Krugman

Archive for Krugman

Two Genuine Krugman Kuestions

Normally I think I have a handle on the mind of Paul Krugman. People often send me alleged “Krugman Kontradictions,” and while I admire their zeal, I have to tell the eager correspondents, “Nah, I know exactly how Krugman’s fans would reconcile those two positions.” But I am genuinely puzzled by two recent Krugman posts. […]

Keynes Hearts Saving?

John Papola, creator (with Russ Roberts) of the Hayek-Keynes rap videos and the latest Christmas video, is perplexed that he is getting push-back from people saying he’s setting up a strawman by implying that Keynesianism promotes the idea that consumption drives the economy. John sent me an email with a quote from the General Theory […]

IMF OK With Capital Controls, Inflationists Shrug

Bloomberg: The International Monetary Fund endorsed nations’ use of capital controls in certain circumstances, making official a shift, which has been in the works for three years, that will guide the fund’s advice. In a reversal of its historic support for unrestricted flows of money across borders, the Washington-based IMF said controls can be useful […]

One More on Epistemic Closure and Conservatives

Last post on this and I will move on to greener pastures… There are two remaining ironies I would like to point out, in Krugman’s high-fiving of Bruce Bartlett for being so open-minded in his denunciation of those close-minded conservatives. (BTW a funny and apropos aside: I pass the Scott Sumner Turing Test.) (1) Look […]

Scott Sumner Devastates Paul Krugman on the Liquidity Trap

[UPDATE below.] Whoa, Bob Wenzel tipped me off to this one… Sumner absolutely destroys Krugman in this post. (Also, I have street cred for making such a call–when Scott ignored Krugman’s writings on Japan in order to score a blog point, I called a foul.) I had never seen these passages that Scott dug up […]

Epistemic Closure: The Pot Calling the Kettle Krugman

Paul Krugman November 30, 2012: I gather that philosophers are upset over the use of the term “epistemic closure” to refer to the closing of the movement conservative mind – that’s not what they mean by the term. Never mind: that’s the term everyone is using. And recent reports are a reminder of just how […]

Paul Krugman Boosts LMR Circulation

Wow, just when Carlos and I interview Peter Schiff in the November Lara-Murphy Report, Krugman rips into him here: Some readers may recall the “Peter Schiff was right” campaign of 2009, a sort of public-relations blitz claiming that Schiff, an Austrian-oriented commentator, had foreseen everything correctly. It wasn’t really true even then… What the heck?! […]

We Already Went Over the Fiscal Cliff

My latest article at The American Conservative. Some excerpts: The hemming and hawing over the looming “fiscal cliff” is akin to passengers fighting over who gets to sit in the first class seats in a jumbo jet that just ran out of fuel. The U.S. government already sent the country over the cliff years ago; […]