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Whether his colleagues like it or not, Paul Krugman is the public face of the Keynesian establishment.  Replying to Krugman, therefore, involves more than criticizing just one person. Today Bob Murphy takes apart Krugman’s most recent New York Times column, in which he tries to defend Keynesianism against critics. About the Guest Robert P. Murphy holds a Ph.D. in economics from New York University. He is the author of numerous books (see below), including study guides to Ludwig von Mises’  (study guide ) and  (study guide ), and Murray Rothbard’s  (study guide ). Articles Discussed “,” by Paul Krugman “,” by Bob Murphy Related Link “,” by David Gordon Guest’s Blog Books by the Guest  (free textbook;  for a free teacher’s manual)  (available free)  (with Silas Barta; available free)  (also available as an audiobook)  (also available as an audiobook) Guest’s Twitter Guest’s Facebook Episode Mentioned : Against Market Monetarism and NGDP Targeting (Joseph Salerno) Related Episodes : Japan: Failed Keynesian Experiment (Robert Murphy) : Boom and Bust: The Cause (David Howden) : Keynes and His Errors (G.P. Manish) Special Offers Bob Murphy is joining the faculty at  this year! Learn from Bob in courses you can listen to on the go, plus live Q&A sessions and more. Twelve courses teaching the history and economics we didn’t learn in school await you already. , using coupon code SHOW (all caps) for a special discount. If you enjoy the Tom Woods Show, my new book —  — is for you. ! And get a free copy of the audiobook version, with me reading it, at .