Krugman

Archive for Krugman

Producer Price Update

According to today’s release, the seasonally-adjusted increase in finished goods for May was 0.2 percent. Nothing to get excited over. Even so, just for the record, the year-over-year change (i.e. May 2010 to May 2011) for the three categories is as follows: Finished goods: +7.3% Intermediate goods: +10.3% Crude goods: +22.8% The BLS report on […]

Murphy Takes on Another (Post) Keynesian

Remember when Galvatron says, “First [Optimus] Prime, then Ultra Magnus. And now, you. It’s a pity you Autobots die so easily, or I might have a sense of satisfaction now!” ? Yeah, I thought that was pretty sweet too. Anyway, I recently took on Dean Baker after our Congressional showdown. Then in the most recent […]

Nick Rowe on Forecasting Price Inflation

[2nd UPDATE in text.] [UPDATE below.] Nick Rowe has an intriguing post that pushed me over the edge to mention something that’s been bothering me for a few weeks now. (No, I’m not talking about the rash.) Here’s Rowe: You can’t test whether core inflation is a useful indicator for a central bank to look […]

Who Needs Advertising?

I am sure there are nuanced arguments for government intervention in the health care sector. Not that I would endorse them, but I’m sure they exist. However, Krugman approvingly quotes the following today on his blog, and I don’t think it qualifies: A medical technology company is going public to generate the money it needs […]

My Victory Over Krugman Is Complete

He endorses privatizing the military today at his blog. Clearly he has been reading my stuff. The truth is irresistible.

Our Continuing Slump

[UPDATE below.] What?! In this article I actually claim that the Austrians have held their own against the Keynesians when it comes to steering through the choppy waters of the housing boom and now bust. I imagine Daniel Kuehn and some of the other frequent commenters here will not agree. One thing that I didn’t […]

The End of QE2 and Interest Rates

Hmm another Krugman Kontradiction? Possibly, though if so, not as bad as some of the others I’ve documented. When (understandably) running a victory lap recently about his predictions on US interest rates compared to the deficit hawks, Krugman said that they came up with a bunch of ad hoc explanations after the fact, for why […]

Is Krugman a Keynesian?

I had toyed with the idea of mentioning that the day after I mentioned here that Austrians theory could explain a stock market crash better than the Keynesians, the stock market fell more than 2 percent. But I think some of my critics wouldn’t have realized I was being humorous, so I rejected the idea… […]