Tag archive for ‘Paul Krugman column’
By Dr. William Anderson On Friday, January 27th, 2012

Paul Krugman: Capital creates recessions

I see that Paul Krugman has moved into yet another economic dimension in which he declares that capital creates layoffs and layoffs are responsible for…layoffs. He writes: …the fact is that running More...

By Dr. William Anderson On Tuesday, January 24th, 2012

Paul Krugman: Government debt is no burden because ‘we owe it to ourselves’

In his latest missive, “Nobody Understands Debt,” Paul Krugman proves that he does not know debt, or at least government debt, either. While there is much to dislike in the column, I am going to deal More...

By Dr. William Anderson On Thursday, January 19th, 2012

Paul Krugman condemns himself

Paul Krugman wants us to believe that he first looks at the situation, and then tries to determine what theory would apply to it (or make up a new theory). He, dear reader, never comes into a situation with preconceived More...

By Dr. William Anderson On Tuesday, January 17th, 2012

Paul Krugman: Economic efficiency makes us poorer

Several years ago, I wrote that Paul Krugman really is not an economist, but rather is a political operative, and he has done his level best since then to prove my point. He does it again in his latest column. According More...

By Dr. William Anderson On Saturday, January 14th, 2012

Keynes was and always will be wrong

Here we go again. Paul Krugman not only attacks the Law of Cause and Effect (substituting Effect for Cause), but also manages to fracture history a bit. However, given that he has claimed that Ronald Reagan was More...

By Dr. William Anderson On Thursday, January 5th, 2012

Paul Krugman’s toxic environmentalism

Over the past several years, Paul Krugman has become extremely predictable in his columns. First, the mantra is, “Democrats good, Republicans bad,” as though a decorated academic economist should have More...

By Dr. William Anderson On Tuesday, January 3rd, 2012

Well, Hayek DID win a Nobel Prize

Paul Krugman has announced it: Hayek is not important, and his views have been “discredited,” although he did win the Nobel in 1974 for those “discredited” views. Now, Krugman did not mention More...

By Dr. William Anderson On Friday, December 23rd, 2011

Krugmanomics: Partisanship – Wise Democrats vs Evil Republicans

In his most recent column, Paul Krugman demonstrates once again that he is first and foremost a political operative, or, more accurately, a political hack. Despite the fact that he is a highly-decorated and feted More...

By Dr. William Anderson On Thursday, December 22nd, 2011

Yes, Paul Krugman, maybe we should have Singapore’s tax rates

In calling for higher taxes, Paul Krugman now is trying to claim that if the U.S. Government increases taxes on some people, that will help lead us out of the depression. Now, it would be the first time in human More...

By Stephen Nevets On Thursday, December 22nd, 2011

Paul Krugman tops MRC list for Worst Reporting Quote of the Year

Media Research Center released their “twenty-fourth annual awards for the year’s worst reporting.”  A panel of 48 radio talk show hosts, magazine editors, columnists, editorial writers, and expert More...

By Dr. William Anderson On Wednesday, December 21st, 2011

Drowning in Keynesian fallacies

Whenever a Keynesian, be it Paul Krugman or even the original Keynesian, try to “refute” Say’s Law, they generally create a caricature or straw man, and then refute that instead of dealing with More...

By Dr. William Anderson On Monday, December 19th, 2011

Keynesians: Fight the collapse of the bubbles by creating bigger bubbles

In 2002, Paul Krugman made his infamous statement: To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul More...

By Dr. William Anderson On Friday, December 16th, 2011

Paul Krugman’s overly ‘sunny’ view of solar power

Despite the many failures of the planned socialist economy, it always seems as though the American academic elites believe that THEY can make a go of it. Thus, the Really Serious People (to take a term from Krugman) More...

By Dr. William Anderson On Wednesday, December 14th, 2011

Washington DC is The REAL Oligarchy

Back from Iceland, Paul Krugman now takes on what he calls the Oligarchy, but as usual, he points his guns in the wrong direction. According to Krugman, we have huge amounts of income inequality that is destroying More...

By Dr. William Anderson On Tuesday, December 13th, 2011

Can we “save” the euro through inflation and outright financial fraud? Good luck!

It has come to this: all we need is a bit more time to sort out the financial mess that now engulfs Europe (and, by proxy, the United States). In the meantime, the Federal Reserve System, the European Central Bank, More...

By Dr. William Anderson On Thursday, December 8th, 2011

The lure of inflation – Krugman in Wonderland

In a couple of blog posts this week, Paul Krugman has heaped praise upon that phenomenon known as inflation, claiming, among other things, that the euro could be successful only if it is inflated enough. Since More...

By Dr. William Anderson On Tuesday, December 6th, 2011

A couple of Krugman howlers – Krugman in Wonderland

Every once in a while, Paul Krugman gives us the Ultimate Howlers, and now he seems to have eaten his Wheaties. First, on Social Security, he says this: I’ve written about this repeatedly in the past, but here More...

By Dr. William Anderson On Tuesday, November 22nd, 2011

Do regulations always work as the authors claim?

One of the most enduring of Holy Doctrines from the Progressive Era is that “experts” employed by the government are wise and discerning, and new regulations, be they for finance or the environment, More...

By Dr. William Anderson On Thursday, November 10th, 2011

Icelandic Airhead Economics – Krugman in Wonderland

Update: Krugman’s latest column continues the same narrative: (1) financial deregulation causes all of our problems, (2) inflation is the answer, and (3) despite massive inflation, which has slashed real More...

By Dr. William Anderson On Friday, November 4th, 2011

Considering the source – War good for economy?

It is an exciting day for Paul Krugman! His views have been endorsed by David Frum, who according to the Great One, has “wandered off the conservative reservation.” That Krugman would go ga-ga over More...



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