Krugman

Archive for Krugman

Krugman’s Baseline for Economy Back in 2009, Without Stimulus Package

We all know that Krugman has been saying “I told you so” ever since the Obama stimulus package didn’t usher in happy times. However, the naive outsider might get the sense that Krugman disagreed with the actual analysis conducted by Romer-Bernstein (with their infamous chart projected unemployment with and without the stimulus). Yet as I’m […]

Krugman: I’m So Right About Rick Perry, Even Data Supporting Perry Prove It

The funny thing about data-hound Paul Krugman is that I’ve often caught him presenting cold, hard facts that contradict what he is saying. Take the recent controversy over whether Rick Perry has presided (governed?) over an economic “miracle” in Texas. Krugman here and here presents versions of the following two charts, thinking he has refuted […]

Krugman and Space Aliens

Lots of people sending me this. Eh, I mean he’s really just trying to come up with a fanciful illustration of his (crazy) position. Technically he’s not calling for an alien invasion, he’s (at worst) calling for a hoax of an alien invasion.

Potpourri

* Aristos sends this video of a policeman telling people he’d pulled over that he should have executed them. It’s true that the offense (threatening to kill them) isn’t as bad as in plenty of other videos we’ve showcased, but this one makes the cut because the people are being fairly cooperative. (I.e. in the […]

Is Krugman Adding an Epicycle Regarding Debt Default?

In standard economic/financial analysis, without having libertarian views about government spending, I would think the standard answer would be, “If the US government defaults on its debt because of political squabbling, that is bad for the economy.” Just like, in standard analysis, government spending crowds out private spending, and government deficits raise interest rates. But […]

Are Government and Private Debt Different?

This idea has been zooming around the geeconosphere. Krugman et al. keep telling us, with eyes rolling, that the Republicans (and even that poor ol’ hoodwinked Obama) are nuts when they say things like, “In tough times when families are tightening their belts, the government should do the same.” Now this always troubled me, for […]

Market Prices Mean Something, When an Economist Agrees With Them

This is pretty funny. In the great debate over Bernanke, guys like Scott Sumner and Paul Krugman keep pointing at the bond market to show that guys like me are nuts for worrying about (price) inflation. My strongest comeback is to point at commodities, and in particular the price of gold. After all, surely S&K […]

Taking on the Confidence Fairy

In today’s article at Mises, I am so bold as to challenge Krugman’s analysis even from the point of view of Keynesian international trade. (That’s like Krugman telling me how bald guys should dress.) That part of the story is a bit complex, so I won’t reproduce it here. But on another note, I think […]