Economics

Archive for Economics

Krugman’s Baseline for Economy Back in 2009, Without Stimulus Package

We all know that Krugman has been saying “I told you so” ever since the Obama stimulus package didn’t usher in happy times. However, the naive outsider might get the sense that Krugman disagreed with the actual analysis conducted by Romer-Bernstein (with their infamous chart projected unemployment with and without the stimulus). Yet as I’m […]

Krugman: I’m So Right About Rick Perry, Even Data Supporting Perry Prove It

The funny thing about data-hound Paul Krugman is that I’ve often caught him presenting cold, hard facts that contradict what he is saying. Take the recent controversy over whether Rick Perry has presided (governed?) over an economic “miracle” in Texas. Krugman here and here presents versions of the following two charts, thinking he has refuted […]

Krugman and Space Aliens

Lots of people sending me this. Eh, I mean he’s really just trying to come up with a fanciful illustration of his (crazy) position. Technically he’s not calling for an alien invasion, he’s (at worst) calling for a hoax of an alien invasion.

The Market for Security

This is actually a pretty good summary of my views on private law and defense, for those who are interested…

A Web Conference Summarizing the US Economy

We conceived of this idea earlier in the week, as the market plummeted. The web traffic at Mises.org is through the roof, and we know people are searching about for various perspectives on what the heck is going on. I will be offering an Austrian (naturally) take on our situation Friday, starting at 6pm Eastern […]

Big Deficits and Easy Money Have Failed

That was the title I had given it, but at Mises they called it “End This Agony.” For what it’s worth, I consider this the single best critique of Krugman I have written. I realize it will not convince those of you who believe in bigger deficits and more quantitative easing, but I don’t know […]

The Natives Are Turning Against the Banksters

This is humorous, uplifting, a sign of the times…and quite possibly true. The Daily Show – The ForecloserGet More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook Is it weird that I stay abreast of political developments via Jon Stewart? I can’t possibly watch Fox, CNN, etc., but I can tolerate […]

Free Advice That Was Totally Worth the Price

This Wednesday I will have a spirited take-down of Krugman’s “I told you so” column from last week. In writing the piece, I dug up this oldie but goodie from the days when Free Advice wasn’t yet potty trained. In all seriousness, I can sleep at night knowing this is what I advised on August […]