Krugman

Archive for Krugman

Yes Gene, Keynesians Do Focus on Consumption More Than Investment

Gene Callahan is mystified: So, I’m teaching Keynesian economics for the second time. And once again, I’m telling my students that, per Keynesians, recessions occur when intended investment falls short of savings. And the best way to fix this, per Keynesians, is for the government to invest in roads, bridges, parks, education, etc. I’m fine […]

Scott Sumner Calls My Bluff on Krugman

Look, if Sumner wants to boast that he knows more about Fed history, or more about ordering in a hibachi restaurant, or more about Swedish apartments, I won’t bat an eye. But in this post (HT2 Daniel Kuehn) he tried to make fun of Krugman…that’s my job. Look at Sumner’s swipe at Keynesians (and he […]

DeLong Plugs Chink in Krugman’s Armor on Treasury Crash

You may recall that Krugman recently argued that an attack by the “invisible bond vigilantes” (the opposite of the confidence fairy, for those keeping track) would actually be good for the US economy, because it would weaken the USD and thus boost Aggregate Demand. I pointed out the problem with in normal English here. But […]

Krugman Has the Conscience of a Liberal So He Can Print the N-Word

You know how I thought it was funny that Krugman was criticizing Wall Street types for voting for a guy who would let them keep more of their money? And then I used an analogy to Medicare recipients to show how ridiculous Krugman’s rhetoric was? Well just to make sure, he himself confirmed today that […]

No Dr. Krugman, a Treasury Crash Would Be Bad for the US Economy

This is my article today at The American Conservative. Let me just quote what Krugman is saying, to entice you to read my response. There’s a bit of a plot twist in the article, so I don’t want to spoil the fun by quoting it here. Anyway here’s Krugman: [Krugman writing:] We know what a […]

Tom Woods Takes Chicago By Storm

I have never heard Tom get as giddy about liberty as he does about Jethro Tull in the beginning of this clip: Also Tom has some very nice remarks about the Murphy-Krugman Debate midway through. If you’ve never heard Tom talk about his naughty teen years, you might want to watch this one. He broke […]

Dr. Freud, Dr. Krugman. Dr. Krugman, Dr. Freud

Earlier today I was fascinated by the blatant contradiction in this post from Krugman: There are many lists now circulating of the biggest winners and losers from the election; oddly, however, none of the lists I’ve seen mentions just how bad this result is for Wall Street’s Masters of the Universe. The story, as you […]

Krugman Explains That a Bogus Alien Invasion Would End Recession in 18 Months

Sometimes I wonder about the fate of the Austro-libertarian movement. In what I thought would be such a crystal clear post that even Matt Yglesias would personally call and apologize, I made the case that anyone who thought a bogus alien invasion would be better than the status quo, would also think a suitable hurricane […]