On his blog, Krugman responds to fellow columnist Bret Stephens, who argues that the conservative movement has fallen a long way since the days of William F. Buckley. Krugman responds that the conservative movement was never any good, and never had any kind of golden age.
Believe it or not, we get more worked up in this episode than probably any episode thus far. You won't want to skip this one.
Krugman reviews economic ideas that he says no longer apply today. Is there anything wrong with his thinking?