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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Philip Pilkington: Nobel Laureate Paul Krugman Selectively Quotes Rival to Stitch Him Up After Losing Argument | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="e34qQZGc4A"&gt;&lt;a href="https://www.nakedcapitalism.com/2012/04/philip-pilkington-nobel-laureate-paul-krugman-selectively-quotes-rival-to-stitch-him-up-after-losing-argument.html"&gt;Philip Pilkington: Nobel Laureate Paul Krugman Selectively Quotes Rival to Stitch Him Up After Losing Argument&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2012/04/philip-pilkington-nobel-laureate-paul-krugman-selectively-quotes-rival-to-stitch-him-up-after-losing-argument.html/embed#?secret=e34qQZGc4A" width="600" height="338" title="&#x201C;Philip Pilkington: Nobel Laureate Paul Krugman Selectively Quotes Rival to Stitch Him Up After Losing Argument&#x201D; &#x2014; naked capitalism" data-secret="e34qQZGc4A" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>Yves here. If comments on this site are any guide, readers appear to have taken considerable interest in a blogosphere debate on the role of money and banking, with Steven Keen and Scott Fullwiler (among others) arrayed against Paul Krugman and Nick Rowe. Krugman's latest piece not only misrepresents Steve Keen's argument, as Philip Pilkington explains below, but Krugman also appears to have shut down any discussion at his blog after quite a few of his readers pointed out his sleight of hand.   There were 65 comments from 12:46 PM to 5:22 PM. Krugman put an update (no time marker) at the top of the post"OK, I&#x2019;m done with this conversation." Did the last comment, reproduced in full below, hit a nerve?</description></oembed>

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