To my relief, Dr. Paul Krugman has published yet another sermon, When Prophecy Fails. For months, I have been fascinated by Dr. Krugman's blithe, unwavering insistence on the superiority of his arguments over those of differently clueless economists. Today, I decided to compose my reply.
Back in the old days, in Poland, I often listened to a lovely satirical radio program on an FM station with a short range and not much attention from censors. Among others, each week brought an installment of a philosophical discourse, entitled "On the Superiority of Easter over Christmas." The author, Jan Tadeusz Stanisławski, a self-proclaimed Professor of Applied Presumptology, would explain in short, exquisitely absurd monologs the utter stupidity of the various pseudo-scientific arguments about economics and society. This episode, "Greed for Gold," is as good as any. It ends with the following summary:
Why are we talking about gold, someone might ask? They also ask a…
Back in the old days, in Poland, I often listened to a lovely satirical radio program on an FM station with a short range and not much attention from censors. Among others, each week brought an installment of a philosophical discourse, entitled "On the Superiority of Easter over Christmas." The author, Jan Tadeusz Stanisławski, a self-proclaimed Professor of Applied Presumptology, would explain in short, exquisitely absurd monologs the utter stupidity of the various pseudo-scientific arguments about economics and society. This episode, "Greed for Gold," is as good as any. It ends with the following summary:
Why are we talking about gold, someone might ask? They also ask a…