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'..Krugman supports a failed economic theory..' - '..there exists a widespread lack of understanding..'

Posted by ProjectC 
<blockquote>'Given that Paul Krugman supports a failed economic theory, we tend to strongly doubt his pronouncements on economic issues..'

- Acting Man, Paul Krugman's Verdict Is In – And It's Wrong May, 26th, 2011</blockquote>


'..there exists a widespread lack of understanding regarding the causes of the phenomena that plague us, and especially an atmosphere of confusion and uncertainty prevalent among experts, analysts, and most economic theorists..'

<blockquote>'..while it is tragic that we have arrived at the current situation, it is even more tragic, if possible, that there exists a widespread lack of understanding regarding the causes of the phenomena that plague us, and especially an atmosphere of confusion and uncertainty prevalent among experts, analysts, and most economic theorists. In this area at least, I can hope the successive editions of this book which are being published all over the world may contribute to the theoretical training of readers, to the intellectual rearmament of new generations, and eventually, to the sorely needed institutional redesign of the entire monetary and financial system of current market economies..'

- Jesús Huerta de Soto, Money, Bank Credit, and Economic Cycles (pdf), page xxviii and page xxix</blockquote>