Krugman

Archive for Krugman

Krugman Debate Update

Well, I adopted a laissez-faire approach to see if this problem would magically cure itself, but alas, it looks like it’s here to stay. With no notice, the entire site ThePoint.com went defunct. This was the third-party host of the pledges for my debate challenge to Paul Krugman. In the grand scheme, this actually isn’t […]

Krugman Joins the Club

Back on June 29, Krugman had a post called “The Always-Wrong Club,” which covered familiar ground for our hero: Aha. Floyd Norris reminds us of the 23-economist letter from 2010, warning of dire consequences — “currency debasement and inflation” — from quantitative easing. The signatories are kind of a who’s who of wrongness, ranging from […]

Krugman Is Very Influential–Except When It Comes to Economic Policy

Way way way back on July 3, Krugman wrote a post with the sarcastic title “Nobody Pays Any Attention to What I Say.” Here’s the gist of it: Or that’s what people keep telling me. Actually, one of the odd but revealing things about modern conservatives is the way they alternate between paranoia about the […]

One Last Volley on the Keynesian Cross

Somebody emailed me the relevant section from Krugman/Wells on this stuff. Unfortunately it’s not a smoking gun; both sides will see what they want to see. Krugman walks through the original Keynesian logic of using the MPC to derive “the” multiplier (with math, not geometry). So someone who wants to bust him, would just look […]

Klever Krugman Responds to Landsburg’s Klaimed Karicature

No doubt inspired by my trademarked “Krugman Kontradiction,” my favorite blogger has a response to Landsburg entitled “Karicature Keynesianism.” It is quite clever; let me show you why. Krugman writes: [L]et me note that Landsburg’s latest unfortunate intervention follows a well-trodden path: that of starting from the proposition that Keynesians are themselves really, really stupid […]

It’s Easy to Be Right When You Don’t Admit You Were Wrong

I’m going to be laying into my two favorite bloggers–Paul Krugman and Scott Sumner–for their slippery handling of the recent rise in Treasury yields. As I’ve said several times on this blog, I think Krugman and Scott do this a lot (Krugman is more annoying about it); it’s just that this is a particularly obvious […]

Common Sense vs. Scott Sumner

I am at Porcfest–lots of video forthcoming–so perhaps I’m missing nuances here, but my understanding is: (1) The Fed announced it would scale back its purchases of Treasuries and other assets (depending on the situation) in such a way, as to make the markets think that the Fed was going to tighten sooner than previously […]

Landsburg Calls Out Latest Krugman Smear

I was starting to get mildly annoyed at Steve Landsburg, because he’s been very infrequently posting on his blog lately, and when he does, it’s math riddles, rather than economic analysis. But all is forgiven because in his latest two posts (here and here) Steve defends Heritage Foundation scholar Salim Furth–whom Steve apparently knew at […]