Hoisted from the Archives: Brad DeLong: Department of "Huh?": Peter Boettke praises Charles Rowley:
Charles Rowley on the State of Macroeconomics: Charles Rowley has never shied away from speaking truth to power. This is a very admirable trait. In a series of posts this week he demonstrates that principled stance as an economist again… [as] he tells his readers:
[T]he Keynesian model never worked… has been resuscitated by opportunistic economists not because they believe in its merits as an agent of macroeconomic rehabilitation, but because they recognize its political value as a weapon for moving economies from laissez-faire capitalism, or (hopefully) beyond that to fully-fledged socialism.
If this is "Charles Rowley... speaking truth to power", then Peter Boettke is a mynah bird. Peter knows better, and owes his readers better, and knows he owes his readers better.