L.A. Liberty

Scrub to 35:20 to enjoy Spanish economist Pedro Schwartz graciously take on Krugman and Keynesianism (in English) at a conference run by Fundacíon Rafael del Pino presenting Krugman’s new book. (via LvMI)

I got a good chuckle later in the video (after Krugman gets his rebuttal in) when Keynesian Manuel Conthe claimed that Krugman deserved a second Nobel for his latest book, but then I audibly laughed when he praised Krugman’s “easy-to-understand metaphor” of the babysitting co-op (which Conthe describes almost as if it were a new metaphor even though Krugman introduced it in a column at Slate almost 15 years ago, and has been using it in his textbook for years). If you want to know why it’s funny to believe that his metaphor is anything short of foolish, see here, here, here, and here.