Krugman

Archive for Krugman

Shocker! Perhaps the Debt Burden Is Really About Future Taxes…?

Yes I’m being saucy, but Daniel in the comments just wrote this: “I am more curious right now how to take Grant’s point that what changes things is the taxes, not the debt. It only hurts future generations when you change the financing scheme.” Everyone, let’s take a deep breath. Of course that’s what makes […]

Generations vs. GDP

Yes, I have much more to say on the debt debate, not least because Dean Baker chimed in on a previous post (linking to his latest). I am waiting for clarification on his attempt to ballpark the empirical significance of the Nick Rowe Effect, and once I’m sure what Baker is saying, I will either […]

A Challenge on the Great Debt Debate

Here’s a challenge I gave to Daniel Kuehn in his comments: ==> Do you agree that Krugman said there is a sense in which debt makes a household or a family poorer? But that he denied this truth for the individual family could be aggregated to the USA as a whole? ==> If you agree […]

Why Dean Baker and Paul Krugman Were Wrong on the Debt Burden for At Least 11 Months

By this point, those of you who have been reading Free Advice should understand exactly what Don Boudreaux and Nick Rowe were saying, when Dean Baker and then Paul Krugman last year first started up the Great Debt Debate. What is still extremely interesting to me personally, is how many economics bloggers have concluded that […]

Debt Burden: Old Murphy vs. Young Murphy

Just to warn you, kids, there are at least another 3 posts in me on this topic. But it’s all new stuff. It’s kind of like every time they came out with a new Matrix: It wasn’t nearly as exciting as the first one you viewed, but you had to keep watching to the bitter […]

A Post on Debt Burdens for Professional Economists

OK I gather that most people are moving on with their lives, so I’d better make this post now on everyone’s favorite question, “Does the government’s debt impose a burden on our grandchildren?” In this post, I want to explain why, as of Friday October 12, and after Nick Rowe went head-to-head against Brad DeLong, […]

Quick Clarification on the Great Debt Debate

My trip to NY has messed me up vis-a-vis my “day job” and so I can’t go nuts on the debt debate the way Nick Rowe is (here, here, here, and here). I hope later in the week to offer two more posts, one for the lay reader, and the other for professional economists. It […]

Potpourri

==> I finally give my thoughts on Krugman and the iPhone5. ==> I know this is “Dark Age of Macro” thinking according to Krugman et al., but I really liked this WSJ op ed on “the mess we’re in.” ==> The video of my recent participation in the discussion, “Is Capitalism Moral?” at IUPUI. If […]