Krugman

Archive for Krugman

Paul Krugman: I Have Always Been At War With Tax Hikes

I coined the term “Krugman Kontradiction” to refer to the Nobel laureate’s tendency to lead his readers in one direction on an issue, then do a total about-face when circumstances make that convenient, while whipping up a new set of assumptions and emphases in his economic analysis so as to reconcile the switch. I’ve got […]

King Krugman Launches War Against Dictionaries

In an interview with Henry Blodget, Krugman explained what he would do if he were king of the United States: Notice four things in this: (1) Krugman calls for a top income tax rate of 70 percent, with more brackets added to the code. (2) Same tax treatment for capital gains, notwithstanding those economists who […]

Potpourri

==> My column at FEE talking about outsourcing in the context of the “Million Jobs Project.” ==> No joke, I submitted this to the blog of unnecessary quotation marks. ==> Glenn Greenwald explains why endless war is now literally US doctrine. ==> A Kontradiction or a contradiction? Krugman vs. Krugman on carbon taxes. ==> Don […]

Krugman the Shill

[UPDATE: I keep forgetting that not everyone grew up in a household that had succumbed to the British invasion. I didn’t write the Krugman tribute song from scratch; I parodied this Buckingham’s classic. I love it when Krugman’s fans tell me my song “sucks,” apparently thinking I wrote the whole thing. They need to realize […]

One More Point on Krugman vs. Gross on QE2

I’m like Columbo. I notice just a slight turn of phrase that other investigators would consider innocuous, yet I realize it shines a spotlight on the killer. Remember: Krugman is now saying that Gross et al. were wrong about QE2 because they suffer “liquidity trap denial” (his actual term lately). That is, these people were […]

Theory and Evidence That QE Pushes Down Long-Term Interest Rates

Thanks to Keshav for the Krugman link I used in the first half of this Mises CA post… Incidentally, if you thought, “Well duh, of course interest rates stayed low, because the Fed did Operation Twist and then QE3!” then you should really read this one. It’s not as open and shut as you’d like […]

Krugman’s Gross Mistake

The title is the best part of my latest Mises CA, but I think I raise a decent issue in the text too. The conclusion (but I really do handle some of the nuances in the post, so critics please read the whole thing first): Bill Gross made a very public prediction that Treasury rates […]