Krugman

Archive for Krugman

Kalling All Keynesians

From my favorite Krugman blog post of all time: I’ve already pointed out the problems, both logical and empirical, with the claim that workers are unemployed because they have zero marginal product. But there are many more problems with the notion of a recession as a supply shock. A short sample: If inflation is a […]

I Can Die Now

Here. I am not even going to read this now. I feel like Winston when he gets his hands on the book that explains everything in 1984, and he only wants to sip it in small doses.

Krugman Winning Hearts and Minds

When Krugman finally debates me, reporters and innocent bystanders will be rooting for me. Not because they have studied Hayekian triangles, but because of posts like this: Jonathan Chait bemoans the wonk gap: One of the unusual and frustrating aspects of the health care debate is the sheer imbalance of people who understand the issue […]

I Was Wrong About Krugman

I said yesterday in this post that he would never pay Scott Sumner an explicit compliment. And then he (sort of) did today in this post, ripping Tyler Cowen and the Austrians. (Krugman is half right. You guess which half.) I will let Scott (or my readers) correct me, but I am pretty sure that […]

Krugman Sends Love Note to Sumner

These two need to get a room: I think I now understand the otherwise weird resurgence of paleomonetarism in the midst of a prolonged liquidity trap. It’s not really about analysis, it’s about morality. You see, if you’re the kind of person who views being taxed to pay for social insurance programs as tyranny, you’re […]

Doctor’s Orders

You know how when you were a purist, you couldn’t understand why Hollywood would ruin a perfectly great movie, by cranking out ever more variants of the same thing? Yet when you get older, you realize that as long as you can pull in more marginal revenue from yet another sequel, it makes sense.

Paul Krugman, Unfair Bully

In case people are confused, Paul Krugman drives me bananas not because he’s a Keynesian, but because he’s an unfair bully who mocks people on his blog. Look at this: 2. Paul Ryan requires that his staffers read Atlas Shrugged. I mean, I was inspired by Isaac Asimov, but I don’t think I’m Hari Seldon […]

Krugman In Support of the Hangover Theory?

I know, I know, I should stop trying to spot Krugman Kontradictions; the antinomies in his writing merely reflect my mortal mind’s attempt to absorb the infinite. Lately Krugman has been patting himself on the back for his skepticism about the viability of the euro. He finds it hilarious that two economists published a “duh, […]