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What's wrong with Paul Krugman, anyway?

What's wrong with Paul Krugman, anyway?

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ama gi Posted: Fri, Oct 23 2009 12:53 AM

I see a lot of Krugman-bashing on this site, and, not being as informed as I should, I'm a little unsure of what is wrong with his economics from an Austrian perspective.  Please enlighten me.

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Daniel James Sanchez replied on Fri, Oct 23 2009 1:00 AM

http://mises.org/story/3583

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Esuric replied on Fri, Oct 23 2009 1:09 AM

He's a political shill who seems to think that he's an expert on all matters. He got his nobel prize 'explaining' why  American's buy German Cars; and now he's suddenly an authority on business cycle theory, political theory, health care, international policy, ect. Nevermind the fact that he's almost always wrong, like when he said that the FED SHOULD inflate a housing bubble in 2001-2002 in order to get us out of that recession. What really pisses me off about him is that he's everything an economist shouldn't be. He places notoriety and prestige above truth; he'd rather be some kind of rock-star than actually contribute to economics as a science.

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Daniel James Sanchez replied on Fri, Oct 23 2009 1:15 AM

Esuric:
like when he said that the FED SHOULD inflate a housing bubble in 2001-2002 in order to get us out of that recession.

Regarding that specifically...

http://mises.org/story/3530

http://mises.org/story/3539

"the obligation to justice is founded entirely on the interests of society, which require mutual abstinence from property" -David Hume
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The Late Andrew Ryan replied on Fri, Oct 23 2009 5:37 AM

ama gi:

I see a lot of Krugman-bashing on this site, and, not being as informed as I should, I'm a little unsure of what is wrong with his economics from an Austrian perspective.  Please enlighten me.

Cuz he's a Kensian.... BURN EM'! BURN THE WITCH! BURN!

 I dunno somone who said that the only way to get out of the last recession was to INFLATE A HOUSING BUBBLE and then gets into political f***ing office when said bubble breaks, seems prettt detestable 2 me

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Jonathan M. F. Catalán replied on Fri, Oct 23 2009 9:06 AM

It's too bad Joseph Stiglitz doesn't have a blog.  In his book Making Globalization Work, he bashes Capitalism and then suggests what is basically Capitalistic liberalization.

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Saiphes replied on Sun, Oct 25 2009 2:01 PM

and here:

http://mises.org/books/failureofneweconomics.pdf

Hazlitt goes through "The General Theory", Keynes' magnum opus chapter by chapter exposing how bad it is (to be a keynesian).

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IrishLiberal replied on Sun, Oct 25 2009 3:19 PM

ama gi:

I see a lot of Krugman-bashing on this site, and, not being as informed as I should, I'm a little unsure of what is wrong with his economics from an Austrian perspective.  Please enlighten me.

 

What's right with him

 

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