Bruce Bartlett’s latest has some interesting history from the 1930s that just so happens to bear on my
mild chiding of Noah Smith (Smith has
an answer
that, frankly, I don’t understand — but he’s been such a good guy over
time that I’m just going to let this one drop). Anyway, Bartlett focuses
largely on the malign influence of Henry Hazlitt, who was among other
things writing many editorials for the New York Times, always insisting
that the answer to the Great Depression was to encourage big cuts in
wages.
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