Krugman

Archive for Krugman

The U.S. Situation and Danny’s Song

So far everyone has been nonplussed by this.

I Have Found a Nobel Economist Calling Krugman’s Walmart Article Crankish

[UPDATE below.] Remember in his recent Walmart piece that Krugman wrote: Conservatives — with the backing, I have to admit, of many economists — normally argue that the market for labor is like the market for anything else. The law of supply and demand, they say, determines the level of wages, and the invisible hand […]

Krugman on Walmart and the Minimum Wage

He really outdid himself on this one, as I explain in my latest Mises CA post. An excerpt: [I]t is a very strange argument to say, as Krugman does, that since we observe Walmart raising wages voluntarily, that therefore having the government force other firms to do so involuntarily won’t cause any major problems. Look, […]

Paul Krugman, the Brian Williams of Economics Bloggers

I explain at Mises CA. The best part of the post is this meme I created:

Scott Sumner Busts Krugman

Scott Sumner has been lighting it up at EconLog in his running commentary against Keynesians, notably Paul Krugman. (The two most recent examples are here and here, but it goes back further.) Scott’s running theme here is that guys like Krugman picked the U.S. austerity episode as the hill to die on, and then when […]

Krugman: I’m Only Keynesian to Botch 1980s Inflation Call

This one was too easy. He made the same faux pas in 2012. Krugman says it’s a myth that Keynesians were surprised by the 1980s disinflation, when there is an infamous 1982 Council of Economic Advisors memo in which he did just that.

Using FRED Graphs to Evaluate Keynesian Model

My latest Mises CA post accuses Krugman of changing his narrative on the economy: For years, Paul Krugman has been warning that the inadequate fiscal stimulus package of early 2009, coupled with the disastrous spending cuts of the “sequester” package, were leading to a “postmodern recovery” and “jobless trap” for the millions of Americans locked […]

Tom Woods Confesses to His Listeners

There are a lot of things you will learn in this episode of the Tom Woods Show: (1) He is a good dad. (2) He is a workaholic. (3) “Contra Krugman” will launch in April. Let’s hope Krugman is still a Keynesian!