Tag Archives: Paul Krugman

Paul Krugman says faked alien invasion would help US economy. — [VIDEO]

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FORECASTING THE ECONOMY: Keynesian Economics vs. Austrian Economics — [VIDEO]

The 2 videos are designed to convince you that the Austrians’ economic predictions are more accurate. The first video has an intro in French, sorry for that, but the rest of the video is in English (with French subtitles). Keynesians’ … Continue reading

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More Garbage Words: Social Security, “A Minor Fiscal Issue”

Paul Krugman calls Social Security a minor fiscal issue, citing this report in which Social Security spending as a percent of GDP levels off at around 6% in 2030. For someone whose blogging modus operandi is pointing out disingenuous arguments … Continue reading

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Mark Thoma, Superficial Blogger

His post, “The Myth of the Social Security Shortfall”, here, but if you don’t want to defer thinking, read Mish Shedlock on pension underfunding instead. Yes, taxes will have to go up, but it’s not as though sunsetting the Bush … Continue reading

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Paul Krugman Makes a Boo Boo.

In Paul Krugman’s blog entry, Done, at 4:39pm (EDT) on March 21, 2010, he commented: “OK, nothing is sure in this world. Intrade is still giving Obamacare a 2.2% chance of failing, …” He was talking about the InTrade market … Continue reading

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Paul Krugman’s excellent definition of the prediction markets

Paul Krugman: Betting markets don’t have any mystical power, but they do summarize conventional wisdom pretty well; [...] E-mail confidentially to tell me the names of the economists who over-hype the prediction markets.

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Economist Paul Krugman speaking at MIT about the 2007–2010 financial crisis – [VIDEO]

Download this post to watch the video —if your feed reader does not show it to you.

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Paul Krugman Tries to Foist Specious Argument in Tobin Tax Debate.

It was a nice try but short term financing wasn’t a root cause of the crisis. Highly leveraged, incompetent financing, along with a host of agency problems and too little, not too much, trading share most of the blame. Since … Continue reading

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Paul Krugman ridiculizes Justin Wolfers’s thesis advisor.

Paul Krugman – (How Did Economists Get It So Wrong?): [I]n a 2008 paper titled “The State of Macro” (that is, macroeconomics, the study of big-picture issues like recessions), Olivier Blanchard of M.I.T., now the chief economist at the International … Continue reading

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Is economics a science?

I believe that economics is a science, but if you don’t and view economists as politicized wackos, then the latest Paul Krugman is for you. -

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