"How does The Onion stay in business with howlers like this in the "real" media? Completely ignoring Austrian economics and, apparently, the disastrous effects of central banking and fiat currencies since their inception, Nobel-Prize-Winning economist Paul Krugman (what is up with that Nobel committee, anyway?) vilipends members of the Chicago school of central-banking-and-slightly-smaller-big-government economics and the neo-Keynesian school of central-banking-and-big-government economics, claiming that the "classical" Keynesian version of central-banking-and-big-government economics ? with the addition of "behavioral finance" ? is clearly the way to go. The actual title of Krugman's essay is apt, at least: How Did Economists Get It So Wrong? (NYTimes link). In true Keynesian fashion, Krugman openly advocated a government-induced housing bubble after the dot-com crash at the start of the decade."