Krugman

Archive for Krugman

Murphy, Former Disciple of Abba Lerner

I think I’ve got this debt stuff resolved, after spending about a week on an intellectual odyssey. This is truly one of the biggest shifts in my thinking on something that I thought I had down pat, in my life. First, let’s go to Nick Rowe’s taxonomy of the various positions one could hold on […]

Breaking News…Murphy Surges in the Geeconosphere

The evangelical blogger from Nashville is surprising everyone by surging in the discussions of government debt. I don’t have time to write it up right now–got my mind on my money and my money on my mind–but check out the comments in this Landsburg post to see me on the cusp of solving this. I […]

Potpourri

I’m still buried with “day job” work, but at this point I have so many tabs on my Firefox browser that it’s slowing me down. So this post is an investment in my future productivity, see. * Glenn Greenwald once again delivers a very fair assessment of the political culture. It’s really impressive that GG […]

European Bond Bask

Krugman is at it again, arguing that the (now visible) bond vigilantes who are attacking Europe aren’t doing so because of excessive government borrowing. Rather than this being about too much debt, it’s about governments not being able to borrow in their own currency. So I have two questions: (1) For people who think this […]

Death and Toxics: Krugman’s Botched Commentary on Mercury

Those who already think Krugman is slippery may nonetheless be astounded at what happened in this episode. To be clear, I don’t think Krugman consciously distorted anything here. As I said to my colleague on this, Krugman is usually pretty good at writing something totally misleading but technically defensible. Here, because he trusted a Grist […]

The Rumors of Irish Austerity Are Greatly Exaggerated

A certain Nobel laureate has been pounding the drums lately (e.g. here), pointing out that the awful euro economies prove just how bad fiscal austerity is. In particular, the case of Ireland shows that–as our Keynesian friends like to put it–“contractionary policy is contractionary.” Now in fairness, for all I know maybe lots of people […]

Let’s Name the New Planet Krugmanus

Krugman routinely mocks those who rely on austerity for European countries, which (he claims) involves growth through exports. To take a recent example from December 9: European stocks are up today, and I have no idea why. I’m with Felix Salmon — this looks like a disastrous meeting. More austerity, more posing of the crisis, […]

Heads Krugman Wins, Tails Hard Money Loses

I really am swamped with my “day job” for the next month or so, meaning blogging will be sparse. But at this point, I think someone needs to write Portrait of the Artist as a Keynesian Man. In this post, Krugman shows just how many degrees of freedom he has to work with: Some readers […]