Paul Krugman, never one to hold back on comments, now has declared that anyone who doe s not believe as he does on global warming is guilty of “treason against the planet.” Lest a reader think I am exaggerating, here is what he wrote: And as I watched the deniers make their arguments, I couldn’t help thinking that I was watching a form of treason
I have no idea if Paul Krugman writes editorials for the New York Times, as well as his own columns. I do know that his excoriation of Europe’s governments in today’s missive is similar to an editorial that appeared last Friday attacking the European governments for not spending to Larry Summers’ liking. Krugman, who I remember a year or so ago
Paul Krugman often will wind a very big lie around a kernel of truth, and in his column today , he does not disappoint. Now, here is someone who openly extols the “virtues” of inflation and complains that the real problem today is that the government is not inflating enough. Today, he turns his guns back on his favorite bug-a-boo, Ronald Reagan,
Even though Paul Krugman on many occasions has trashed Austrian Economics, nonetheless he is not afraid to take an a priori position on his “pet stimulus.” Unfortunately, he refers to “Okun’s Law” which really is no “law” at all, but rather a empirical proposition based upon government-created aggregates. Furthermore, he that government spend even
I find it ironic that the Obama administration says that it is going to ramp up antitrust prosecutions of beleaguered American businesses. After all, it seems to me that Barack Obama is the de facto chairman of both Chrysler and General Motors simultanously, which surely would be a violation of antitrust law. Gee, is Obama declaring himself to be
For all of you who wondered why I had not written my usual Monday missive against Paul Krugman’s latest column, it was because the Krugperson seemed to be making sense. In his Monday, March 23, column , Krugman was critical of the government’s newest bank bailout plan, the “cash for trash” program in which the government co-signs for private
According to Paul Krugman, it was adherence to the Gold Standard that helped push the United States into depression in the 1930s. What I find interesting, however, is the mentality he exposes about himself as he presents his case for wild inflation: What E&T (Eichengreen and Temin) show is that circa 1930 key decision-makers had spent so many
Paul Krugman, who tells us that assets and capital are homogeneous when it comes to economic policy, suddenly claims that there were malinvestments during the boom! (Actually, he does not use the M-word, as he would not know what it means, but I digress.) The Great One writes: Financial firms, we now know, directed vast quantities of capital into
According to Paul Krugman, who wrote in The Return of Depression Economics that governments can solve almost any crisis simply by printing money, declares that California easily could solve its present crisis by raising taxes . First, he goes into the “real” cause of the trouble: Proposition 13. The only problem is that it was passed more than 30
Some French tourists “mistakenly” got into an “unlicensed” taxi after arriving at JFK Airport, so New York police chased the van for several miles, putting the lives of everyone in danger before the driver crashed the van. The AP dispatch makes it sound as though the police were heroes and the van driver was a villain: Plainclothes police
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.