Derb — Yes, I agree. In the race to discuss the gay angle I think both of us cut some corners. I agree that Keynesianism isn’t as awful as conservatives (including myself in those posts) sometimes make it sound. And, I should have been more clear about Hayek. The Road to Serfdom wasn’t an explicitly anti-Keynesian treatise. But, Keynes and Hayek were legendary mortal intellectual enemies in 1930s Britain (though they were quite friendly socially). It was Hayek’s “The General Theory of Employment, Interest and Money,” written in 1936 which was the real — and winning — anti-Keynesian broadside, not the Road to Serfdom. My point about the RtS was that it was a foundational book of the modern right and its author was opposed to Keynes for reasons which have absolutely nothing to do with who could quote Oscar Wilde verbatim. Indeed, all of this underscores the point that Krugman, once again, has his dress over his head about a completely made-up issue.

UPDATE: See post above: “I’M AN IDIOT”