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To echo Student, Krugman wrote that Friedman helped to create the Phelps-Friedman Model and was instrumental in creating the Phillips Curve, but was a different person than the intellectual father of the Monetarist movement. Krugman goes after the latter more than the former, so the authors should seek to defend both, as much as possible, if they wish to say Krugman is ‘wrong.’

The Ayn Rand Lexicon is now online.

Be still, my beating heart.

I hope others will join me in thanking Nelson and Schwartz for exposing
Krugman’s representation of the late Milton Friedman’s character and
intellectual contributions for what they are: “doubletalk”.

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