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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 malaise is the lack of “enough” inflation, it seems to me that we are seeing chutzpah on steroids. His latest column declares: At More...

by Dr. William Anderson | Published 2 years ago
By Dr. William Anderson On Friday, May 3rd, 2013
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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
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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
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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
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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...

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