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 […]

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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 […]

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“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 […]

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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 […]

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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 […]

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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.”

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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 […]

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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 […]

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