Archive for Krugman
Why Economists Will Soon Be Lynched
I am going to accelerate my transition into stand-up comedy, because the public is going to turn on economists very, very soon. Look at this: 1) Krugman argues that severe US fiscal austerity explains our dismal economic growth. 2) I say no, there hasn’t been fiscal austerity. In fact, we have record-high spending, and that [...]
Read moreWhy “Potential GDP” Loads the Keynesian Deck
Krugman is back to his oh-so-objective presentation of the facts, which smuggle in the Keynesian policy prescriptions: There is some tendency among economic commentators to think that austerity policies in a deeply depressed economy are mainly a European thing; you even find a fair number of people imagining that the United States is still engaged [...]
Read moreTHE ZOMBIE RETURNS! Woods-Murphy Live in NYC, June 8
Oh my, Tom and I are cooking up…something wonderful. This is one artist’s rendition of the phenomenon: Here’s Tom’s main event page, here’s the Facebook event page, and here is where you get tickets. If you know you’re going–and unless your wife will be in labor, why would you miss this?–act now, because special discount [...]
Read moreKrugman vs. Murphy: The Animated Series
So Noah Smith has a pretty funny post, casting Krugman as Voltron versus me (and a bunch of others) as the monotonous grab-bag of robot monsters. On Facebook some people were offering cartoonish rejoinders. Joshua Ammons showed what a two face Krugman is: while Naomi Jeys dug up her caricature of me from a few [...]
Read moreNo Pandering From Krugman
At this point we need an Excel spreadsheet to keep track of how many blog posts Paul Krugman has written, regarding the lessons we are to draw from the Reinhart-Rogoff fiasco. But this one really amused me, when Krugman explained: Notice, however, that the problem with the original wasn’t that it failed to convey the [...]
Read morePotpourri
==> Not sure if I even mentioned it here, because the main event sold out…but anyway I will be at the “Anarchy in the NYC” event this Saturday. Afterward there is a karaoke party hosted by Tatiana Moroz, but you need a ticket to get in. (I am now calling myself a professional singer for [...]
Read moreKrugman Gloating on Gold
This really makes no sense. As everybody knows, gold just had the biggest one-day drop in three decades. Here’s Krugman’s reaction: So, the slide in gold has turned into a rout. As Joe Weisenthal says, this should be seen as really good news, because it offers strong evidence that the goldbug/inflationista view of the world [...]
Read morePotpourri
==> Whether North Korean officials actually said this, or whether it is US propaganda to get Americans mad, either way it’s hilarious: They allegedly called the US mainland a “boiled pumpkin.” Who can drop bombs after such a funny insult? ==> Robert Higgs looks around at today’s libertarians, and he’s none too impressed. His op [...]
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