Tuesday, January 29, 2013

Greg Mankiw's Blog: He didn't know the secret handshake

Greg Mankiw's Blog: He didn't know the secret handshake: "Artur Baptista da Silva had become one of the most authoritative voices on Portuguese television, using his experience as an economist and United Nations consultant to explain why so much austerity was bad for the bailed-out country's economy.

But now it turns out that the 61-year-old economist who explained so seriously – and clearly – the damage being inflicted on the country by the austerity measures demanded by the troika of lenders (EU, IMF and ECB) was a conman with at least two jail terms behind him.

The fake economist earnestly debated with journalists and other experts on television shows, claiming that the European Union has become a farce."

'via Blog this'

He's making the Paul Krugman argument against austerity.

I'm not sure it's fair to call him fake. Are there interview transcripts somewhere? He could be making great arguments. You don't need a degree to be an economist.

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