It seemed odd to me that Eliot “courtesans are for royalty, not plebs” Spitzer chose comptroller as his avenue back into politics. Paul Krugman, in probably the most Krugman column ever, opines that comptroller would give him a chance to tangle with the Wall Street fat cats. Of course, Krugman spent the previous column bashing “Libertarian populism” without ever mentioning that a core tenet of libertarian populism is breaking up the big banks and reigning … Read more
Tag Archive: paul krugman
Jon Stewart responds to Paul Krugman’s criticism:
I think this exchange perfectly illustrates the debate over the Magic Coin Trick. Krugman wanted to get into nuance and detail and talk about this like it was a classroom exercise without real world consequences. But the value of money is entirely arbitrary, determined … Read more
Recently, two more countries have felt the bite of Keynesianism. Today, the credit ratings agency Fitch downgraded Japan’s economy and the AP reported that the Argentinian economy is likely to decline sharply. While Japan and Argentina might be different kinds of economies
Read this. Then read this. The first is Paul Krugman praising Argentina’s “economic model” of plundering, theft and deception, claiming its performance has been comparable to Brazil’s. The second is Juan Carlos Hidalgo’s response pointing out that Krugman (1) uses Argentina’s official inflation numbers, which economic journals have stopped using because they are transparent lies; (2) starts his analysis two years after Argentina’s recession began; (3) compares Argentina with a relatively poorly-performing country … Read more
There were too many times when RP simply piled polemic points on top of each other and stopped making a sequential argument. He overrates the costs of inflation, including in the long term, and for a believer in the market finds it remarkably non-robust in
Krugman, that jackass that was given a Nobel prize in Eonomics for being a good old fashioned Keynesian idiot and the politics that permeate the entire Nobel prize process, is out with another doozy. This time it isn’t some economic idiocy, but him saying that Fake heroes like Bernie Kerik, Rudy Giuliani, and, yes, George W. Bush raced to cash in on the horror.
I am not surprised Krugman feels this way. I recall … Read more
No one ever went broke underestimating the inefficiencies of government, such as why the Law of Economy (Ockham’s razor) is never a factor when bureaucrats get together on the topic of economics. Sure, more money can be thrown at it, with more committee’s committed to it, and more studies called for employing even more people to analyze it, when the “it” involves something so complicated, so convoluted in scope that even approaching a modicum of … Read more
Yesterday, we joked on Twitter that Krugman would say that the earthquake wasn’t “big enough”. Sure enough, someone put up a fake Paul Krugman profile on Google+ making that argument. Krugman has distanced himself from the idea (although a number of his followers agreed with the comment). But let’s remember who we’re dealing with. Here is Krugman on September 14, 2001 arguing that 9/11 would simulate the economy, especially by eroding resistance to counter-cyclical spending. … Read more
Paul Krugman, a guy I have been saying for decades was a stupid leftist academic hack, has now come out with his latest solution to our fiscal problems, and it involves a massive defense buildup to fight aliens from space!
Shit can you imagine the LSM’s reaction if Palin had said something as dumb as this shit? But Krugman says he wants a massive military buildup and deficit spending to no end to fix … Read more
Well, the debt deal is out. And, as you might expect, so is the hysteria. Here’s Krugman:
For the deal itself, given the available information, is a disaster, and not just for President Obama and his party. It will damage an already depressed economy; it will probably make America’s long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a