This is why I love Google!


Have I said how much I love Google lately? This picture shows why.

Krugman meet Hazlitt

Economics in One Lesson is a book by Henry Hazlitt, a self-educated libertarian economist.

Hazlitt wrote for a who’s who of American journals and newspapers; The Wall Street Journal, Newsweek (back before they turned into a Democratic Party propaganda machine), and Krugman’s own The New York Times. Ah if only Hazlitt were writing for the Gray Lady now, instead of Krugman!

The best part about an ad for Hazlitt’s Economics in One Lesson (EiOL) on Krugman’s NYT article is that EiOL is a hallmark of Austrian Economics. It’s pretty much required reading for anyone interested in Austrian economics. By the way you can get EiOL for free as pdf here.

Another irony is that Hazlitt wrote a line by line refutation of Keynes’ General Theory, titled The Failure of the New Economics. (Link is to a free pdf version.) As we know Keynes is the Krugman as Bacon is to the perfect cheeseburger, inseparable! John Chamberlain, editor of the Freeman, notes:

Mr. Hazlitt takes up the General Theory line by line and paragraph by paragraph, discovering scores of errors on almost every page. Not only does he kill Keynes; he cuts the corpse up into little pieces and stamps each little piece into the earth. The performance is awe-inspiring, masterly, irrefutable — and a little grisly. At times one almost feels sorry for the victim. But, since Keynesian doctrines have created so much misery in the world, any sympathy is misplaced. Hazlitt’s job had to be done.

Who at Google did this? Maybe the Machines are conscious and have a sense of humor. I don’t know.

At least this goes to show everyone that I do read Krugman. I feel dirty afterward but I still keep an open mind and I’m willing to read from those, whose views I fundamentally disagree. How often do you think Liberals do the same?

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  1. yttik
    July 20, 2010 at 09:56

    Alvin Greene down there in South Carolina has suggested we need to make a line of action figures modeled after him to stimulate the economy. He also suggests we make a movie of his life, maybe get Denzel to star in it.

    I think it’s simply brilliant. He’s one of the few politicians who has suggested that in order to create jobs and stimulate the economy, we should consider actually producing something. Seriously, let’s give this man a Nobel Prize in economics, I think he hit on the solution.

  2. July 20, 2010 at 14:48

    Only if we can take away Krugman’s Nobel.

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