Krugman

Archive for Krugman

Krugman Bask on Bond Vigilantes

Krugman today yet again gives IS-LM all the credit for leading to his good predictions on interest rates. (I’m not being sarcastic; Krugman publicly was saying interest rates wouldn’t spike, when others were.) But I would like someone to show me where Krugman has actually used the IS-LM model to explain two different things: (A) […]

Aggregate Demanders Once Again Hit Below the Belt

In the same spirit as Scott Sumner’s “if we eventually get high inflation, it will probably be due to tight money over the past few years,” I must also call the referee’s attention to this throwaway line from Krugman. After reminding readers that the Obama stimulus was in no way a “test” of actual Keynesian […]

Krugman Accounting Bask

I’m being serious in this post (for once), I want someone to explain exactly where Krugman is coming from when he writes: [Martin Wolf is] reacting to Cameron’s statement, semi-withdrawn but not really, that what Britain needs is for everyone to pay down debt, said in obvious obliviousness to the fact that if everyone cuts […]

The Fairest Keynesian in the Land

When I look upon my mirror and ask it to name me the fairest Keynesian in the land, he says Mecha Lekka Hi Mecha Hiney Ho. But when prompted again, he says it’s Karl Smith. For example, in a recent post Karl put a picture of Ron Paul’s End the Fed and then said this: […]

The Most Klassic Krugman Kontradiction of All Time

This actually made me get up and pace around the office for a minute. I had to let it sink in, it was so delicious. First, the context: People have the long knives out for Russ Roberts, who had disputed the evidence that Krugman had given for a Keynesian worldview, and then Russ Roberts concluded: […]

Sumner Plugs the Last Chink In His Inflationist Armor

I know many of you are probably getting sick of my obsession with econo-blogger Scott Sumner, but he is really something else. In previous posts I have shown that Sumner has explicitly declared that even if his policies lead to nothing but rising price inflation, he will have no regrets. Yesterday he made his views […]

A Tale of Two Krugmans

On Sunday Paul Krugman wanted to nip in the bud the small-government fantasy that the way to deal with reckless bankers is to stop bailing them out: One line I’ve been seeing in various places, including comments here, is the claim that the real way to deal with Wall Street is laissez-faire economics: no more […]

Boehner Boom Baby?

When he’s not trying to be the Moment of Zen clip on the next episode of the Daily Show, University of Rochester economist Steve Landsburg showers some love on Paul Krugman. After quoting Krugman saying: Here’s a question I haven’t seen asked: If fear of future regulations and taxes is holding business back, as everyone […]