Irish Economist Responds To Krugman

Constantin Gurdgiev has written a post called Replying to Prof Krugman at his "True Economics" blog. You may have read that Krugman said "Ireland had none of the American right’s favorite villains: there was no Community Reinvestment Act, no Fannie Mae or Freddie Mac." Professor Gurdgiev shows that there were many more similarities than Krugman suggested. The government did encourage risk taking that led to the credit crisis.