Folks, it’s a tyranny of the PhDs. Recently the central bank of Sweden was subject to a withering tirade by that oracle of Keynesian rubbish, professor Paul Krugman, who accused it of “sado-monetarism” for leaving the Swedish economy exposed to the mythical economic disease of “deflation”. So the Riksbank threw caution to the wind, and a … Continue reading The Keynesian PhD Brigade Strikes Again: Sweden’s Riksbank Joins The ZIRP Mania