Archive for Krugman

Last One I Promise: Krugman on DeLong on Murphy on Potential GDP

I’m just trying to get my ducks in a row here “among friends” before I go out into the cruel world. I think I have a very strong case so I don’t want to commit an unforced error. A few of you who have no axe to grind (such as Capt. Parker, who is outranked […]

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Krugman Talking About Productive Capacity, and Demand vs. Supply Shocks, After the Crisis Struck

I am mostly making this post for bookkeeping purposes for myself, but for those of you arguing with me in the comments of my recent posts, take a look. I welcome your comments. The following posts are from Krugman, discussing other economists who were trying to defuse the calls for more stimulus, by saying the […]

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Actual vs. Potential (Real) GDP

So here is what the CBO/BEA now say, from 2000 through the present: Now be careful: The series for potential real GDP is quoted in 2009 dollars, whereas the real GDP series is in 2012 dollars. So to make them apples to apples I multiplied the former by 1.0639, because this calculator said that was […]

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Two Basks About Krugman

(For newcomers, on this blog we don’t “bleg” we “bask.”) #1) On Krugman’s victory lap commemorating the 10th anniversary of Lehman, he wrote: You could say that nobody could have predicted such a sustained slump. You could say that — but you would be wrong. Many people, myself included, predicted a slow recovery, because this […]

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Paul Krugman versus Bob Murphy and George Soros

Keith Knight sent me a copy of Krugman’s book, Conscience of a Liberal, and we went through it on his show (below). Before we went live, he mentioned that Krugman had once debated George Soros. I never knew that (or I forgot), so I’m including that video as well.

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Is It Intellectually Honest to Chortle About This?

Major Freedom tipped me off to this Bloomberg interview with Krugman, which aired in March 2017: So in the interview, Krugman says 3% growth is not possible, even if they made him dictator. (Really.) Krugman goes on to say that 2% growth is the reality we now face, for various reasons (like demography), unless there […]

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A Krugman Kontradiction

Sure, he said “government official” probably to mean “employee in the Executive Branch” but c’mon. This notion that the U.S. Republic suddenly hit the rocks on November 2016 is crazy–especially coming from Krugman, who periodically reminds his readers that the GOP has been this awful all along, it’s not a Trump thing.  

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Potpourri

==> CONTEST! Get your video posted for free admission to the Contra Cruise. Details in the middle of this episode (which is also quite good). ==> I differ with the Pope on transubstantiation *and* climate economics. ==> This is a great Tom Woods interview of Saifedean Ammous. He is an economist with a very particular […]

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