Ep. 120 Krugman Tries to Explain Away the 2017 Economy
Immediately after the 2016 election, Krugman predicted markets would “never” recover, but after a strong 2017, Krugman is suddenly reminded that presidents don’t have much influence over the economy after all. But if we should need more stimulus, he says, we’ll be sorry we don’t have a Keynesian in office.
“Can the Economy Keep Calm and Carry On?” (January 1, 2018)
“Krugman’s Case for Deficits Flip Flopped IN EIGHT WEEKS,” by Bob Murphy
What Krugman Said
“What Happened on Election Day” (November 9, 2016)
(markets will “never” recover)
It is possible to detect the election in the data: