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Dishonest Paul Krugman

Paul Krugman’s latest column is proof positive that he’s exceptionally dishonest. In his opening paragraph, Krugman wrote “If James Comey, the F.B.I. director, hadn’t tipped the scales in the campaign’s final days with that grotesquely misleading letter, right now an incoming Clinton administration would be celebrating some very good news. Because health reform, President Obama’s […]

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Why the media missed the Story of the Year

Salena Zito’s article turns the spotlight on the MSM, aka the Agenda Media, to highlight why the media got this election badly wrong. Early in the article, Salena wrote about the NY Times, saying “Take The New York Times’ public editor’s laudable call for more diversity in the newsroom. ‘The executive editor, Dean Baquet, is […]

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John Stossel, Paul Krugman, and the Washington Swamp

If you ask what worries me about the incoming Trump Administration, I’ll immediately point to a bunch of policy issues. Will Trump be too timid to deal with the huge entitlement problem? Will Trump do a business-as-usual pork-filled infrastructure deal? Will Trump’s tax cut be feasible without concomitant spending discipline? Others, though, are more focused […]

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Shocker: Paul Krugman Makes a Sensible and Accurate Observation about Tax Policy

I’m not the biggest fan of Paul Krugman in his role as a doctrinaire advocate of leftist policy (he used to be within the mainstream and occasionally point out the risks of government intervention in his former role as an academic economist). It’s not just that he believes in big government. He also has an […]

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Paul Krugman Beclowns Himself…Again

I sometimes feel guilty when commenting on Paul Krugman’s work. In part, this is because I don’t want to give him any additional attention, but mostly it’s because it’s too easy. Like shooting fish in a barrel. His advocacy of Keynesian economics, for instance, makes him a very easy target. And it’s always amusing to […]

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More Flawed Partisan Analysis from Paul Krugman

When I get my daily email from the editorial page of the New York Times, I scroll through to see whether there’s anything on economic issues I should read. As a general rule, I skip over Paul Krugman’s writings because he’s both predictable and partisan. But every so often, his column will grab my attention, […]

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Another liberal gets ‘Krugman-ized’

There was a time when Paul Krugman was considered a bight guy, especially when he talked economics. That Krugman doesn’t exist, at least not in public anymore. That Krugman disappeared when he decided it was more important to be a corrupt political hack than to be an expert economist. Sadly, Norm Ornstein, a resident scholar […]

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Taranto skewers Obama & Krugman

Each week, I wait for James Taranto’s Best of the Web column. It’s consistently witty and informative. This week’s column definitely fits that description. Predictably, Taranto’s column focuses on the VA Hospital crisis/scandal. First, he notes how the Obama administration isn’t living up to other liberals’ expectations: Paul Waldman, Greg Sargent’s deputy, sees broader ideological […]

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Obama Administration Urges More Unemployment

President Obama has presided over a terrible jobs market. Unemployment is more than two-percentage points higher today than the White House claimed it would be if the so-called stimulus was enacted. Even more worrisome, the employment-population ratio seems to have permanently fallen, which is bad news for economic performance since our output is a function […] . . . → Read More: Obama Administration Urges More Unemployment . . . → Read More: Obama Administration Urges More Unemployment

Detroit, Europe and Krugman-defined optional austerity

Decreases in annual increases of big government budgets do not “austerity” measures make and are not the reason that the, rightly-named-by-Nobel-Prize-winning-economist Paul Krugman, economic Depression continues in most of Europe and the United States. President Richard Nixon actually didn’t say that “We are all Keynesians now” after taking the United States off the gold standard in 1971 and otherwise ensuring that Hubert Humphrey-Democrats got the | Read More » . . . → Read More: Detroit, Europe and Krugman-defined optional austerity . . . → Read More: Detroit, Europe and Krugman-defined optional austerity

Another Example of Editorial-Page Fiction at the New York Times

Are there any fact checkers at the New York Times? Since they’ve allowed some glaring mistakes by Paul Krugman (see here and here), I guess the answer is no. But some mistakes are worse than others. Consider a recent column by David Stuckler of Oxford and Sanjay Basu of Stanford. Entitled “How Austerity Kills,” it […] . . . → Read More: Another Example of Editorial-Page Fiction at the New York Times . . . → Read More: Another Example of Editorial-Page Fiction at the New York Times

Keynesian Economics: Still Failing After All These Years

I wrote this a couple of weeks ago, but didn’t post it here until I noticed that Michael Tanner of The Cato Institute agreed. Keynesianism is still not working. The central idea of the dominant economic philosophy in Washington, DC, is that when the private economy fails to produce enough demand, the government can and should step in to take up the economic slack. It | Read More » . . . → Read More: Keynesian Economics: Still Failing After All These Years . . . → Read More: Keynesian Economics: Still Failing After All These Years

Krugton the Invincible…or Krugman the Inadvertent Opponent of Tax Increases?

President Bush imposed a so-called stimulus plan in 2008 and President Obama imposed an even  bigger “stimulus” in 2009. Based upon the economy’s performance over the past five-plus years, those plans didn’t work. Japan has spent the past 20-plus years imposing one Keynesian scheme after another, and the net effect is economic stagnation and record […] . . . → Read More: Krugton the Invincible…or Krugman the Inadvertent Opponent of Tax Increases? . . . → Read More: Krugton the Invincible…or Krugman the Inadvertent Opponent of Tax Increases?