All Posts Tagged With: "Paul Krugman"
Creating Jobs versus Creating Value
The next time anyone starts talking about job creation, stop listening. Jobs come into existence when entrepreneurs are free to create value.
2Feb2012 | Steven Horwitz | 26 comments | ContinuedThe Euro: The Folly of Political Currency
The financial markets continue to surge and collapse based on the latest news from Europe. As of this writing, the big events are Slovakia’s unwillingness to contribute to a bailout fund and the failure of Dexia, a French-Belgian bank with assets of almost $700 billion. As the sovereign debt crisis has intensified in the last [...]
4Jan2012 | Robert P. Murphy | 3 comments | ContinuedFearing Hayek
I’m sensing some panic in the air. Certain people seem mighty concerned that other people are . . . discovering Hayek. As a W. S. Gilbert character might say, Oh horror!
9Dec2011 | Sheldon Richman | 2 comments | ContinuedMore Government Action Needed for Job Recovery?
Would it come as a shock to hear one of the best-known apologists for government intervention in the economy admitting that it hasn’t worked (so far)? This is exactly what Nobel Prize-winning economist and uber-Keynesian Paul Krugman does in a New York Times column, stating, “[W]e are not now and have never been on the [...]
26Oct2011 | Tyler Watts | 1 comment | ContinuedPaul Krugman: We Need to Be Attacked by Aliens
It is widely publicized by now that Paul Krugman, Nobel-Prize-winning economist and all-around smart fellow, said that an attack by aliens would do wonders for the economy because the government would have to engage in massive spending to repel the threat. This is just a variation on the old “War War II Ended the Depression” [...]
16Aug2011 | Sheldon Richman | 1 comment | ContinuedMedical Consumers or Wards of the State?
Paul Krugman wants to know: “How did it become normal, or for that matter even acceptable, to refer to medical patients as ‘consumers’?” Let’s concede for argument’s sake there is something unattractive about viewing patients as consumers. Krugman writes, “Medical care, after all, is an area in which crucial decisions—life and death decisions—must be made. [...]
22Jun2011 | Sheldon Richman | 1 comment | ContinuedWho Told Whom So?
From Mario Rizzo at ThinkMarkets: In recent months – or has it been years? – Paul Krugman and Brad DeLong have been saying, in effect, “We told you so – the stimulus was not enough. Look at the sluggish economy and high unemployment rate.” They are arguing that the problem with the fiscal stimulus is [...]
15Jun2011 | Sheldon Richman | 1 comment | ContinuedDon’t Worry About the Yuan
Especially during dismal economic times, many Americans—goaded by media figures and politicians—look with suspicion on foreigners. This tendency is most obvious in anti-immigrant sentiment, but also manifests itself in a drive for protective tariffs and other trade restrictions. Over the past few years China’s “currency manipulation” has been a particularly hot-button issue. Pundits claim the [...]
25May2011 | Robert P. Murphy | 4 comments | ContinuedThe Keynesians’ Special Case
Governments can neither fool Mother Nature nor violate the laws of economics.
6Apr2011 | William L. Anderson | 7 comments | ContinuedJapan’s Supposed Silver Lining
The Japanese people are going through sheer horror. To spin this tragedy into economic triumph is not just bad economics; it’s an obscenity.
23Mar2011 | William L. Anderson | 16 comments | ContinuedAnd the Slump Goes On
Official economic statistics and the underlying economic reality sometimes differ starkly. Such discrepancies may be almost inevitable when a small group of macroeconomic experts sets the official dates for peaks and troughs of aggregate economic activity. The Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) recently “determined that a trough in [...]
24Feb2011 | Angel Martín Oro | 13 comments | ContinuedWar Would End the Recession?
In his September 28 New York Times blog post, Paul Krugman announced that “economics is not a morality play.” That turn of phrase is his way of defending the idea that in unusual times, such as the sort of deep recession we are in, we can get strange relationships between economic cause and effect. The result [...]
22Dec2010 | Steven Horwitz | 41 comments | ContinuedInflating Our Way to Prosperity?
As more and more money is pumped into the economy, not only do prices go up, but so do inflationary expectations.
10Nov2010 | William L. Anderson | 9 comments | ContinuedMilitary Keynesians Are the Worst Keynesians of All
From the National Journal this week: Two wars are not enough. America’s economic outlook is so grim, and political solutions are so utterly absent, that only another large-scale war might be enough to lift the nation out of chronic high unemployment and slow growth, two prominent economists, a conservative and a liberal, said today. Nobelist [...]
6Oct2010 | Sheldon Richman | 4 comments | ContinuedThe Newspeak of Paul Krugman
No critic of free-market economics can ever again accuse us of being irrational and immoral when it is Paul Krugman who says destruction creates wealth, and war is an acceptable second-best path to economic growth.
30Sep2010 | Steven Horwitz | 39 comments | ContinuedCause, Effect, and the Current Depression
All too often people confuse cause and effect.
11Aug2010 | William L. Anderson | 10 comments | ContinuedGood Economists, Bad Economists, and Walmart
Good economists are seldom popular with the political class. This is not unique to democratic systems; dictators like good economists even less. Why? As a rule, politics doesn’t educate. It obfuscates, pontificates, and prevaricates. It often seeks to advance the interests of the few at the expense of the many. It is a playground for [...]
29Jun2010 | Lawrence W. Reed | 13 comments | Continued-
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Contraception: Insuring the Uninsurable
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The Snow Plowers’ Petition
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Super Bowl versus Education?
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Capitalism, Corporatism, and the Freed Market
When a front-running presidential contender tells the country that thanks to Barack Obama, “[w]e are... Read More
Creating Jobs versus Creating Value
Picking on New York Times columnist Paul Krugman is one of the largest participation sports on the Internet.... Read More




