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Sweden Launches MOAR QE, As Krugman Paradise Quadruples Down After Dovish Draghi
Sweden Launches MOAR QE, As Krugman Paradise Quadruples Down After Dovish Draghi Over the last six months, we’ve documented Sweden’s descent into the Keynesian Twilight Zone in great detail. Once upon a time, the Riksbank actually tried to raise rates, only to be lambasted by a furious Paul Krugman who accused the central bank of […]
Economists vs. Economics
Economists vs. Economics Ever since the late nineteenth century, when economics, increasingly embracing mathematics and statistics, developed scientific pretensions, its practitioners have been accused of a variety of sins. The charges – including hubris, neglect of social goals beyond incomes, excessive attention to formal techniques, and failure to predict major economic developments such as financial […]
Krugman’s Dopey Diatribe Deifying The Public Debt
Krugman’s Dopey Diatribe Deifying The Public Debt Actually, dopey does not even begin to describe Paul Krugman’s latest spot of tommyrot. But least it appear that the good professor is being caricaturized, here are his own words. In a world drowning in government debt what we desperately need, by golly, is more of the same: That is, there’s a reasonable argument to be […]
Paul Krugman “What Ails The World Right Now Is That Governments Aren’t Deep Enough In Debt”
Paul Krugman “What Ails The World Right Now Is That Governments Aren’t Deep Enough In Debt” This was written by a Nobel prize winning economist without a trace or sarcasm, irony or humor. It is excerpted, and presented without commentary. From the NYT: Debt Is Good … the point simply that public debt isn’t as bad as legend […]
Economic Crisis Goes Mainstream – What Happens Next?
Economic Crisis Goes Mainstream – What Happens Next? Last year, when alternative economic analysts were warning that the commodities crush and oil crash just after the taper of QE3 were blaring signals for a downshift in all other financial indicators, the general response in the mainstream was that we were overreacting and paranoid and that […]
Austrians vs. The World On Canadian Fiscal Austerity
Austrians vs. The World On Canadian Fiscal Austerity I don’t know whether this is something the average Canadian discusses over coffee, but the sharp fiscal turnaround in the mid-1990s is still providing fodder for today’s economists to argue. In September 2014, I summarized the Canadian budget triumph, in which the federal government turned its deficit into […]
Gold Prices Disprove Krugman
Gold Prices Disprove Krugman Recently Krugman wrote an op ed ridiculing Ron Paul titled, “The Old Man and the CPI.”(In case you don’t get the reference, he’s alluding to Hemingway.) Ron Paul has responded in this video, but I want to focus on Krugman’s complains about gold bugs: Ron Paul has been making the same prediction year after year — […]
4 Mainstream Media Articles Mocking Gold That Should Make You Think
4 Mainstream Media Articles Mocking Gold That Should Make You Think For those of you who have been reading my stuff since all the way back to my Wall Street years at Sanford Bernstein, thanks for staying along for the ride. I appreciate your support immensely considering that I essentially no longer write about financial markets […]
Keynesians Wrong About Stimulus, Coming AND Going
Keynesians Wrong About Stimulus, Coming AND Going In a previous post here at Mises CA I chronicled the hole Krugman keeps digging for himself regarding the botched warnings over the so-called “sequester” in 2013. Specifically, Krugman’s latest excuse is to say that when he argued back in 2013 that the sequester was a “fiscal doomsday machine” and […]
The Dangers of European Dis-Union
The Dangers of European Dis-Union The “European Project” is under unprecedented stress from fissures both east-and-west (over the Ukraine crisis) and north-and-south (over the Greek and refugee crises) – and it’s unclear whether the Continent’s bureaucrats can keep the European Union from splintering apart, as Nat Parry explains. The near collapse of the Greek economy and the […]
From Whence Cometh Our Wealth—–The People’s Labor Or The Fed’s Printing Press?
From Whence Cometh Our Wealth—–The People’s Labor Or The Fed’s Printing Press? It is hard to believe that in these allegedly enlightened times this question even needs to be asked. Are there really educated adults who believe that by dropping helicopter money conjured from thin air, the central bank can actually make society wealthier? Well, yes there […]
THE SCIENCE FICTIONAL FOUNDATION UNDER PAUL KRUGMAN, PART ONE
THE SCIENCE FICTIONAL FOUNDATION UNDER PAUL KRUGMAN, PART ONE Paul Krugman, a few years ago, wrote at length to extol the magnum opus of science fiction grandmaster, Isaac Asimov, the Foundation Trilogy. Prof. Krugman’s reflections thereon are of keen interest. I met Asimov once, 40+ years ago, at a world science fiction convention. I even got him to […]
Paul Krugman is wrong about the UK and borrowing
Paul Krugman is wrong about the UK and borrowing Paul Krugman once did something or other quite good on the economics of trade, winning him the Nobel Prize. He also wrote some rather good stuff in the 1990s about the euro and about how Japan might escape its then-malaise. Quite a lot of orthodox economists […]
BIS Slams The Fed: The Solution To Bubbles Is Not More Bubbles, It Is Avoiding Bubbles In The First Place
BIS Slams The Fed: The Solution To Bubbles Is Not More Bubbles, It Is Avoiding Bubbles In The First Place On one hand there are hard-core Keynesians who will wave the flag of inflation as the only cure to a world drowning in debt, even after the mushroom cloud results of their policies going off […]
truthinesslessness
truthinesslessness Nothing is stable, nothing is straightforward, everything is fixed, and nothing is fixed. O nation of busboys and WalMart greeters, awake and sing! Can an empire founder on sheer credulousness? After last Friday’s jobs report, I think so. For a culture that luxuriates in statistical analysis (and the false idea that if you measure […]
