April 14, 2009

The Right's (better) Krugman

The conservative movement has a plethora of economists backing its point of view. We've got our better version of Keynes in Milton Friedman. We've got Adam Smith. But who do we have in the 2000's that is our answer to Paul Krugman (NY Times liberal economist and pundit)?

Well, there's Peter Wallison. Who, you might ask, is Peter Wallison? He's the guy in 1999 who predicted a Fannie Mae and mortgage market collapse.

He's this guy;

Why bring this up now? Because he is asserting (rightly so) that the direction on the current financial crisis with respect to Fannie Mae and Freddie Mac is 180 degrees wrong.

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