Tag Archive: paul krugman

Asymmetric Arrogance

Over at Ezra Klein’s new venture, there is a fascinating piece about how politics make us stupid. Klein details experiments that show that both liberals and conservatives have a tendency to interpret facts so that they reinforce their own pre-existing biases. Or, more accurately, that people tend to interpret even objective scientific evidence in ways that support the ideas of their political tribe. It is worth your time.

Of course, the Left Wing never likes … Read more

What Spitzer Wants

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

Krugman v. Stewart

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

Argentina and Japan

Wasn’t it just like a week ago that Paul “Wrong Way” Krugman was praising Argentina? And wasn’t it this week that he gushed over Japan’s growth, stimulated by tsunami reconstruction?

Oops:

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

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The Deception of a Liberal

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

Paul vs. Paul

Ron Paul and Paul Krugman had a debate about economics (apologies for the link, which auto-plays). You can read Tyler Cowen’s commentary here. I agree with his final take:

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

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Leftist scumbag fails to see the irony of his own pronouncement

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

A Degree In Economics+ 1 Dollar= A Cup Of Coffee

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

Krugman Chugs Keynsian Kool-Aid

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

Can you imagine if a conservative or Tea Partier had said something like this?

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

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