Paul Krugman

[winston]

There Ain't No Stinkin Inflation

Paul Krugman has yet another rant out today where he argues that there is no inflation and unless we get some soon we will all be in trouble. Give it a read. (Link)

I made this comment:


PK, What cave are you living in? CPI-W is up at a 7% annual rate in the past six months. (215.262 - 222.954)

Just how high do you want inflation PK? You like 9% maybe? 10% would be better?

Stop blogging. Go shopping. Inflation is very real. You just refuse to see it.

http://brucekrasting.blogspot.com/2011/ ... ation.html

[winston]

Krugman Says It Would Have Been Better for the Economy if the Earthquake had Done More Damage

Paul Krugman takes the broken window fallacy to a entire new level. Following today's earthquake Krugman writes:

People on twitter might be joking, but in all seriousness, we would see a bigger boost in spending and hence economic growth if the earthquake had done more damage.

This is not the first time Krugman has come out in favor of destruction. Here's more, along with an explanation of the Broken Window Fallacy, which Krugman apparently fails to understand, given the many times he has called for destruction.

http://www.economicpolicyjournal.com/20 ... etter.html

[winston]

Paul Krugman is Dead Wrong: Debt Matters By Shah Gilani

Paul Krugman, the Princeton University economics professor, Nobel Prize winner, and regular New York Times op-ed contributor says, "Debt matters, but not that much."

Not only is he off the reservation on this one, but he's completely fallen off his high horse.

In the real world, debt actually matters a lot.

In a Houston Chronicle opinion piece last week, Krugman, riding his horse - whose name might as well be Liberal Conscience - trampled conservatives under the guise of an economics lesson that derided "deficit-worriers" for wrongly seeing "America as being like a family that took out too large a mortgage, and will have a hard time making the monthly payments."

According to Krugman, that's a bad analogy and "the way our politicians think about debt is all wrong, and exaggerates the problem's size."

Decide for yourself. Either debt matters a lot, or not that much...

http://moneymorning.com/2012/01/09/paul ... t-matters/

[winston]

"Top" economist Krugman asks the Fed for HIGHER inflation
From Economic Policy Journal:

Yup.

The man wants the Fed to target in that range.

Your daily dose of madness from the NYT's economist:

... the truth is that recent experience has made an overwhelming case for the proposition that the 2 percent or so implicit target prior to the Great Recession was too low, that 4 or 5 percent would be much better...

The thing is, if we're going to lock in a formal inflation target, now would be a good time to get it right, instead of waiting until the memory of the crisis fades and everyone gets complacent again.

http://www.economicpolicyjournal.com/20 ... price.html

[behappyalways]

"I would be surprised if there isn't a quite nasty recession as China tries to make a transition," Krugman said. "I think investment is going to fall and it's going to take a while for consumption to catch up. "

Why Paul Krugman is scared of China
http://money.cnn.com/2015/01/20/news/ec ... d=HP_River

[behappyalways]

Stagflation Keeps Making A Fool Out Of Paul Krugman
https://www.zerohedge.com/economics/sta ... ul-krugman

[behappyalways]

Paul Krugman Confesses: "I Was Wrong About Inflation"
https://www.zerohedge.com/economics/pau ... -inflation

[winston]

Krugman says he’s ‘fanatically confused’ on where rates are going

It’s possible that a number of dynamics have “changed the picture” compared with pre-Covid.

He cited substantially increased immigration, along with Biden administration industrial policy, “which is inducing a lot of manufacturing investment”.

Businesses potentially may also be stepping up capital spending thanks to new technologies, including artificial intelligence, Krugman

Source: The Star

https://www.thestar.com.my/business/bus ... -are-going