This is brilliant!
Veronique de Rugy claims that there is no austerity in Europe, and Tyler Cowen nods approvingly. Then the Kenesians dogpile on the two of them and de Rugy walks it back, admitting she was just swinging at a straw man.
Cowen, in true Cowenesque fashion, doubles down, saying we don't get it because we're not as "deep" as him.
Maybe we're not as deep as Cowen, but when you're sinking as fast as he is, it's bound to be tough for the rest of us to keep up.