Back in 2007 I thought that Paul Krugman was broadly right in his assessment of Milton Friedman.
Has the reality of the last six years left anything of the Tabarrok-Nelson-Schwartz position standing? Or is it all 100% rubble?
I mean to start with:
(1) Krugman’s misstatements in “Who Was Milton Friedman?” about Friedman’s economics and about monetarism, as well as his assertions of existence of liquidity traps. (a) On Friedman: Krugman’s (2007a) concluding paragraph states that “Milton Friedman was a very great man indeed—a man of intellectual courage…"
does not auger well for the rest of the article…