Archive for October, 2011
Krugman Accounting Bask
I’m being serious in this post (for once), I want someone to explain exactly where Krugman is coming from when he writes: [Martin Wolf is] reacting to Cameron’s statement, semi-withdrawn but not really, that what Britain needs is for everyone to pay down debt, said in obvious obliviousness to the fact that if everyone cuts […]
Read moreThoughts on the Econ Nobel Laureates
David R. Henderson is, as usual, much more courteous than I am. He argues that this year’s awards should be construed as “non-Keynesian,” and maybe he’s right. Yet here was my take: This year’s Nobel Memorial Prize in Economics goes to two Americans, Thomas Sargent (NYU) and Christopher Sims (Princeton). Officially the award is for […]
Read moreYglesias Wants to Abolish the EPA!!
(Hint: At least skim this whole post. There’s a surprise at the end.) Wow, I stand corrected. I recently implied that on the great scientist/ideologue divided, Matt Yglesias came down on the side of Krugman. Yet in a recent post on Pigovian theory, Yglesias totally proved me wrong (HT2 Daniel Kuehn): Against Pigovian Taxes, For […]
Read moreThe Fairest Keynesian in the Land
When I look upon my mirror and ask it to name me the fairest Keynesian in the land, he says Mecha Lekka Hi Mecha Hiney Ho. But when prompted again, he says it’s Karl Smith. For example, in a recent post Karl put a picture of Ron Paul’s End the Fed and then said this: […]
Read moreThe Most Klassic Krugman Kontradiction of All Time
This actually made me get up and pace around the office for a minute. I had to let it sink in, it was so delicious. First, the context: People have the long knives out for Russ Roberts, who had disputed the evidence that Krugman had given for a Keynesian worldview, and then Russ Roberts concluded: […]
Read moreWho Wants to Be My Synthetic Friend?
OK I broke down and joined Twitter. (It has to do with the Washington Times gig; they are really pushing us to be social or something.) So, if you are so inclined, follow me @BobMurphyEcon.
Read moreSumner Plugs the Last Chink In His Inflationist Armor
I know many of you are probably getting sick of my obsession with econo-blogger Scott Sumner, but he is really something else. In previous posts I have shown that Sumner has explicitly declared that even if his policies lead to nothing but rising price inflation, he will have no regrets. Yesterday he made his views […]
Read moreA Tale of Two Krugmans
On Sunday Paul Krugman wanted to nip in the bud the small-government fantasy that the way to deal with reckless bankers is to stop bailing them out: One line I’ve been seeing in various places, including comments here, is the claim that the real way to deal with Wall Street is laissez-faire economics: no more […]
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