Krugman

Archive for Krugman

Blog-Steal: Krugman’s Kollapsing Klaims about Healthcare.gov

[UPDATE below.] I don’t normally like to just copy and paste somebody else’s blog post, but Chris Rossini at EPJ penned a work of brilliance. I had read all of these Krugman posts, but didn’t think to lay them out this way: I’m proud to announce that Truth and Paul Krugman have crashed into one […]

Summers and Krugman: The Liquidity Trap Is Forever

It now looks like the War on Savings will be as eternal as the War on Terror. Previously, Paul Krugman et al. had confined their upside-down prescriptions to this apparently temporary abnormality, but once things returned to normal they would go back (we were assured) to worrying about budget deficits and the stability of the […]

Paul Krugman: The Geezers Have Had an Awful 3rd Quarter

This isn’t really substantive, but inasmuch as I am the world’s clearinghouse for Krugman Kontradictions–real or merely perceived–I couldn’t resist drawing your attention to two of his pieces: ==> “The Geezers Are All Right,” NYT op ed, June 2, 2013 ==> “The Geezers Are Not Alright,” NYT blog post, November 19, 2013 Incidentally, not only […]

According to His Own Criterion, Paul Krugman Has Low Moral Character

In today’s post titled “What to Do When You’re Wrong,” Krugman explains why his intellectual opponents on Fed policy are not just wrong, but immoral. Here’s the summary of his case against them: Barry Ritholtz reminds us that we’ve just passed the third anniversary of the debasement-and-inflation letter — the one in which a who’s […]

Outsourcing My Krugman Kritiques

Believe it or not, I actually do not relay most of the Krugman critiques that people send my way. Very often they are of the form, “Krugman interprets X according to his Keynesian model, but that’s dumb, because really we should interpret it this other way…” I usually agree with such posts, but they won’t […]

A Policy Proposal That All Economic Schools of Thought Should Prefer to the Status Quo

[UPDATES in the middle and then at the end.] Once again, Nick Rowe has argued that according to the very model that Paul Krugman claims to be using–and I mean here, the full-blown model with intertemporal optimization, not the cruder IS/LM model that Krugman thinks gives surprisingly good policy recommendations, using the full-blown model as […]

Krugtron Confers His Invincibility to ObamaCare

Remember when healthcare.gov first launched, back on October 1, that Krugman wrote: 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 you need to […]

Nordhaus Not Even Warm in His Energy Sector Predictions

An excerpt from my latest IER post: Nordhaus’ terrible predictions about the energy sector in his 1973 paper have serious implications for present policy. William Nordhaus’ DICE model is one of three Integrated Assessment Models (IAMs) that the Obama Administration’s Working Group selected to estimate the “social cost of carbon.” This value in turn is […]