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Keyword: paulkrugman

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  • Republican Candidates Versus The New York Times: Why Isn’t the Economy Growing Faster?

    10/03/2015 6:48:16 AM PDT · by Kaslin · 12 replies ^ | October 3, 2015 | John C. Goodman
    Until we entered the Great Recession, most economists regarded Keynesian economics as a relic of the past. You could still find it discussed in some introductory textbooks. But, as University of Chicago economist John Cochrane points out, it wasn’t on the syllabus in any of the leading graduate schools. Then came the most serious downturn since the Great Depression and something living economists had never seen before: interest rates that were near zero and in some cases negative. Keynes himself speculated that the economy could become stuck in a liquidity trap – where monetary policy is ineffective and only fiscal...
  • No 'Mainstream' Air Time for Mark Levin

    09/11/2015 1:59:22 PM PDT · by Kaslin · 29 replies ^ | September 11, 2015 | Brent Bozell
    Mark Levin's new book "Plunder and Deceit" has been number one on the New York Times bestseller list for five weeks in a row. Like with his other best-sellers, no liberal journalist will read it, no liberal newspaper will review it, and no liberal network would imagine calling up Levin for an interview. They are too busy advocating tolerance and diversity. Why doesn't Mark Levin deserve a turn on CBS's "60 Minutes"? Why can't the conservative taxpayers be granted a forum for Levin or "Charlie Rose" on PBS or on NPR's "All Things Considered"? In short, why not a slice...
  • Donald Trump, When is Enough Enough? (Vanity)

    09/07/2015 2:18:27 PM PDT · by z taxman · 187 replies
    Free Republic ^ | 9/7/2015 | Me
    A few days ago when asked about the couragous stand of Kim Davis, Trump essentially came out in support of gay marriage. "Its the law of the land," he said. “I hate to see her being put in jail." Well, isn't that swell Trumpy, but he added “I understand what they’re doing. It would be certainly nice if she didn’t do it." Lets get this straight, while bold leaders like Ted Cruz, Rand Paul and Mike Huckabee are coming out in support of Kim Davis and her religious stand of conscious, Trump is busy kowtowing to the gay mafia, turning...
  • Trump Is Right on Economics

    09/07/2015 11:42:54 AM PDT · by ScottWalkerForPresident2016 · 57 replies
    The New York Times ^ | 09/07/2015 | Paul Krugman
    So Jeb Bush is finally going after Donald Trump. Over the past couple of weeks the man who was supposed to be the front-runner has made a series of attacks on the man who is. Strange to say, however, Mr. Bush hasn’t focused on what’s truly vicious and absurd — viciously absurd? — about Mr. Trump’s platform, his implicit racism and his insistence that he would somehow round up 11 million undocumented immigrants and remove them from our soil. Instead, Mr. Bush has chosen to attack Mr. Trump as a false conservative, a proposition that is supposedly demonstrated by his...
  • Paul Krugman just wrote an op-ed praising Donald Trump for being 'right on economics'

    09/07/2015 10:21:57 AM PDT · by SeekAndFind · 26 replies
    Business Insider ^ | 09/06/2015 | Colin Campbell
    Economist Paul Krugman thinks Donald Trump's presidential campaign actually gets a few things right. Krugman previously derided the Republican real-estate mogul as a "belligerent, loudmouth racist with not an ounce of compassion." But in a Monday op-ed in The New York Times, the left-leaning writer praised Trump's "heresies" from Republican orthodoxy when it comes to economic policy. "So am I saying that Mr. Trump is better and more serious than he's given credit for being?" Krugman asked, making it clear that he is still not a Trump supporter. "Not at all — he is exactly the ignorant blowhard he seems...
  • In GOP war on Social Security, only Trump gets it

    08/29/2015 7:34:15 PM PDT · by WilliamIII · 204 replies
    MySanAntonio ^ | Aug 18 2015 | Paul Krugman
    Republican presidential candidates. who have had to seek contributions from a handful of wealthy contributors, want to cut Social Security. Average Americans love the program; the superwealthy don’t. Something strange is happening in the Republican primary — something strange, that is, besides the Trump phenomenon. For some reason, just about all the leading candidates other than The Donald have taken a deeply unpopular position, a known political loser, on a major domestic policy issue. And it’s interesting to ask why. The issue in question is the future of Social Security, which turned 80 last week. The retirement program is, of...
  • Earth to Paul Krugman and The New York Times: Debt Is Not Good

    08/29/2015 5:05:03 AM PDT · by Kaslin · 19 replies ^ | August 29, 2015 | John C. Goodman
    Source: Source information located at the bottom of column. First the good news. The federal governmentÂ’s tax receipts are coming in at a rate somewhat higher than what was expected a few months ago. That means a shut-down-the-government debt limit stalemate will be pushed back until November or December. It also means that the federal debt will actually decline a bit this year. Now for the bad news. We are experiencing the calm before the storm. The Congressional Budget Office reported Tuesday that although our fiscal situation is improving, by 2018 we will snap back to swelling deficits and unsustainable...
  • CBO: Deficit, Public Debt to Double Over Next 10 Years

    08/26/2015 5:29:09 PM PDT · by markomalley · 16 replies
    Washington Free Beacon ^ | 8/26/15 | Ali Meyer
    The deficit is estimated to more than double in 10 years, which is projected to push debt held by the public up to 77 percent as a percentage of Gross Domestic Product (GDP), according to Congressional Budget Office (CBO) estimates.Despite an anticipated rise in tax collection, the CBO predicts that the government will continue to spend outside of its means. The CBO warns that later in the coming decade, growth in government spending will “outstrip” growth in the economy.According to the CBO, by the end of this year, federal revenues are expected to climb to $3.3 trillion—or 18.2 percent of...
  • Paul Krugman "What Ails The World Right Now Is That Governments Aren’t Deep Enough In Debt"

    08/22/2015 11:37:31 AM PDT · by SeekAndFind · 53 replies
    Zero Hedge ^ | 08/22/2015 | Tyler Durden
    This was written by a Nobel prize winning economist without a trace or sarcasm, irony or humor. It is excerpted, and presented without commentary.From the New York Times:Debt Is Good... the point simply that public debt isn’t as bad as legend has it? Or can government debt actually be a good thing?Believe it or not, many economists argue that the economy needs a sufficient amount of public debt out there to function well. And how much is sufficient? Maybe more than we currently have. That is, there’s a reasonable argument to be made that part of what ails the...
  • Krugman and the Times Still Spinning Obama’s Legacy

    08/13/2015 8:01:15 AM PDT · by Academiadotorg · 8 replies
    Accuracy in Academia ^ | August 12, 2015 | Roger Aronoff
    In the view of The New York Times and other beacons of the liberal media, President Barack Obama’s policies are a resounding success and he rarely makes a misstep. The harmful effects of his policies, as well as his many scandals, must be ignored or covered up with misleading statistics and deceitful reporting that preserve his radical, left-wing legacy, and even make it sound mainstream. Members of the media often follow the lead of the Times in choosing the angles for their own reporting. And, as we noted last year, Paul Krugman’s columns for that paper, while opinion pieces, reflect...
  • Puerto Rico Shows Greece Needs €50 Billion A Year: And Would Still Fail Even Then

    07/06/2015 12:21:37 AM PDT · by bob_denard · 4 replies
    Forbes ^ | 7/05/2015 | Tim Worstall
    It’s true, as Paul Krugman says, that Greece and Puerto Rico are not in exactly the same position. PR is bust to some extent, yes, but it’s not in the middle of a catastrophe, as Greece is. However, there is also a similarity in their situations, one that’s extremely instructive. They’re both suffering from being in a monetary policy zone, a currency zone, that isn’t really suitable for their circumstances. One of the two is in a fiscal policy union as well as that monetary union, the other is not. And it’s long been agreed that if you’re to have...
  • Krugman on Rick Perry: Good Government Doesn’t Matter

    06/13/2015 3:53:30 AM PDT · by Kaslin · 5 replies ^ | June 13, 2015 | John C. Goodman
    Rick PerryÂ’s entry into the presidential race draws natural attention to the Texas economy. While Perry was governor, Texas created more than three of every ten new jobs in the entire country. And even though a decline in energy prices has slowed things a bit, over the last four years Texas was the third among the 50 states in job creation. Perry and others credit low taxes and sensible regulation for TexasÂ’ economic success. The Wall Street Journal editorial board agrees. Last week they wrote: The Tax Foundation ranks TexasÂ’s business climate tenth best, and the stateÂ’s growth spurt vindicates...
  • This Is Paul Krugman's Idea of Good Health Care Reform

    06/10/2015 7:29:48 AM PDT · by IBD editorial writer · 2 replies
    Investor's Business Daily ^ | 06/10/2015 | John Merline
    A few years ago New York Times columnist Paul Krugman was frequently heralding the Veterans Health Administration as a model of medical improvement in America. It is, he wrote, "a huge policy success story," that has "achieved a remarkable combination of rising quality and successful cost control." One wonders if Krugman is aware of this story.
  • Huge ObamaCare Rate Hikes Are Sign Of Worse Things To Come

    06/03/2015 4:45:58 AM PDT · by IBD editorial writer · 31 replies
    Investor's Business Daily ^ | 06/03/2015 | IBD Staff
    Health Reform: A year ago, we were told with great certainty that ObamaCare critics had it all wrong when they warned about coming premium rate shocks. Then came the eye-popping rate requests for next year.
  • BUSTED: Paul Krugman removed 20 yrs of data from chart to show correlation that wasn't really there

    05/21/2015 8:30:02 AM PDT · by SeekAndFind · 25 replies
    Business Insider ^ | 05/21/2015 | CULLEN ROCHE, PRAGMATIC CAPITALISM
    Someone sent me an email Wednesday evening with some details on the Paul Krugman response to James Montier, which I discussed here. I had previously stated that the Krugman response was lacking meat. But it's actually worse than that. It's actually highly misleading and appears intentionally so. In the post, Dr. Krugman tries to show how much interest rates matter by comparing the Fed Funds Rate with Housing Starts. He shows a chart and declares that there appears to be a strong correlation. Except, as this emailer notes, he appears to have shifted the chart to make it appear as...
  • As a supporter of the Iraq War, if you knew then what you know now….

    05/18/2015 11:06:25 AM PDT · by Starman417 · 42 replies
    Flopping Aces ^ | 05-18-15 | Wordsmith
    Paul Krugman: Thanks to Jeb Bush, we may finally have the frank discussion of the Iraq invasion we should have had a decade ago. But many influential people — not just Mr. Bush — would prefer that we not have that discussion. There’s a palpable sense right now of the political and media elite trying to draw a line under the subject. Yes, the narrative goes, we now know that invading Iraq was a terrible mistake, and it’s about time that everyone admits it. Now let’s move on. Well, let’s not — because that’s a false narrative, and everyone who...
  • Surprise: Super-Lib Sachs Criticizes Krugman, Praises UK Conservatives

    05/08/2015 5:30:28 AM PDT · by governsleastgovernsbest · 3 replies
    NewsBusters ^ | Mark Finkelstein
    It was enough to make a blogger in mom's basement spit out his Cheetos in surprise. On today's Morning Joe income redistributionist and global climate kvetcher Prof. Jeffrey Sachs praised the UK Conservatives for creating jobs via an austerity budget. In a second surprise, Sachs criticized fellow lefty traveler Paul Krugman. Said Sachs of the Conservatives: "they governed well . . . they got the economy going again. They got it stabilized, they got the debt crisis Britain was facing under control and they created a lot of jobs and they got rewarded last night." And a bit later, the...
  • John Galt Hates Ben Bernanke

    04/25/2015 10:24:41 PM PDT · by nickcarraway · 4 replies
    New York Times ^ | APRIL 3, 2015 | Paul Krugman
    Ah: I see that there was a Twitter exchange among Brad DeLong, James Pethokoukis, and others over why Republicans don’t acknowledge that Ben Bernanke helped the economy, and claim credit. Pethokoukis — who presumably gets to talk to quite a few Republicans from his perch at AEI — offers a fairly amazing explanation: B/c many view BB as enabling Obama’s spending and artificially propping up debt-heavy economy in need of Mellon-esque liquidation Yep: that dastardly Bernanke was preventing us from having a financial crisis, curse him. Actually, there’s a lot of evidence that this was an important part of the...
  • The Fiscal Future II: Not Enough Debt? (Krugman)

    04/07/2015 11:32:13 PM PDT · by Olog-hai · 7 replies
    New York Times ^ | April 7, 2015 | Paul Krugman
    Continuing my meditation on Brad DeLong’s meditation on the fiscal future. Brad doesn’t just argue that governments should be bigger in the future; he also argues that governments have historically not had enough debt, and should have more. Why? Because, he says, r-g—the difference between the real rate of interest on government debt and the rate of economic growth—has been consistently negative. Why is this significant? Well, we normally imagine that if a government engages in deficit spending now, it will have to engage in compensating austerity of some form later—even if it doesn’t plan to pay off the debt,...
  • The Science Fictional Foundation Under Paul Krugman, Part One

    04/07/2015 4:55:11 PM PDT · by Kaslin · 13 replies ^ | April 7, 2015 | Ralph Benko
    Paul Krugman, a few years ago, wrote at length to extol the magnum opus of science fiction grandmaster, Isaac Asimov, theFoundation Trilogy. Prof. Krugman’s reflections thereon are of keen interest. I met Asimov once, 40+ years ago, at a world science fiction convention. I even got him to autograph my Science Fiction Book Club copy of “The Foundation Trilogy.” This compilation of three novels is an SF classic. I, then and since, found it too dull to read in full. (Asimov’s I, Robot then was much more engaging to this long-ago SF geek. But nothing Asimov wrote really rivaled Heinlein’s...
  • Krugman: All of These 'Imaginary' Obamacare Horror Stories Are 'Invented'

    03/31/2015 8:43:27 AM PDT · by Kaslin · 28 replies ^ | March, 31, 2015 | Guy Benson
    Here we go again. One of the High Priests of the so-called "reality-based community" has for the umpteenth time pronounced Obamacare a great success, asserting that people who believe otherwise (like, for example, the majority of the American people) have either been deceived, or are liars. Paint-by-numbers acerbic Leftist, reactionary smear artist, and New York Times columnist Paul Krugman calls Obamacare horror stories "imaginary disasters," made up from whole cloth to scare people and undermine a law that's working and helping people.  We've spent quite a lot of time refuting variants of this argument in recent years, producing detailed responses to President Obama, Harry Reid, and two...
  • When Leftwing Economists Gruber and Krugman Practiced Economics

    02/05/2015 7:37:45 AM PST · by Kaslin · 1 replies ^ | February 5, 2015 | Larry Elder
    resident Barack Obama, in his State of the Union speech, called for a minimum-wage hike and for government-mandated paid family and medical leave. "We are the only advanced country on Earth," said the President, "that doesn't guarantee paid sick leave or paid maternity leave to our workers." On the minimum wage, Obama issued this challenge: "And to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, try it. If not, vote to give millions of the...
  • Paul Krugman Rejected by His Peers

    01/17/2015 8:20:13 AM PST · by Kaslin · 32 replies ^ | January 17, 2015 | John C. Goodman
    Paul Krugman has become an embarrassment to the economics profession. Despite his Nobel Prize and despite his previous high regard in the profession, his twice-a-week editorials in The New York Times are causing even progressive economists to treat him as somewhat of a kook.Since 2011, the United States has followed what Krugman correctly calls a policy of “austerity.” For example, the federal budget deficit has declined from 8.4 percent of GDP in 2011 to a predicted 2.9 percent of GDP for all of 2014. All along the way Paul Krugman protested that such policies would prolong the recession and even...
  • Income Inequality Author Turns Down Prestigious Award

    01/03/2015 8:44:05 AM PST · by Kaslin · 17 replies ^ | January 3, 2015 | Mike Shedlock
    French economist Thomas Piketty, author of the surprise best-selling Capital in the 21st Century turned down France's top award, the Legion D'Honneur. "I do not think it is the government's role to decide who is honourable", said Piketty. Nobel Prize-winning economist Paul Krugman called it "the most important economics book of the year - and maybe of the decade". Krugman likely says that because he believes in Piketty's socialist solutions to income inequality. Thomas Piketty's Capital Review Piketty's book is a massive 696-page slog. Fortunately, Harvard Business Review offers this synopsis: Piketty’s “Capital,” in a Lot Less than 696 Pages.The...
  • Another “Oops” Moment for Paul Krugman

    12/31/2014 10:55:54 AM PST · by Kaslin · 4 replies ^ | December 31, 2014 | Daniel J. Mitchell
    I’m tempted to feel a certain degree of sympathy for Paul Krugman. As a leading proponent of the notion that bigger government stimulates growth (a.k.a., Keynesian economics), he’s in the rather difficult position of rationalizing why the economy was stagnant when Obama first took office and the burden of government spending was rising. And he also has to somehow explain why the economy is now doing better at a time when the fiscal burden of government is declining.
  • Everything Liberals Have Told Us About Energy Is Wrong

    12/02/2014 12:13:19 PM PST · by george76 · 22 replies
    Federalist ^ | December 2, 2014 | David Harsanyi
    In a chilling 2010 column, Paul Krugman declared: “peak oil has arrived.” So it’s really not surprising that the national average for a gallon of gas has fallen to $2.77 this week – in 10 states it was under $2.60 – and analysts predict we’re going to dip below the two-dollar mark soon. U.S. oil is down to $75 a barrel, a drop of more than $30 from the 52-week high. Meanwhile, the Institute for Energy Research estimates that we have enough natural gas in the U.S. to meet electricity needs for around 575 years at current fuel demand and...
  • Democrats Discover Race Baiting

    11/08/2014 5:44:13 AM PST · by Kaslin · 16 replies ^ | November 8, 2014 | John C. Goodman
    Actually the Democrats have been race baiting for decades. And it’s not going away. Using fear and race-polarizing agitation to drive minority voters to the polls is going to be the increasingly overt face of the Democratic Party. They can’t win any other way. What’s new is that the mainstream media has suddenly discovered all of this.Through the years, these same news outlets have wasted no time at all in spotting anything that even hints of Republican race baiting. Take the presidential campaign of 1988.Willie Horton was a black murder convict who raped a white woman and stabbed her boyfriend...
  • Paul Krugman Uncovers a Right-Wing Conspiracy at

    10/22/2014 12:12:59 PM PDT · by Sean_Anthony · 24 replies
    Canada Free Press ^ | 10/22/14 | Arnold Ahlert
    The Times columnist suggests a government crackdown for selling conservative books too quickly. Big-government aficionado Paul Krugman is calling for “public action to curb the power” of an entity he can’t quite bring himself to call a monopoly, even as he nonetheless compares its “abuses” to those of John D. Rockefeller’s Standard Oil company. The subject of his ire? “, the giant online retailer, has too much power, and it uses that power in ways that hurt America,” Krugman whines. “Does Amazon really have robber-baron-type market power? When it comes to books, definitely,” Krugman insists. “Amazon overwhelmingly dominates online book...
  • Paul Krugman Uncovers a Right-Wing Conspiracy at Suggests Gov't Crackdown

    10/22/2014 8:00:40 AM PDT · by SeekAndFind · 21 replies
    FrontPage Mag ^ | 10/22/2014 | Arnold Ahlert
    Big-government aficionado Paul Krugman is calling for “public action to curb the power” of an entity he can’t quite bring himself to call a monopoly, even as he nonetheless compares its “abuses” to those of John D. Rockefeller’s Standard Oil company. The subject of his ire? “, the giant online retailer, has too much power, and it uses that power in ways that hurt America,” Krugman whines. “Does Amazon really have robber-baron-type market power? When it comes to books, definitely,” Krugman insists. “Amazon overwhelmingly dominates online book sales, with a market share comparable to Standard Oil’s share of the refined...
  • Paul Krugman's Late Obama Valentine

    10/22/2014 6:16:27 AM PDT · by Kaslin · 9 replies ^ | October 22, 2014 | Brent Bozell
    Knowing the way our political press works, it's easy to predict that Barack Obama's presidency is just about over. Journalists will soon treat him as the lamest of lame ducks, and suggest nothing consequential will happen in the last two years of his presidency. Instead, they'll obsess over who will come next. So the timing is perfect for Rolling Stone magazine to reassert itself as Obama's most shameless house organ. They've published a 4,000-word tribute by liberal New York Times columnist Paul Krugman insisting that "Obama has emerged as one of the most consequential and, yes, successful presidents in American...
  • Vegas, Baby! MSNBC's Dorian Warren Bets 'History Will Be Very, Very Good' to Obama

    10/20/2014 5:34:35 AM PDT · by governsleastgovernsbest · 40 replies
    NewsBusters ^ | Mark Finkelstein
    Don't know what Dorian Warren's been smoking, but we can guess what he's been reading: Rolling Stone, and in particular a recent column in which Paul Krugman claims that Barack Obama is one of the most "successful presidents in American history" [ed.: not a typo]. On today's Morning Joe, MSNBC contributor Warren said he'd be happy to call his Vegas buddies to bet that "history will be very, very good to Barack Obama." Warren was responding to Joe Scarborough's suggestion that history will lump Obama and George W. Bush together for their lack of effective leadership. View the video here.
  • Paul Krugman: In Defense of Obama [on why Obama is a historic success]

    10/09/2014 11:24:38 AM PDT · by SeekAndFind · 38 replies
    Rolling Stone ^ | 10/09/2014 | Paul Krugman
    When it comes to Barack Obama, I've always been out of sync. Back in 2008, when many liberals were wildly enthusiastic about his candidacy and his press was strongly favorable, I was skeptical. I worried that he was naive, that his talk about transcending the political divide was a dangerous illusion given the unyielding extremism of the modern American right. Furthermore, it seemed clear to me that, far from being the transformational figure his supporters imagined, he was rather conventional-minded: Even before taking office, he showed signs of paying far too much attention to what some of us would later...
  • Paul Krugman Has It All Wrong: American Dreamers Are Our Invisible Stewards

    10/03/2014 5:00:38 AM PDT · by lifeofgrace · 3 replies
    Charting Course ^ | 10/3/14 | Steve Berman
    Paul Krugman sees America as a stratified society, with the top tiny layer controlling a staggering amount of wealth, and the rest of us consigned to a life of Sisyphean struggle.  He rails against Our Invisible Rich, who he believes prosper at the expense of all of us, and waxes about how the golden sunbeam of knowledge of these rich parasites on our nation could kindle the proletariat to action. I can’t compete with Krugman in academic honors, or experience in the hallowed halls of the Ivy League, or in the busy newsrooms at flagship newspapers.  When I read such...
  • Get Ready for the Big Krugman-Moore Debate!

    09/27/2014 8:49:51 AM PDT · by Kaslin · 20 replies ^ | September 27, 2014 | Mark Skousen
    “What I love most about FreedomFest are the debates!”– John Mackey (CEO, Whole Foods Market)Many of my free-market friends have attacked Paul Krugman, the inflammatory New York Times columnist and Nobel Prize winner, for deliberately distorting the facts about the economic recovery, austerity programs in Europe, the federal deficit, taxes, school choice, etc. Krugman has been especially critical of the “Austrians” for predicting double-digit inflation and another recession.In response, Steve Moore, Peter Schiff and Robert Murphy, among others, have challenged Krugman to a formal debate. But Krugman has adamantly refused…Until now!I have just confirmed the Dream Debate of the Century...
  • Paul Krugman: The GOP Wants to Pull Us Back to 1894

    09/08/2014 8:34:38 AM PDT · by Cheerio · 29 replies
    Townhall ^ | Sep 08, 2014 | Michael Schaus
    If you ever have the strange desire to watch a couple of liberals devolve into an intellectual wasteland of platitudes and hypocrisy, just mention “Hobby Lobby”. During a recent TV special with Senator Elizabeth Warren (D-People’s Republic of Massachusetts), Paul Krugman waded into the realm of idiocy (it was a short trip for him) while discussing corporate personhood, and the GOP’s desire to “push us back to 1894”. Of course, this raises a few questions: If corporations aren’t people, then why should we expect businesses to exercise “economic patriotism” in their tax dealings? I mean heck, I guess we shouldn’t...
  • Stupid Is As Krugman Does

    08/18/2014 6:01:50 AM PDT · by Kaslin · 9 replies ^ | August 18, 2014 | Michael Schaus
    Paul Krugman has once again decided to call a few “fools and knaves” who disagree with him by some nasty names. In fact, the Nobel Laureate’s habit of lashing out with vitriolic playground language is pretty well documented; and, quite frankly, it demonstrates an astounding lack of self-awareness when it comes from a Keynesian who has turned being wrong into a career option. But in this rare case, I might actually let his painfully ironic comments slide without condemnation.
  • Krugman’s “Gotcha” Moment Leaves Something to Be Desired

    07/26/2014 12:24:26 PM PDT · by Kaslin · 4 replies ^ | July 26, 2014 | Daniel J. Mitchell
    I’ve had some fun over the years by pointing out that Paul Krugman has butchered numbers when writing about fiscal policy in nations such as France, Estonia, Germany, and the United Kingdom. So I shouldn’t be surprised that he wants to catch me making an error. But I’m not sure his “gotcha” moment is very persuasive. Here’s some of what he wrote for today’s New York Times. Gov. Jerry Brown was able to push through a modestly liberal agenda of higher taxes, spending increases and a rise in the minimum wage. California also moved enthusiastically to implement Obamacare. …Needless to...
  • Is Paul Krugman Leaving Princeton In Quiet Disgrace?

    07/14/2014 11:37:01 AM PDT · by SeekAndFind · 34 replies
    Forbes ^ | 07/14/2014 | Ralph Benko
    Professor Paul Krugman is leaving Princeton. Is he leaving in disgrace? Not long, as these things go, before his departure was announced Krugman thoroughly was indicted and publicly eviscerated for intellectual dishonesty by Harvard’s Niall Ferguson in a hard-hitting three-part series in the Huffington Post, beginning here, and with a coda in Project Syndicate, all summarized at Ferguson, on Krugman: Where I come from … we do not fear bullies. We despise them. And we do so because we understand that what motivates their bullying is a deep sense of insecurity. Unfortunately for Krugtron the Invincible, his ultimate nightmare...
  • Paul Krugman: The Incompetence Dogma. So Much for Obamacare Not Working

    06/28/2014 11:29:34 AM PDT · by SeekAndFind · 62 replies
    New York Times ^ | 06/27/2014 | Paul Krugman
    Have you been following the news about Obamacare? The Affordable Care Act has receded from the front page, but information about how it’s going keeps coming in — and almost all the news is good. Indeed, health reform has been on a roll ever since March, when it became clear that enrollment would surpass expectations despite the teething problems of the federal website. What’s interesting about this success story is that it has been accompanied at every step by cries of impending disaster. At this point, by my reckoning, the enemies of health reform are 0 for 6. That is,...
  • Krugman: GOP has reached point of no return on climate

    05/17/2014 4:03:09 PM PDT · by Oldeconomybuyer · 111 replies
    Houston Chronicle ^ | May 16, 2014 | By Paul Krugman
    ... Think of it this way: Once upon a time it was possible to take climate change seriously while remaining a Republican in good standing. Today, listening to climate scientists gets you excommunicated - hence Rubio's statement, which was effectively a partisan pledge of allegiance. And truly crazy positions are becoming the norm. A decade ago, only the GOP's extremist fringe asserted that global warming was a hoax concocted by a vast global conspiracy of scientists (although even then that fringe included some powerful politicians). Today, such conspiracy theorizing is mainstream within the party, and rapidly becoming mandatory; witch hunts...
  • Krugman in the 1 Percent: Getting rich by studying about inequality

    04/30/2014 7:25:54 AM PDT · by SeekAndFind · 5 replies
    National Review ^ | 04/30/2014 | Michael Tanner
    I am outraged. The City University of New York recently announced that it is going to pay Paul Krugman $225,000 for part-time work studying income inequality. If you add in his sundry speaking fees, Professor Krugman is solidly ensconced among the hated 1 percent. I too write about inequality, yet I am not being paid nearly as much. Of course, Professor Krugman does have that Nobel Prize thing going for him, but that hardly seems to justify such blatant inequality. So I have been waiting patiently for Professor Krugman to mail me a check to correct this unfair situation. Or...
  • High Plains Moochers

    04/28/2014 5:21:13 PM PDT · by SeekAndFind · 31 replies
    New York Times ^ | 04/28/2014 | Paul Krugman
    It is, in a way, too bad that Cliven Bundy — the rancher who became a right-wing hero after refusing to pay fees for grazing his animals on federal land, and bringing in armed men to support his defiance — has turned out to be a crude racist. Why? Because his ranting has given conservatives an easy out, a way to dissociate themselves from his actions without facing up to the terrible wrong turn their movement has taken. For at the heart of the standoff was a perversion of the concept of freedom, which for too much of the right...
  • Ignorance And Cronyism Are The Only Settled Sciences

    04/27/2014 12:56:10 AM PDT · by Kaslin · 4 replies ^ | April 27, 2014 | Derek Hunter
    An honest debate with a progressive is almost as rare as a verified sighting of Bigfoot. You’d have better luck getting a devout Scientologist to say L. Ron Hubbard was a horrible writer than you would to get a progressive to admit the “science” behind climate change is not all it’s cracked up to be. For one thing, it is based on models of what could happen in 100 years, even though those models are mostly unreliable when you use them to map what happened in the last 30. That’s right, the vast majority of “climate models” predicting doom and...
  • Krugman, Who Is Paid $25,000/Month To Study Inequality, Says "Nobody Wants Us To Become Cuba"

    04/17/2014 7:25:33 PM PDT · by Nachum · 10 replies
    zero hedge ^ | 4/17/14 | Tyler Durden
    When it comes to Krugman's views on any particular topic, he may be right and he may be wrong, but whatever his opinion he always has a much to say about it (even if the factual backing is of secondary importance or outright missing). Today, his chosen topic is inequality, and in an interview with Bloomberg's Tom Keene, shown and transcribed below, he certainly says much, encapsulated perhaps by the following gem: "There's zero evidence that the kind of extreme inequality that we have is good for economic growth. In fact, there's a lot of evidence that it is actually...
  • Income Inequality for Thee, But Not for Me: The Hypocrisy of Nobel Prize Winner, Paul Krugman

    04/17/2014 7:06:29 AM PDT · by SeekAndFind · 5 replies
    American Thinker ^ | 04/17/2014 | Brian C Joondeph, MD
    Paul Krugman is a distinguished economist, Professor of Economics and International Affairs at Princeton University, a NY Times columnist, and a Nobel Laureate. As a frequent commentator on cable news shows, he speaks passionately about income inequality and politics. From his book, The Conscience of a Liberal, he notes that, “Impersonal forces such as technological change and globalization caused America’s income distribution to become increasingly unequal, with an elite minority pulling away from the rest of the population.”How ironic that Dr. Krugman will provide a first hand as a member of this “elite minority” benefiting from income inequality. The City...
  • Klein, Krugman Offer Biased Views of Confirmation Bias

    04/11/2014 5:34:50 AM PDT · by Kaslin · 1 replies ^ | April 11, 2014 | Jonah Goldberg
    "If all you have is a hammer," the old saying goes, "everything looks like a nail." Left unsaid is the fact that the real problem isn't the possession of a hammer, but the certitude that all you need is the hammer. In other words, it's a failure of the imagination -- which is a kind of arrogance -- that's really to blame. "I've got my hammer, and that's all I need. Besides, have you ever seen a problem that didn't look like a nail?" This is a version of what academics call "confirmation bias" -- the tendency to accept only...
  • For Columnist, a Change of Tone (Krugman vs. 538/Nate Silver)

    03/26/2014 5:32:28 PM PDT · by Olog-hai · 2 replies
    FiveThirtyEight ^ | 03/26/2014 6:24 PM | Nate Silver
    A New York Times columnist has expressed substantially more negative sentiments about FiveThirtyEight since it left The New York Times, according to a FiveThirtyEight analysis. The columnist, Paul Krugman, who writes about economics and politics for The Times, has referred to FiveThirtyEight or editor-in-chief Nate Silver 33 times on his blog. FiveThirtyEight classified each reference based on whether it expressed a favorable, unfavorable or neutral sentiment toward FiveThirtyEight. …
  • Krugman calls senator’s cancer story ‘garbage’

    01/29/2014 3:41:35 PM PST · by TurboZamboni · 43 replies
    daily caller ^ | 1-29-14 | Chuck Ross
    New York Times columnist and Nobel laureate economist Paul Krugman is questioning Oklahoma Republican Sen. Tom Coburn’s claim that Obamacare caused him to lose his cancer specialist. “It’s a garbage story, it really is,” said Krugman in a back-and-forth with former House Speaker Newt Gingrich on CNN after the State of the Union on Tuesday. Coburn, who announced earlier this month that he’ll resign from office at the end of the year as he battles his fourth bout with cancer, told MSNBC’s “Morning Joe” that his oncologist was no longer covered under his health care plan.
  • Making Fun of Keynesian Economics

    03/10/2014 5:51:24 AM PDT · by Kaslin · 11 replies ^ | March 10, 2014 | Daniel J. Mitchell
    <p>It’s sometimes difficult to make fun of Keynesian economics. But this isn’t because Keynesian theory is airtight.</p> <p>It’s easy, after all, to mock a school of thought that is predicated on the notion that you can make yourself richer by taking money from your right pocket and putting it in your left pocket.</p>
  • A General Theory of Obamacare Fiction

    02/26/2014 7:46:56 PM PST · by Oldeconomybuyer · 33 replies
    The New York Times ^ | February 26, 2014 | by Paul Krugman
    Conservatives appear to be really upset that liberals are actually taking on the facts in the anti-Obamacare ads they’ve been running. How dare you question whether the people in these ads are giving an accurate picture — they’re suffering! --SNIP-- So here’s what you need to understand. The Affordable Care Act isn’t magic — it produces losers as well as winners. But it’s not black magic either, turning everyone into a loser. What the Act does is in effect to increase the burden on fortunate people — the healthy and wealthy — to lift some burdens on the less fortunate:...