Krugman

Time has an interesting portrait. I disagree with Krugman on a lot — to the extent that my degree in physics allows me to disagree with a man who has won the Nobel Prize in Economics. But my respect-o-meter has gone up with his relentless criticism of the Obama Administration. He may be wrong, but he’s no hack.

3 Responses to “Krugman”

  1. section8 says:

    The problem with Krugman is that he’s bashing Obama for the wrong reasons. He wants more government involvement, and is a big fan of Keynes, which is what has been driving this massive debt machine in a snowball effect for decades.

    I wonder if a right thinking economist would have won the Nobel Prize if they were a paid advisor to Enron. I don’t put much stock in the Nobel anymore, as it seems to just be a club for left leaning individuals to pat themselves on the back for how smart they are. It’s about as worthless and empty as the US dollar.

  2. Mike says:

    Krugman probably did win the Nobel because he was a critic of Bush. However, there’s not much question that he deserved it for his decades-long work on trade. Even right-wingers who disagree with him acknowledged that.

    As I said, I think he’s wrong. But he’s consistent in pushing his Keynsian views, which is more than you can say about many “small government” conservatives.

  3. section8 says:

    I’m not going to deny the Krugman is a smart man, I just don’t think a free market type would ever win that award if they had any links to Enron. I could be wrong. As far as defending the GOP type conservatives these days, well I can’t find any reason to do so.