Krugman

Archive for Krugman

Did Matt Yglesias Just Refute Keynes and Krugman?

It used to be the case that after a natural disaster, we could expect the following: 1) Pundits and even some economists would say that despite the human tragedy, the silver lining was that the disaster would be “good for the economy.” Then, due to the efforts of Henry Hazlitt, it used to be the […]

Krugman Has Trouble Parsing Robert Samuelson

This is really astounding, even for Krugman. If you have 10 minutes, and you’re the kind of person who loves to see Krugman executing a mob hit on an ideological opponent, then first read Krugman discussing Robert Samuelson’s piece on government job creation. Based on Krugman’s commentary, imagine what you think Samuelson’s actual article must […]

Keynesians Believe In Confidence Fairy–Provided He’s a Democrat

Christina Romer apparently doesn’t keep tabs on Krugman’s blog. She often refers to the jump in GDP after the election of FDR as a sign that stimulus spending works–even though Krugman has, on at least two separate occasions, specifically used this “hypothetical” argument to show how silly right-wingers are, for gauging recessionary policies relative to […]

Let’s Delve a Little Deeper Into Krugman’s Newfound Respect for Liquidity Trap Economics in Japan

Krugman often tells of how he is a true scientist because he didn’t believe in the liquidity trap, until faced with the problem of Japan in the 1990s. Then he realized that unconventional monetary policy–the promise to be irresponsible in the future–was something the Bank of Japan could do. All of this serves as a […]

If You Could Ask Krugman Anything…

UPDATE: Video below! Kojo Prah writes me: Bob, I’m a student at Texas Tech University and I recently found out Paul Krugman will be giving a speech about the economic crisis with a Q&A at the end tomorrow the 25th. So I was wondering what question you would, if you were here, ask him. I […]

Illustration: Today’s Generation Eating More at Expense of Next 65 Descendants

[UPDATE below.] OK kids get a cup of coffee and study this thing: I spent a decent amount of time making sure the above works. I confess I didn’t actually fill in the whole table; I just did the beginning, then skipped to the end and worked backwards. But I’m pretty sure I could fill […]

Krugman Sees No Ponzi Scheme Here

Wow, Paul Krugman’s recent post on bubbles, fiat money, Ponzi schemes, and goldbug delusions could literally feed a man. It is amazing that Krugman can write: It’s true that Social Security is mainly a system in which each generation pays for the previous generation’s retirement, in the expectation that it will receive the same treatment […]

Debt Burdens: How Deep the Rabbit Hole Goes

You guys aren’t going to believe it, but I have had another epiphany. The debt and future generations issue is like this: At first I was deeply troubled, because I realized that I had said at least two false things in my arguments with Ken B. today, and that I had unfairly dismissed a point […]