Tuscaloosa just needs to ‘believe in government’

In the aftermath of natural disasters, the standard Paul Krugman line is that only government can fix the problems, and that if one just “believes in government” with all one’s heart, soul, and mind, then things will go well. After Katrina, Krugman claimed that the reason that FEMA’s response to the disaster in New Orleans …wasn’t More...

by William L. Anderson | Published 3 years ago
By William L. Anderson On Monday, June 4th, 2012

The Amnesia Economist by Dr William Anderson

One of the supposed rules for New York Times columnists is that they not endorse candidates or be overly politically partisan in what they write. That is a howler, of course, as the entire newspaper is little more More...

By William L. Anderson On Tuesday, May 29th, 2012

Paranoia, Democrats, and the Speculators

Now that a Democrat is in the White House, I find it interesting that near-record gasoline prices somehow have nothing to do with Barack Obama. When gas prices four years ago went up under the Bush White House, More...

By William L. Anderson On Thursday, May 24th, 2012

Will inflation save Europe?

In a recent column, Paul Krugman says that Europe essentially is committing “economic suicide” with its various “austerity” programs, with the only thing that can save the Continent being More...

By William L. Anderson On Wednesday, May 23rd, 2012

State-administered medical care: not exactly a low-cost panacea

I have a lot of arguments with Keynesians, the first being that they are not really speaking of economics, per se, but rather concentrate upon the administration of state power. To a Keynesian, there are no real More...

By William L. Anderson On Tuesday, May 22nd, 2012

Bob Wenzel at the Fed

Bob Wenzel recently spoke at the New York Federal Reserve Bank and I include both his speech, which is a classic, and his remarks about the background of the speech. One thing I find interesting is that none of More...

By William L. Anderson On Monday, May 21st, 2012

Krugman’s ‘caste’ nonsense

Paul Krugman really does not seem to understand the effect of third-party payments, and he especially does not understand when it comes to the government and the cost of higher education. In a recent post, he implies More...

By William L. Anderson On Sunday, May 20th, 2012

Krugman: The USA should borrow and spend itself into prosperity

Paul Krugman is on the austerity kick again, and in part, he is right. The austerity measures that have been imposed upon Ireland and Greece by the European Union, are awful, and they are imposing a lot of suffering. There More...

By William L. Anderson On Thursday, May 17th, 2012

Natural Born (Economy) Killers

When it comes to the use of certain kinds of fuels, myths abound and especially myths created and nurtured by Progressives in academe, government, and the media. Given that Paul Krugman is a card-carrying Progressive, More...

By William L. Anderson On Wednesday, May 16th, 2012

Krugman, ‘National Greatness,’ and Boondoggles

Photo/politifake One of the mantras for the Neo-Conservatives has been “national greatness,” which means that America ought to be producing huge, expensive public works projects. (One gets the sense More...