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...
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: 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...
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...
Will inflation save the European economy?
In his latest column, Paul Krugman believes that he has the answer to saving the European economy from disaster. The solution? In a word, inflation. Yes, if the European Central Bank will show the “courage” More...
Stereotypes and Interpersonal Utility Comparisons: This is economics?
One of my criticisms of Paul Krugman is that he really has abandoned economics while claiming that he is analyzing things from an economic point of view, and he does it again in his latest NYT column. First, he More...
