Yes, Inflation is our Savior, leftists cheer hyperinflation
One of Paul Krugman’s repeated themes in his columns and blog posts is that inflation is a wonderful thing, and apparently we never can have enough of it. Inflation wipes out debt, transfer wealth from creditors More...
Kick that Keynesian Habit
One think I do like about Paul Krugman’s columns extolling Keynesian theory is that they are predictable and easy to follow. I cannot say they really constitute economics, given that Krugman seems to believe More...
Paul Krugman: The Real Friend of Fraud
One of Paul Krugman’s constant themes is that financial regulation, if done by people who properly have been schooled as Democrats, will guard against fraud, and he is at itĀ again in his most recent column. More...
Is the Fed Hampering the Recovery?
In his blog post on “Calvinist Monetary Economics,” Paul Krugman claims that a recent Wall Street Journal op-ed by John Taylor on why he believes the Fed is hampering the recovery by keeping interest More...
Krugman: The State Makes and Producers Take
Paul Krugman definitely is a class warfare sort of guy, but to him, the parasite classes are those that actually produce something, while people who simply consume are the real producers. There is no other way around More...
Tuscaloosa just needs to ‘believe in government’
In the aftermath of natural disasters, the standard Paul Krugman line is that only government can fix the problems, and that if one just “believes in government” with all one’s heart, soul, and More...
The Amnesia Economist by Dr William Anderson
One of the supposed rules for New York Times columnists is that they not endorse candidates or be overly politically partisan in what they write. That is a howler, of course, as the entire newspaper is little more More...
Paranoia, Democrats, and the Speculators
Now that a Democrat is in the White House, I find it interesting that near-record gasoline prices somehow have nothing to do with Barack Obama. When gas prices four years ago went up under the Bush White House, More...
Will inflation save Europe?
In a recent column, Paul Krugman says that Europe essentially is committing “economic suicide” with its various “austerity” programs, with the only thing that can save the Continent being More...
State-administered medical care: not exactly a low-cost panacea
I have a lot of arguments with Keynesians, the first being that they are not really speaking of economics, per se, but rather concentrate upon the administration of state power. To a Keynesian, there are no real More...
Bob Wenzel at the Fed
Bob Wenzel recently spoke at the New York Federal Reserve Bank and I include both his speech, which is a classic, and his remarks about the background of the speech. One thing I find interesting is that none of More...
Krugman’s ‘caste’ nonsense
Paul Krugman really does not seem to understand the effect of third-party payments, and he especially does not understand when it comes to the government and the cost of higher education. In a recent post, he implies More...
Krugman says the USA should borrow and spend itself into prosperity
Paul Krugman is on the austerity kick again, and in part, he is right. The austerity measures that have been imposed upon Ireland and Greece by the European Union, are awful, and they are imposing a lot of suffering. There More...
Natural Born (Economy) Killers
When it comes to the use of certain kinds of fuels, myths abound and especially myths created and nurtured by Progressives in academe, government, and the media. Given that Paul Krugman is a card-carrying Progressive, More...
Krugman, ‘National Greatness,’ and Boondoggles
One of the mantras for the Neo-Conservatives has been “national greatness,” which means that America ought to be producing huge, expensive public works projects. (One gets the sense that William Kristol More...
Krugman: More inflation and higher taxes will end the depression
In recent months, Paul Krugman has become an out-and-out cheerleader for inflation, claiming that throwing out more dollars somehow will revive the economy because people will quickly spend their depreciating money More...
John Stossel on liberty and private enterprise
Because I have a very busy schedule over the next two weeks, my posting will be spotty and I will depend upon others to do my writing for me. John Stossel provides a very good article on why private enterprise always More...
Krugman, College, and the Higher Education Bubble
Paul Krugman claims (implausibly) that he was the first (or one of the first) economists to point out that the hot housing market really was a financial bubble. Of course, Krugman two years earlier had claimed that More...
Heading for double-digit inflation?
Whenever someone mentions inflation, Paul Krugman is all over the statement, trotting out the CPI which shows relatively low overall price increases at about three percent. (He holds this as “proof” More...
More economic illiteracy from the NY Times
Paul Krugman seems to be in a bi-partisan spirit in his latest column, claiming that Mitt Romney is a “closet Keynesian,” and he may be right. I’m not sure that Romney is a closet anything other More...