Over at the Hoover Institution Journal, Richard Epstein has a new article: Setting Krugman Straight. He begins it with:
The recent story in the New York Magazine, Has the ˜Libertarian Moment’ Arrived? by Robert Draper, has given rise to a great deal of speculation about whether we are poised for another great political transformation. Needless to say, the prospect of this moment fills the New York Times set with dread. The Times’ all-purpose scold Paul Krugman followed up Draper’s tell-all story with his own harsh critique of libertarian economics in his column Phosphorus and Freedom. He concludes that it is foolish for defenders of free market economics to believe that we have a vastly bigger and more intrusive government than we need. Unfortunately, Krugman knows nothing about the libertarian principles that he blithely dismisses.
For the rest of the article, see Setting Krugman Straight, as linked above.