As I understand the structure of the argument, [Josef] Joffe ridicules me because

1. I have written a number of articles opposing fiscal austerity right now. This shows how foolish I am, because good economists never return to or elaborate on points they’ve made before. Milton Friedman wrote one article about the virtues of free markets, and never mentioned the subject again.
2. European political leaders aren’t taking my advice. This also shows how foolish I am, because politicians always make the right decisions about economic policy.