Krugman

Archive for Krugman

Let Me Show Mercy

Josiah was cracking a joke, but he brought up something important: I really do not remember things that I wrote only a few years ago. So now I am amending my harsh view. When I see Krugman totally contradict some principle that he espoused in 2011 because now it hurts his political conclusion, I no […]

Awwwkward

In this post Paul Krugman is happy about the Greek vote. He writes: Tsipras and Syriza have won big in the referendum, strengthening their hand for whatever comes next. But they’re not the only winners: I would argue that Europe, and the European idea, just won big — at least in the sense of dodging […]

Krugman on 2013, Compared to 1937

This is a long post, but you need to get a cup of coffee and read it slowly. In particular, if we accept Krugman’s excuses for his botched 2013 calls, then he loses the Keynesian story about 1937.

Larry Summers Wants TPP Because of What It Represents

This is a bit freaky. Tyler Cowen points to Larry Summers who writes: The Senate’s rejection of President Woodrow Wilson’s commitment of the United States to the League of Nations was the greatest setback to U.S. global leadership of the last century. While not remotely as consequential, the votes in the House last week that, […]

Krugman and Yglesias Get Tough on Bankers–After It Doesn’t Matter

Matt Yglesias recently posed as brave battler of bank bailouts (referring to the case of Iceland), and Krugman high-fived him. Yglesias literally wrote an article titled, “In Praise of TARP.” Here’s an excerpt of my latest at Mises CA: It’s ironic that they now strike this pose, given their behavior since 2008. There was a […]

Tom Woods and I Discuss Krugman’s Flawless Model

Everything you need is here.

My Response to David R. Henderson’s Proposed Bet on the Stock Market

Over at EconLog, in response to my recent post here, David writes (with my minor formatting changes): I propose to Bob the following bet: ==> “I bet that by May 27, 2020, the S&P 500, adjusted for inflation measured by the CPI, will not be more than 10% lower than it was on May 27, […]

The Failure of Krugman’s Empirical Model

My latest at FEE. Here’s the opening: One of the running themes throughout Paul Krugman’s public commentary since 2009 is that his Keynesian model — specifically, the old IS-LM framework — has done “spectacularly well” in predicting the major trends in the economy. Krugman actually claimed at one point that he and his allies had […]