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Politically, they're the only economic theory that matters. No one cares what heterodox heretics think, and they certainly have absolutely no influence on US policy - the US being a country where a centrist like Krugman might as well be Karl Marx.

A bit of reluctant pseudo-Keynesian pumping over the last year hasn't done a lot to change that.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sun Dec 20th, 2009 at 08:56:52 PM EST
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I don't find any explanation in this, just assertions.
by ormondotvos (ormond.otvosnospamgmialcon) on Mon Dec 21st, 2009 at 08:59:45 PM EST
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