Krugman

Archive for Krugman

Potpourri

==> I think President Obama should read from this website in celebration of Columbus Day, in order to win over Sean Hannity. ==> My favoriet go-to guy for climate science is Chip Knappenberger. Here’s his archive at Cato. In particular, y’all should be aware of the skullduggery in the latest IPCC report (AR5), in which […]

Krazy Krugman Kalls

This is mostly bookkeeping for myself, if and when the Krugman Debate happens. I’m noting the best botched predictions (that I hadn’t previously known) that Niall Ferguson had found in his 3-part series. Krugman likes to pride himself on having noted the housing bubble well before most others. Now what’s odd is that Krugman gave […]

Krugman on America Becoming Greece: “Show Me the Model!”

Professor Paul Krugman, scientist, has patiently been showing with his formal analysis that it’s literally impossible for a country with most of its debt denominated in its own fiat currency, to have a Greece-like catastrophe, at least while it’s stuck in a liquidity trap. If anything, a loss of investor confidence would help such an […]

Niall Ferguson’s 3-Part Critique of Krugman

I think Ferguson misses the mark on a lot of these, but there were 3 or 4 gems in here that I hadn’t known about. (I’ll blog them separately so as not to lose track of them.) Anywhere, here are the links: Part 1 Part 2 Part 3 My favorite paragraph of the series, from […]

Two Views on the HealthCare Exchanges

CBS News has a story on the ObamaCare website, with the bold from me: Healthcare.gov launched more than a week ago, and while millions of Americans have signed into the site, not many have been able to actually sign up for insurance because of glitches with the website. … No one knows how many people […]

Tyler Cowen on Treasury Default

This is my favorite Tyler post of all time, with the only possible exception being his unwitting out-of-sample defense of Austrian business cycle theory. First, Tyler uses his extraordinarily powerful mind to concoct a scenario in which the economy collapses from the debt standoff: As the evening of October 16th approaches, John Boehner is preparing […]

Resolving (Sort of) Krugman on Bond Vigilantes and Debt Default

OK so for the last month or so I’ve been asking: How can Paul Krugman have been arguing repeatedly that an attack by the “bond vigilantes” (because they’re worried about high levels of a government’s debt) be “expansionary” and hence good for an economy currently stuck in a liquidity trap, while at the same time […]

US Government Starting to Face a Cash Crunch

This Neil Irwin post is pretty good (I think I got this from Alex Tabarrok on Twitter): [I]n the…market for Treasury bills, things are starting to get scary. These are short-term IOU’s of the U.S. government, bills issued for 30, 60 or 90 days. They enable Uncle Sam to manage cash flow much the way […]