Archive for David R. Henderson

Daniel Drezner Invents the Most Bogus Austerity “Fact” in American History

Paul Krugman approvingly quotes from Daniel Drezner, who writes: One of the Beltway tribe’s greatest strengths is also one of its greatest weaknesses: groupthink. As I noted before, a Beltway consensus actually counts for something in the world of international policymaking. That does not mean that this consensus emerges from any solid analysis, however. For […]

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David R. Henderson on CBO and ObamaCare

The opening paragraphs from my new Mises Canada post: The good thing about the Internet is that there is a Hayekian safety net: When a bunch of free-market economists are idiots and overlook an obvious point, eventually somebody comes along to rescue them. For today’s example, we have the arguments over the CBO’s estimate that […]

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I Was Less Than Clear on My Problem With Krugman’s Unemployment Insurance Post

[UPDATE below.] Productively using our time, Daniel Kuehn and I have been arguing at his blog about the recent unpleasantness which resulted in the war-crime of Krugman calling me (and Russ Roberts) “idiots.” (Krugman’s intentional strikethrough raises it from a petty insult into a cool elbow-throw.) So here’s the progression: (1) Russ Roberts complained that […]

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Potpourri

==> I had briefly toyed with the idea of ignoring Krugman in 2014, but then I realized: You guys want me on that wall, you need me on that wall. For now: A while ago someone exclaimed with horror in the comments here that Krugman was referring to his opponents as cockroaches, and that this […]

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Potpourri

==> I am going to be at the First Annual “Save Long Island” Forum in mid-January. If you buy your tickets in 2013, they are 50% off. I will be debating “Money Masters”‘ Bill Still Friday night, and there are lots of interesting speakers/performers. ==> Tucker talks teetotalling in a tux. ==> The NSA really […]

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Potpourri

==> David R. Henderson reports on media bias in the Denver school shooting (one and two). ==> Some of these kids’ test answers are literally “laugh out loud” funny. Be sure you get what’s going on with the Chinese immigrant one. ==> A classic Rothbard essay on dealing with water shortages. Yes, he lays out […]

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Illustrating “the Collapse” in Government Spending

[UPDATE below.] Frequent commentator MajorFreedom linked to this, and I thought it worth highlighting. Remember, I had linked to David R. Henderson’s critique of Paul Krugman, who put up a graph–in a post titled “Unprecedented Austerity”–showing percentage changes in (a three-year average of) total government spending at all levels in the U.S. Krugman then said […]

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Henderson/Murphy Tag Team the Keynesian Champ

I know I’m mixing wrestling and boxing metaphors. But there are few rules at Free Advice. David R. Henderson has a good critique of Krugman’s latest post about “unprecedented austerity” (Krugman’s term). For example, Krugman labels a sharp reduction in the rate of growth of spending as a “collapse in spending.” That’s simply not correct. […]

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