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Dr. William Anderson

William L. Anderson is an author and an associate professor of economics at Frostburg State University in Maryland. He is also an adjunct scholar with the Mackinac Center for Public Policy as well as for the Ludwig von Mises Institute in Alabama.

By Dr. William Anderson On Monday, May 6th, 2013
1 Comment

Chutzpah Economics, more on government spending from Paul Krugman

It is nice to see that Paul Krugman learned his Yiddish as a young man, although I’m afraid that he is accusing the wrong people of having chutzpah. You see, when an economist claims that the causeof economic More...

By Dr. William Anderson On Friday, May 3rd, 2013
2 Comments

Krugman is a Keynesian ‘crank’ wanting to empower the inflation fairy

Lest anyone think that Paul Krugman is an economist, his latest column bemoaning the lack of hardcore inflation presents every reason as to why he is a crank, although a famous crank. Yes, the Inflation Fairy More...

By Dr. William Anderson On Tuesday, April 30th, 2013
2 Comments

The Fairy Tale of Our Time, ‘massive consumer spending is what fuels an economy’

Paul Krugman is nothing if not consistent. Once again, we are told that Kenneth Rogoff is the main reason that our economy is not roaring along like boom times, and that massive consumer spending is what fuels More...

By Dr. William Anderson On Wednesday, April 24th, 2013
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All Hail the Debt Fairy! All Hail the Inflation Fairy!

In September 2008, if it had not been obvious before, it had become abundantly clear since that the borrow-and-spend party has been over for nearly five years, yet Paul Krugman is becoming even more shrill about More...

By Dr. William Anderson On Friday, April 19th, 2013
2 Comments

Will Paul Krugman blame Sarah Palin for Boston bombing

So far, there has not been any commentary from Paul Krugman on the bombing at the Boston Marathon Monday, and given his incendiary remarks from previous tragedies, I admit to being surprised. When Gabby Giffords More...

By Dr. William Anderson On Tuesday, April 16th, 2013
1 Comment

Paul Krugman hates money, especially the Bitcoin

I used to think that Paul Krugman just misunderstood money, but now I realize that he really hates the stuff. Hates it. His recent blog post on Adam Smith and Bitcoin pretty much says it all: There have been many More...

By Dr. William Anderson On Monday, April 15th, 2013
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Paul Krugman’s lust for lying, the desire to buy gold must be racism driven

As I have written many times before, Paul Krugman no longer is an economist, if he ever was one. Instead, he is a political operative, someone who gives partisan political rants and pawns it off as Deep Economic More...

By Dr. William Anderson On Monday, April 15th, 2013
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Paul Krugman’s Intellectual Honesty on Great Britain, Herbert Hoover and Margaret Thatcher

Bob Murphy has a post on Free Advice that deals with the intellectually dishonest way that Paul Krugman portrays Herbert Hoover and the Andrew Mellon quote, “Liquidate the farmers, etc.” Krugman clearly More...

By Dr. William Anderson On Thursday, April 11th, 2013
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Keynsians gone wild, understanding the spending, borrowing and printing of money as keys to a strong economy

When it comes to debating the whole issue of extending the boom via money printing and borrowing or allowing the malinvested assets to be liquidated or changed to other, more profitable uses, Paul Krugman has become More...

By Dr. William Anderson On Wednesday, April 10th, 2013
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Borrowing and Spending, the Paul Krugman ‘Way to Wealth’

Hey, big spenders! It’s Paul Krugman to the rescue! In the aftermath of David Stockman’s recent New York Times article, Krugman is assuring his faithful readers that the massive debt financing of the More...

By Dr. William Anderson On Monday, April 8th, 2013
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That Fax Machine Must Have Had Some Kind of Impact, Paul Krugman views of the economy

It seems that Paul Krugman’s past statements continue to crop up. His 2003 call for Alan Greenspan to create a housing bubble certainly has dogged him, but something he wrote in 1998 exposes even more of his More...

By Dr. William Anderson On Thursday, April 4th, 2013
1 Comment

Tax Increases are saving California, now start High Speed Rail, the ultimate leftist pipedream

For many years, I have written that Paul Krugman is not so much an economist as he is a political operative, but I was wrong. He is not just a political operative, but also is just another leftist who believes that More...

By Dr. William Anderson On Saturday, March 30th, 2013
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Paul Krugman offers Cyprus solution ‘Seize Property and Print Money’

In answer to the “What would you do about Cyprus if you were dictator?” question, Paul Krugman has shared his Nobel-level of economic intelligence with the rest of us, and it comes down to two actions: More...

By Dr. William Anderson On Monday, March 25th, 2013
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Krugman Supports Capital Controls

In reading Paul Krugman for more than a decade, it seems that he has established a firm ideological pattern: Markets evil, government good. Thus, he has decided the solution for the crisis in Cyprus: capital controls. Now, More...

By Dr. William Anderson On Saturday, March 23rd, 2013
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The Federal Deficit is a Symtom, Not the Disease

Member of Congress are infamous for attacking symptoms of a problem instead of going straight to the heart of the disease, and the current “discussion” on the massive federal deficits are yet another More...

By Dr. William Anderson On Tuesday, March 19th, 2013
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Marches of the Non Sequitur, protecting the ‘cuts’ to federal budget

I really was ready to shout, “Hallalujah!” when I saw the title of Paul Krugman’s latest column on the 10-year anniversary of the U.S. invasion of Iraq. When I met Krugman in 2004 at the Southern More...

By Dr. William Anderson On Friday, March 8th, 2013
0 Comments

Is Paul Krugman Really a Martyr?

Paul Krugman operates with numerous themes, although for the most part they revolve around his belief that (1) the U.S. economy is in a “liquidity trap,” and (2) government must spend, borrow, raise More...

By Dr. William Anderson On Tuesday, February 26th, 2013
1 Comment

Paul Krugman, NY Times ‘Consuming Wealth Actually is the Same as Producing Wealth’

With the Big, Bad Sequester looming as the Crisis of the Week and all of the media and political angst accompanying it, I have come to understand that how one responds to the prospect of the government being forced More...

By Dr. William Anderson On Thursday, February 21st, 2013
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Raise that Teenage Unemployment Rate

If one were to read only Paul Krugman’s column and blog, the reader would find many interesting things about economics. That would include things like governments make economies grow by printing money (we More...

By Dr. William Anderson On Wednesday, February 20th, 2013
1 Comment

Paul Krugman and His Zombie History

Murray Rothbard liked to say that economist often tended to specialize in the area where their knowledge was the worst, and given Paul Krugman’s butchery of the historical record, I’d say Rothbard had More...


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