.

krugman has always been against austerity but he’s not ready to make the conceptual leap into mmt-land