Krugman

Archive for Krugman

Why They Can’t Run Government Like a Business

I discuss this topic at EconLib this month, giving both the theory and many illustrations. As if to motivate my article, Paul Krugman today explains why we shouldn’t be too hard on the ObamaCare website: Healthcare.gov is much better. It’s not running like, say, Amazon — but remember, mainly the government is trying to give […]

Blowback: Krugman Endorses Summers’ Critique of Freshwater Economists on Financial Infrastructure

We were all distracted by the stuff about never ending bubbles and whatnot, but Larry Summers in his recent IMF speech had a pretty funny bit where he said: Now think about the period after the financial crisis. You know, I always like to think of these crises as analogous to a power failure, or […]

Yet More Incontrovertible Evidence That Krugman Believes the Fed Can Create Bubbles

[UPDATE in text.] This is really funny, to see the Krugman defenders in the comments being reduced to such grasping. (In fairness, at least one of the people involved is motivated not by his love for Keynesian policies, but by his love to contradict me.) So let me offer yet even more damning quotations to […]

Yes, Larry Summers Is Saying Central Bank Policy Encourages Bubbles (Which He Thinks Is a Second-Best Solution Because of Secular Stagnation)

OK it took me a bit to understand the point that Keshav (and then Ken B.) were making in response to my Summers/Krugman commentary on bubbles. They (and maybe others, sorry if I’m leaving people out) were saying that yes Summers/Krugman were warning that we would have a string of bubbles, but that no they […]

An Example of Krugman Pooh-Poohing Current Bubble Concerns

In the comments of my recent post, in which I said Krugman was significantly retreating from his earlier stance about Fed policy causing bubbles, naturally some of Krugman’s defenders claimed I was inventing things, and that Krugman has been worried about bubbles all along. Here’s Krugman from May, 2013: So do we have a major […]

So, Are Summers and Krugman Now Confirming That The Austrians Have Been Right About Bubbles?

This week I’m going to talk in-depth about this with Tom Woods–and you really should be listening to all of his shows, they’re great–but let me give just a quick taste. For people who have been following the blogosphere wonk econ debate since 2008, I think you will agree that the following is an accurate […]

Krugman’s IT Expertise Is Now Non-Zero, and Cancer Patients With Canceled Policies Need to Stop Whining

Remember how Krugman admitted last week that he wasn’t going to talk about healthcare.gov, because it was a topic on which he has “zero expertise”? Well apparently he’s a quick study: OK, I just created an Obamacare account for myself…I went all the way through the process at healthcare.gov, stopping before the final step of […]

ObamaCare Is About Sticking Up for the Little Guy Against the Powerful State

This offhand remark by Krugman is really amazing: Terrific piece in the WaPo on how Kentucky’s rural poor are being helped by Kynect, the state’s version of Obamacare, which has had a picture-perfect rollout. This is why we need health reform. To my misfortune, I accidentally read some of the comments, which which full of […]