Frank Shostak explains why. See also the deflation section at LearnAustrianEconomics.com .

I hate to say “I told you so,” but what else did anyone expect from a guy who endorsed Rick Perry for president? Were we expecting anything other than a neocon propagandist? I sure wasn’t. National Review put the guy on its cover. When was…
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Paul Krugman’s articles, one begins to suspect after a while, are intended to provide employment for Bob Murphy . Is David Brooks, the Times’s house conservative, my own personal make-work project? Here’s a good rule of thumb. The phrase “New York Times house conservative” should never fill…
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