Debt

Archive for Debt

Outsourcing My Krugman Kritiques

Believe it or not, I actually do not relay most of the Krugman critiques that people send my way. Very often they are of the form, “Krugman interprets X according to his Keynesian model, but that’s dumb, because really we should interpret it this other way…” I usually agree with such posts, but they won’t […]

Murphy vs. Yglesias On Chinese Bond Purchases

In this Daily Caller article I dispute Matt Yglesias’ recent argument that the Chinese government exercises no leverage over the American government because it buys so much of its debt. An excerpt: The only way to completely offset both [rising U.S. Treasury yields] and [rising U.S. consumer prices], is if foreign investors are willing to […]

“The Biggest Scam in the History of Mankind”

This video is pretty neat; it’s racking up views very quickly. It’s very well done, but unfortunately there are a few things that I think they get wrong. Some of my objections: ==> The guy a few times says “I” when he should say “me.” ==> I understand where he’s coming from, but I don’t […]

Now That Debt Crisis Can’t Be Blamed on Tea Party, Krugman Back to Saying It’s Expansionary

[UPDATE below.] Sometimes the cognitive dissonance in Krugman’s mind could power a small city. As regular readers know, I was going nuts during the debt ceiling standoff, because Krugman was parroting the standard talking points as if a default would be a disaster. For example he wrote on September 25: Add me to the chorus […]

Potpourri

==> David R. Henderson on the Nobel. ==> When reading posts like this from Bryan, I wonder if he hands out the syllabus on the first day of class that just says “YOU WILL GET NOTHING FROM THIS CLASS” at the top. ==> MoveOn.org starts a petition to arrest Republicans in Congress for sedition. I’m […]

Lew Rockwell: Gov’t Can Cut Spending By Not Spying on Americans and Killing Foreigners

I don’t remember too many “Tea Party radicals” suggesting these ideas… A special treat in the below clip is to hear a British guy say, “Ludwig von Mises.” Almost as pleasing to the ear as when someone on the BBC says “Baghdad.”

George W. Krugman

Some people are sore losers, but Krugman is a sore winner on the debt ceiling. Here’s part of his post-game show: [The organization titled] Fix the Debt didn’t just help create a climate of crisis with its fearmongering over the deficit; the fiscal scolds actively cheered GOP hostage-taking in 2011, and were still lending support […]

A Move to Significantly Weaken the Debt Ceiling?

I got this from a pretty sensible fellow over email. I haven’t had time to confirm it myself, let me know what you folks think in the comments. ===== A very little reported part of the law passed last night to end the government shutdown is described below: The Devil Is in the Details. While […]