Posted on 09/27/2022 3:55:58 PM PDT by JV3MRC
The New York Times economics columnist Paul Krugman’s so-called “rules” for Bidenomics that he preached just days before President Joe Biden took office aged like spoiled milk.
Krugman published a blog six days before Biden’s inauguration where he established “Rules That Should Guide Bidenomics.” Among Krugman’s garbage heap of ideas, he argued that Biden shouldn’t worry about national debt or inflation and should spend taxpayer monies like a madman. He summed up his trainwreck of suggestions for Biden: “damn the torpedoes, full speed ahead.”
How brilliant! Just over a year into the Biden presidency, the American economy is now reeling from a 40-year high inflation crisis, an energy crisis, a debt crisis, a housing recession, supply chain disruptions and more. . But in January 2021, Krugman was confident that his “rules, based on hard experience,” were the key to American economic success. He also dismissed how “bogus economic concerns” shouldn’t “stand in the way of delivering the” leftist policies Krugman said “America needs.” But history hasn’t treated Krugman well.
(Excerpt) Read more at newsbusters.org ...
I used to have a tagline that said “Krugman is always wrong”.
I read his articles for years, as he is useful as a contra-indicator. I remember him being right about small things….twice in a couple of decades.
I heard he got his Nobel Prize from a box of Cracker Jacks.
Krugman’s Nobel shows they’re mostly about politics. Obama got onr for absolutely no reason other than politics...for the great things he was expected to do.
maybe but i have my doubts
its quite possible that he was only taught ideology
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