Krugman

Archive for Krugman

Krugman Wonders Why He’s the Only One Parroting Administration Talking Points on ObamaCare

Remember back on the day the Healthcare.gov website launched, that Krugman reported to his readers: So, very early reports are that Obamacare exchanges are, as expected, having some technical glitches on the first day — maybe even a bit worse than expected, because it appears that volume has been much bigger than predicted. Here’s what […]

Krugman on Tax Theory

[UPDATE below.] It’s one thing for Krugman to tell us what the Republicans or people at the Heritage Foundation are “really” after, etc., but it’s quite another when he just makes stuff up about objective economics literature. In a recent post lambasting Greg Mankiw (who won’t just admit he’s a moral monster like a man), […]

Krugman on Levels vs. Growth

I am a cheeky little imp and lecture the Nobel laureate on first derivatives. Excerpt: So to sum up: Before posting the actual data, Krugman made his hypothetical opponent argue in terms of actual wages, with Krugman then responding in terms of actual wages. But when he posted the data–which show that wages have been […]

Daniel Drezner Invents the Most Bogus Austerity “Fact” in American History

Paul Krugman approvingly quotes from Daniel Drezner, who writes: One of the Beltway tribe’s greatest strengths is also one of its greatest weaknesses: groupthink. As I noted before, a Beltway consensus actually counts for something in the world of international policymaking. That does not mean that this consensus emerges from any solid analysis, however. For […]

More Krugman Re-Writing of His Stimulus Views

I really had decided I was going to lay off Krugman for a while, but this one was too much. In light of the 5th anniversary of the Obama stimulus package, Krugman is claiming that he never understood the Christy Romer’s team’s rosy forecast of a quick recovery back in early 2009. Greg Mankiw winces […]

I Agree With Krugman in Both Spirit and Letter

You think I’m being sarcastic, but I’m not. I really like this post where Krugman argues: In my field there is indeed a problem with abstruseness, with the many academics who never even try to put their thoughts in plain language. And what is the nature of that problem? It’s not that laypeople don’t understand […]

Krugman Incorporates the Liquidity Trap Into His Affordable Care Act Job Analysis

I’m not trying to be obnoxious about this, but in his latest post Krugman completely vindicates my claim that he had been totally ignoring the liquidity trap–the staple of his analysis the last 6 years–when dealing with the CBO’s report on the Affordable Care Act (ACA, aka “ObamaCare”). In the comments at my first post, […]

Awkward: CBO More Than Doubles Estimate of Negative Employment Effect of “ObamaCare”

[UPDATE below.] At Mises Canada I explain the CBO’s new report that has people guffawing. Note: Please be careful in how you cite their analysis; it’s not really accurate to say, “CBO says ObamaCare will destroy 2 million jobs!” (Don’t get me wrong, it may very well do just that, but my point is, that’s […]