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 are some things that Krugman is not saying, however, and I think they bear mentioning. First, we forget that the banks in Europe, More...
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...
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...
Krugman: More inflation and higher taxes will end the depression
In recent months, Paul Krugman has become an out-and-out cheerleader for inflation, claiming that throwing out more dollars somehow will revive the economy because people will quickly spend their depreciating money More...
John Stossel on liberty and private enterprise
Because I have a very busy schedule over the next two weeks, my posting will be spotty and I will depend upon others to do my writing for me. John Stossel provides a very good article on why private enterprise always More...
Krugman, College, and the Higher Education Bubble
Paul Krugman claims (implausibly) that he was the first (or one of the first) economists to point out that the hot housing market really was a financial bubble. Of course, Krugman two years earlier had claimed that More...
Heading for double-digit inflation?
Whenever someone mentions inflation, Paul Krugman is all over the statement, trotting out the CPI which shows relatively low overall price increases at about three percent. (He holds this as “proof” More...
More economic illiteracy from the NY Times
Paul Krugman seems to be in a bi-partisan spirit in his latest column, claiming that Mitt Romney is a “closet Keynesian,” and he may be right. I’m not sure that Romney is a closet anything other More...
Sean Rosenthal on Krugman’s claim on British “austerity”
On a number of occasions, Paul Krugman has claimed that “austerity” measures are hurting the British economy and should be ended immediately in favor of more spending. Sean Rosenthal demonstratesthat More...
Will Krugman join the Democrats’ “It’s the speculators!” chorus?
One of my main contentions with Paul Krugman is that I don’t believe the man understands even the basics of Price Theory. Yes, I am sure he can dazzle anyone with mathematical models on the subject, but nonetheless More...
