-------- Original Message --------
Subject: | EXPOSING Witchdoctor Krugman |
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Date: | Fri, 13 Nov 2009 08:50:03 -0800 |
From: | Jas Jain |
Thomas Farley said...
As I'm sure many have noticed, Krugman was deriding German "obstructiveness" and "boneheadedness" last December when attacking their response to the recession.
Today, he thinks they're a role model.
Last year he said to "hold your nose" and support the TARP, this year he laments that banker-friendly bailouts are unpopular with voters.
I think it would be useful if he showed his readers how he gets from one view to another and how they are reconciled. As it stands, it just looks like a weather report on which way the wind is blowing.
http://krugman.blogs.nytimes.com/2008/12/11/the-economic-consequences-of-herr-steinbrueck/
http://economistsview.typepad.com/economistsview/2009/11/paul-krugman-free-to-lose.html#comments -x-x-x-x-x-x-
The most important thing to note is that Paul Krugman is a born-and-bred American dope, in the area of economics!, first and anything else, e.g., Nobel Prize winner in economics, after that. Being a born-and-bred America dope trumps all other accomplishments when it comes to understanding the American econo-political system. This handicap is very hard to overcome. Other born-and-bred American dopes (among economists) in the area of economics that have done lot of harm are--Bernanke, Greenspan and Summers.
Jas
1 comment:
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