Krugman

Archive for Krugman

A School for Keynesians Who Can’t Read Good

…should be established. Yes I am now starting to think there is a “Krugman Derangement Syndrome,” because people seem to have an amazing inability to parse objections thrown his way. Today’s case in point: Noah Smith, but first I have to give some context: Ed Prescott (a Nobel laureate) recently gave a quote to a […]

I Hope Nobody Took Brad DeLong’s Betting Advice

(Note for new readers: If this post seems obscure and petty, you must not have been around when this happened.) Back in February 2009, the new Obama Administration put out an economic outlook that forecast real GDP in 2013 would be 15.6% above the 2008 level. Greg Mankiw was quite skeptical of this forecast, thinking […]

Krugman on Turkey

As faithful readers know, I was wondering how Krugman would deal with the fact that the Turkish central bank felt compelled to sharply raise its interest rates across the curve, in order to fend off an attack from the Visible Currency Vigilantes. (I am now clarifying that this is a more accurate description than “Bond […]

Is Turkey Benefiting From an Attack of the (Visible) Bond Vigilantes?

In addition to claiming that the bond vigilants are invisible (i.e. nonexistent), Paul Krugman has also argued that even if investors around the world suddenly lost confidence in Treasury bonds (because of fears over Uncle Sam’s profligacy), it would actually be good for the economy. For Krugman’s argument to apply, a country needs to (a) […]

My Response to Krugman on Mises on the Great Depression

My latest post at Mises Canada. The intro: Paul Krugman recently piggybacked upon a critique of Mises’ views on the Great Depression. There’s really nothing new in Krugman’s post, but as an ardent Misesian with a book on the Great Depression and a public vendetta against Krugman…I am pretty much contractually obligated to write a response. Incidentally, I’ll […]

One Last Post on Russ Roberts and Me Commenting on Krugman vs. Barro

The only reason I am posting this is that several people seem genuinely unaware of what point Russ Roberts and I were making in the recent blog war. (Here’s a summary in case you’ve stumbled upon the present post.) Let me try one last time to explain. If I can save just one reader, my […]

I Was Less Than Clear on My Problem With Krugman’s Unemployment Insurance Post

[UPDATE below.] Productively using our time, Daniel Kuehn and I have been arguing at his blog about the recent unpleasantness which resulted in the war-crime of Krugman calling me (and Russ Roberts) “idiots.” (Krugman’s intentional strikethrough raises it from a petty insult into a cool elbow-throw.) So here’s the progression: (1) Russ Roberts complained that […]

Two New Posts

At Mises Canada I have two posts up: ==> The first gives yet another illustration of my claim that Bernanke has been the FDR of central banking. This time, I discuss a HuffPo writer calling on Janet Yellen to “save the planet” (his term). ==> In this post, I endorse Russ Roberts’ complaint about Krugman’s […]