Tag Archives

Archive of posts published in the tag: Paul Krugman

A Dangerous Moment in History

from Kevin Williamson at National Review, From Americans to Americans  This is a dangerous moment in our history, about which we ought to be honest. President Donald Trump is an irresponsible demagogue who ought never have been elected to the office…

Read More

Obscuring Intellectual Failure

Don Boudreaux at Cafe Hayek quotes from Deirdre McCloskey’s outstanding Bourgeois Equality in his Bonus Quotation of the Day: Members of the left clerisy, such as Tony Judt or Paul Krugman or Thomas Piketty, who are quite sure that they…

Read More

‘Other Stuff’

from Cafe Hayek, Krugman and Other Stuff by Russ Roberts. When it’s convenient, Krugman ignores the “other stuff.” (We all do.) So according to Krugman, the economy of Kansas is struggling because the governor cut taxes. One variable explains everything. We can…

Read More

Why Government is not the Answer

University of Chicago economist John Cochrane has written one of the most unique and insightful perspectives on inequality in his blog, The Grumpy Economist.  Read Why and how we care about inequality in its entirety.  It is about 6 pages long. excerpts:…

Read More

Trickle Down Behaviorism

University of Chicago economist John Cochrane has written one of the most unique and insightful perspectives on inequality in his blog, The Grumpy Economist.  Read Why and how we care about inequality in its entirety.  It is about 6 pages long. excerpts:…

Read More

Cherry Picking Reality

from What’s The Matter With Paul Krugman? by Steve Moore in The Investor’s Business Daily Excerpts: Krugman resorts to a line of argumentation that is all too typical of liberals: Cherry-picking a few events — the occasional high-tax state that…

Read More

Inequality is a demographic not an economic problem

from Mark Perry at Carpe Diem, Sorry Krugman, Piketty and Stiglitz: Income inequality for individual Americans has been flat for more than 50 years MP: This is a very important finding that: a) individual income inequality has been flat for more…

Read More

Virtue and Keynesian Policy

In a Charlie Munger interview he discusses the necessity of social virtue for Keynesian policies to work.  Societies like ours, the Germans, or the Japanese have the virtues required for Keynesian stimulus to work.  Greece on the other hand lacked…

Read More

The Value of Simple Policy

from Kevin Wilson in The National Review, The Mapmaker’s Dilemma Excerpt: “The economy” is an abstraction, a way of talking about billions and billions of discrete activities and transactions that are too complex and fast-moving to be aggregated into something…

Read More

The Great Error of Keynesian Economists

“Or is all that just pie in the sky? Economists are usually pessimists. They believe in the intractability of existing conditions, whether the inflation of the 1970s or the deficits of today. But here again, a glance at history is…

Read More

Hiding Fraud and Corruption Behind Racism

From Walter Russel Mead at The American Interest, Note to Paul Krugman: It Took More Than Markets to Ruin Detroit: Krugman is right that Detroit is essentially Ground Zero of the disruptive changes wrought by an economy in transition. But…

Read More

Krugman’s Selective Nostalgia

In The New York Times, Nobel prize winner Paul Krugman writes theTwinkie Manifesto, 11/18/12. In the article Krugman noted how we had strong economic growth in the 1950’s even with much higher tax rates and much stronger trade unions. But…

Read More

Kennedy Vs Krugman

 In The New York Times, Nobel prize winning fool (a growing breed) Paul Krugman writes the Twinkie Manifesto, 11/18/12. In the article Krugman suggests we return to the tax rates of the 1950 when the highest bracket was 91% and…

Read More

Juvenile Partisanship as Analysis

Economist John Cochrane writes in his worthy blog, The Grumpy Economist, Good Comments, 5/30/12. Excerpt: Economic analysis is more believable when it is non-partisan. I like commentators who make an effort to find silliness (and there is plenty of it)…

Read More

Economic Nostalgia

Some commentators have expressed a nostalgia for aspects of the economic world of the 1950s, as Paul Krugman suggested in his book The Conscience of a Liberal.  I can understand the sentiment, since the 1950s brught a lot of growth,…

Read More

Which Rich?

It is just when you hear the words that “this is not a war on the wealthy” that you can expect exactly that. During the Clinton years they put a cap on the wages of corporate executives. Only the first…

Read More

In Need of Fresh Ideas

I find books like Tyler Cowen’s The Great Stagnation to be refreshing and valuable not because they are right or wrong but because they offer a different perspective that what we are commonly fed. Much of our policy from both…

Read More

Only a Footnote

In a 2004 article in the Nation, … Paul Krugman wrote that “According to estimates by the economists Thomas Piketty and Emmanuel Saez- confirmed by data from the Congressional Budget Office- between 1973 and 2000 the average real income of…

Read More

An Educated Lack of Vision

One of the reasons I am skeptical of global warming/ climate change apocalyptic scenarios is  that throughout history such predictions have almost always proven wrong. Thomas Malthus (1766- 1834) was actually correct when he suggested that population growth would be…

Read More

Does Stimulus Work?

The government has spent trillions to stimulate the economy. Interest rates are at a record low. Yet American businesses are sitting on top of trillions of dollars of cash, reluctant to spend any of it to grow or hire.  Does…

Read More