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Two Men Enter, One Man Leaves: Murphy vs. Rosnick on Social Security
Another Public Square debate for you. (Here’s my lead-off essay, and then you can click through to the others from there.) If you ever wanted to read four essays on whether we should count the trust fund as legitimate–and still not have an answer at the end–then this debate is for you. My favorite exchange: […]
Read moreA Suggestion to Readers Who Actually Have PhDs
C’mon, admit it–for a lot of you, reading Free Advice is your guilty pleasure, sort of like listening to Abba. I don’t have the time to do this carefully, because I actually don’t have guaranteed checks every month. (And I certainly don’t get summers off.) So here’s my suggestion. You can feel free to run […]
Read moreKrugman Has Booted the Hackers From His Blog Account
[UPDATE below.] OK I finally figured it out: Hackers must have left the CRU scene of the crime, and had temporarily gotten control of Krugman’s NYT blog account. But now things are back to normal. Today Krugman writes: So here’s where we are: China has done nothing to change its policy of massive currency manipulation, […]
Read moreA Krugman Kontradiction?
In which the author does his best impersonation of Scott Sumner… I am really really trying to understand Krugman on his recent jihad against fiscal austerity proponents. (See this for example, when Krugman begins eating his own. His point is, “Hey, I’m not being partisan, I’m saying everyone is dumber than me.”) Of course as […]
Read moreBloomberg Writer Blasts British Keynesianism
This is a pretty uppity article by Matthew Lynn on Bloomberg (HT2 Jeff Tucker): The U.K. has been in Keynes overdrive for the past 18 months. The budget deficit is already more than 12 percent of gross domestic product, on a par with Greece. And while the Greeks are cutting spending, the British deficit is […]
Read moreSometimes You Have to Salute Krugman’s Audacity (or Maybe Just Sloppiness)
This guy is really something else. In this post, Krugman matter of factly said that he had predicted the housing bubble, in contrast to Bernanke. Apparently some people demanded that Krugman give examples of where exactly he warned that housing prices were too high, because in a subsequent post Krugman wrote: 3. Some commenters ask […]
Read moreCNBC Doesn’t Anger Me on Inflation Report
They didn’t say, “Inflation is back! Ru-u-u-un!” but they at least didn’t say anything aggravating like, “Inflation pressures remain modest.” Here’s CNBC terse discussion: U.S. Consumer Prices Rose 0.4% in Nov., Deficit Widens U.S. consumer prices rose in line with expectations in November on a surge in energy costs, but prices were flat, excluding food […]
Read moreCan Somebody Tell Me What Happened in Ecuador?
From Krugman, who is quoting from here: In January 2009 Ecuador announced a series of stiff import restrictions on 630 tariff lines, affecting 8.7 percent of its ‘tariff universe’ and 23 percent of the volume of imports. Duties were raised on 369 tariff lines and quota restrictions imposed on 271 others for a one-year period. […]
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