Krugman

Archive for Krugman

Krugman on the 1920s: A One-Act Play

TOM WOODS & BOB MURPHY: The Keynesians are all wet when they distill their “lessons from the Great Depression” and recommend bigger deficits and looser money for today’s crisis. After World War I, the U.S. government had run up a massive debt, and yr/yr consumer price inflation was higher than 20%. In this grim situation, […]

Gary North, King of the Internet

Gary North has written two great articles, one that I like because it’s about the Krugman debate, and the other that I like because it’s objectively great. Here’s North telling Krugman that he (Krugman) shouldn’t debate me: I strongly recommend that Krugman not accept the challenge. I think he is a rational man, so I […]

Does Anyone Deny That There Were Unprecedented Credit Stimulus Policies During Hoover Administration?

Here’s something I want to pin down. In my book on the Great Depression, I quote Lionel Robbins saying (I think in 1934) that central banks around the world had tried unprecedented measures to stimulate a recovery through cheap credit, and that this was a complete reversal of traditional central bank doctrine. Then Daniel Kuehn […]

Potpourri

I’m almost giddy for tonight’s Potpourri. I don’t know if I’m in a good mood and see the creativity and courage out there in the blogosphere, or if my blogging peers are all having a good week. In any event, here goes: ==> Paul Krugman recently wrote that the US was doing pretty good during […]

Old News: Murphy vs. Karl Smith

I just sent this to someone over email, to make sure he realized that I’m not a complete nutjob. If I ever debate Krugman, I will probably not make it shirts and skins. Anyway, this was the online debate the Mises Academy hosted between Karl Smith (of Modeled Behavior) and me.

The Fatal Conceit

[UPDATE below.] The title of this post refers, of course, to Hayek’s warning about really smart guys thinking they understand a complex system well enough to start tinkering with it. Nick Rowe has had the generosity (and intrepidity) to hang out in the comments of my post criticizing his optimism over QE3. He told me […]

Nick Rowe Is Going to Excommunicate Me

Wow. I have been immersing myself in the monetary economics blogosphere discussions, and I don’t likes what I sees. In this post I’ll talk about Nick Rowe, whom you may recall I previously dubbed a kung fu master. As with Scott Sumner, so too with Nick: I want to preface this post by saying he’s […]

Tom Woods Keeps Krugman’s Feet to the Fire

Tom Woods has posted another video, this one on Krugman’s rhetorical questions about Austrians and MMMF: A few points: ==> I totally forgot to be snarky about this, but Tom’s video reminded me: I thought Krugman said he wouldn’t debate me, because he didn’t want to give a platform to Austrian views? So now we […]