. . . But Krugman eventually argued that interest group
politics would mean that
> true optimal policy would be rejected in favor of policies
that helped
> powerful interest group. THerefore, it was best to support
free trade
> not because it was, in theory, best but because free trade
was better
> than interest group politics determining trade policy.
>
> So much for being pro-democratic. . . .
The funny thing about PK, as in funny weird, not funny
ha-ha, is his
obnoxious denial of the right of any non-credentialed or
non-elite
person to venture an opinion on economics, notwithstanding
the
fact that a good part of his income rests on writing for
those same
people.
mbs
