Ep. 13 Krugman’s Lame Defense of the Obama Economy

12 December 2015     |     Tom Woods     |     6

Krugman says the economy isn’t really so bad! And the good parts are due — of course! — to what little Keynesian policy the stupid American rubes have permitted. You think he’s going to get away with that, with Contra Krugman around?

Krugman Column

The Not-So-Bad Economy” (Dec. 7, 2015)

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Contra Columns

Krugman Re-Writes His Stimulus History,” by Bob Murphy
Lord Keynes Beautifully Illustrates Why We Get Nowhere in the Stimulus Debate,” by Bob Murphy
Keynesians Wrong About Stimulus, Coming AND Going,” by Bob Murphy
Heads Krugman Wins, Tails ‘Austerity’ Loses,” by Bob Murphy

Other Krugman Items

Knaves, Fools, and Me (Meta),” by Paul Krugman
Averting the Worst,” by Paul Krugman
Labor Supply and the Meaning of Life,” by Paul Krugman

Graphs

Eurostat1

Euro2

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  • Lucien

    “The Not-So-Bad Economy”. The title of the article just implies that something is wrong. Haha wow.

  • Damien Dunn

    You’re complaining that you have to read him, lol. I’m gonna take a class that uses his textbook !

    • Bob_Robert

      No! Don’t do it!

  • https://www.facebook.com/david.rogers.hunt David_Rogers_Hunt

    This entire episode is an illustration that the term, economic science, is an oxymoron because any legitimate science is falsifiable. Time and time again Bob Murphy demonstrates that whatever happens, Krugman could always find a way to spin it so that Tails, I win; Heads, you lose.

    Tom Woods did ask the question as to whether or not all economics spokesmen do this,… for which I thank him. Even by this standard, I believe Austrian Economists still wipes the floor with Keynesians,… it’s just that this is never provable to all neutral parties.

  • David A Galler

    It is the idea ,that the currency can be expanded with no expansion in production which will enrich poor people ,energizes Krugman.

  • Rick Thom

    The dude lied and you caught him. Don’t feel bad about calling him a liar.

    On the other hand – I suspect he keeps gerbils for sexual reasons. I might be wrong, but when I look at him he pings my kinky gaydar well into the red.