Defunct Economists--But Which Ones?

Brad Delong talks about Keynes' famous statement. One should be impressed that because of their policy prescriptions, Keynes and Friedman find themselves in the same camp. Friedman's comments in 2000 after a speech he delivered on Japan's economic problems show he would have been a vigorous supporter of QE2. The repudiation by Friedman (always seen as the free market's champion) of the Austrians is also instructive.