Tag: Paul Krugman
Three Times Interventionists Moved the Goalposts, Part 1
Part 1 of 3 One of the most frustrating things in debate is when you decisively win the initial point of contention, only to have your opponent “move the goalpost” to a different claim. To be sure, this is a human failing, not unique to any particular political perspective. I’m sure I myself do...
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Krugman’s Bite on Dentistry Lacks Teeth
In July 2015, former Enron board member, New York Times columnist, and champion of ever more government control of health care, Professor Paul Krugman, wrote a disturbing blog entry: Wonkblog has a post inspired by the dentist who paid a lot of money to shoot Cecil the lion, asking why he—and dentists in general...
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Paul Krugman: “Space Aliens Could Save U.S. Economy”
As Dave Barry used to say, I’m not making this up. Deeply mired in the fatally flawed myth that World War II ended the Great Depression, Nobel Laureate Paul Krugman yesterday proposed that an invasion by space aliens would well provide the economic stimulus this country needs: As Dr. Robert Higgs has more than...
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The Economist on the Austrian School of Economics’ Relevance in Explaining the Current Crisis
A Buttonwood column in the new issue of The Economist, “Taking von Mises to pieces: Why is the Austrian explanation for the crisis so little discussed?,” discusses the enormous relevance of the Austrian School of economics, including the work of F.A. Hayek, Ludwig von Mises, and Lawrence White in explaining the current economic crisis....
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Paul Krugman’s “Solution” to the U.S. Deficit: Death Panels and VAT
In a roundtable discussion on the U.S. National Commission on Fiscal Responsibility and Reform (“Deficit Reduction Commission”), Nobel Prize laureate and hyper-Keynesian economist Paul Krugman came clean on his view on ABC’s “This Week with Christiane Amanpour,” regarding how to reduce the gigantic federal deficit that he has been so supportive in seeing created:...
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When Krugman Was Good
Relatively speaking, of course. It’s easy to forget that Paul Krugman was once a sensible thinker, at least in some areas. From a lengthy New Yorker profile: Krugman’s tribe was academic economists, and insofar as he paid any attention to people outside that tribe, his enemy was stupid pseudo-economists who didn’t understand what they...
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Not to Worry
It’s pointless if you make a fuss About Obama’s stimulus. The government’s determined, see, To rescue the economy. Paul Krugman’s here to point the way Toward a bright and shining day, When everyone will be employed And all consumers overjoyed. The Fed’s enormous loans will serve To calm the frightened banker’s nerves, And Congress...
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El Krug
It’s hard to name any fallacy of basic economic reasoning that Paul Krugman hasn’t committed in his columns. You may have missed this little gem from yesterday’s Times piece on the glory of fiscal stimulus: [W]rite off anyone who asserts that it’s always better to cut taxes than to increase government spending because taxpayers, not bureaucrats, are the...
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This Guy Could Do Standup!
I rarely read Paul Krugman’s column, but today I did, because an old friend sent the latest one to me. I gotta tell ya, Krugman could do standup! Really, he’s a riot. Most economists can pass for undertakers, but not this fellow. He’s truly funny. I know I should be kind to him, on...
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