Krugman

Archive for Krugman

Paul Krugman, Pet of Big Government

That’s my latest post at the IER blog, in response to Krugman’s shrugging off of the Solyndra scandal. An excerpt: To repeat, the Solyndra scandal is not simply a matter of the federal government wasting money on bad business ideas—the government does that all the time. Rather, Solyndra is “special” because the government managed to […]

A Qualified Defense of Don Boudreaux

I don’t know Don Boudreaux personally, and to be honest I wonder why he writes so many letters to the editor. But I want to give a qualified defense of him, because lately our friendly neighborhood Keynesians have been calling foul (e.g. here and here). I’m not defending the tone of Boudreaux’s stuff; of course […]

Maybe Krugman Isn’t Taking Sumner to the Prom After All

This is like watching Sam and Diane on the old Cheers. One day it’s Krugman, Sumner, and Milton Friedman versus the world, the next it’s this (HT2 a reader whose email I just lost): Nor does focusing on nominal GDP instead of M2 or whatever really bridge the gap. The point about M2-based monetarism was […]

Did I Ever Predict Hyperinflation?

[Ironic UPDATE below.] One of the standard criticisms of guys like Peter Schiff (and lesser mortals such as me) is that we’ve been falsely calling for hyperinflation for a few years now. For example, Krugman repeatedly rips Schiff on this score, and links people to a Google search of “Peter Schiff hyperinflation 2009.” (Incidentally, I […]

Krugman on Gold: I Am Clairvoyant

This almost freaks me out. The handful of people who regularly tune into my Saturday “office hours” for Mises Academy classes can verify this: It was literally just last weekend when I said something like, “I mean, if it weren’t for gold prices, I might be really concerned about my worldview here. It does trouble […]

Krugman Has Been Onto Us For Years

Here is a Slate article from way back in 1996. I didn’t think he could find Austria on a map back then. In an article trying to explain the persistence of supply-side economics, Krugman wrote: The appeal to the intellectually insecure is also more important than it might seem. Because economics touches so much of […]

Ozone, Krugman, and Landsburg

The White House recently backed off a proposal to tighten ozone regulations. (The proposal was really absurd. It would have required possibly 0.06 ppm, or 60 parts per billion–the equivalent of less than a cup of water in an Olympic-sized swimming pool. The EPA itself said that up to 96 percent of the monitored counties […]

Talk About Chutzpah

So Steve Landsburg totally busted Paul Krugman’s bogus critique of Eric Cantor. Specifically, in order to show that Cantor’s insistence that any disaster spending be offset by other cuts violated “basic economics,” Krugman had to initially assume that government fiscal policy was optimal. Neither Krugman nor Cantor thinks that. It is a bit like saying, […]