Wednesday, December 15, 2010

Paul Krugman, Worst Economist of the World {WEOTW}

Orwell and the Financial Crisis
As Brad DeLong says, I’ll stop calling these people Orwellian when they stop using Nineteen Eighty-Four as an operations manual.

Basically he is worst since he is no longer an Economist but just a political pundit. I only wish that Libs would use their same superhuman powers to expose their own rewriting of history. Does it really matter that they want to change a person's bio and change the web site?

And of course Krugman is so stupid as to repeat fiction for some truth. Only in a make believe world are those two confused.
Update: I wonder if Ezra Klein is serious when he asks whose interests are served by this. The right has always understood that the perceptions game is a long game, that you have to rewrite history on a sustained basis to shape the assumptions that govern politics. Work at it steadily, and you have even a liberal Democratic president believing that Social Security only covered widows and orphans at first, that Medicare started small, and that the Clinton-era productivity boom began under Reagan.

So of course they’re working hard, right now, to expunge deregulation and shadow banking from the story of the 2008 crisis.
Ohhh, and that never happens on the left? Maybe he should just open his eyes a little more and be a tad bit less of a partisan hack? Paul Kengor points out plenty of times history has been rewritten by and for liberals in the book "Dupes: How America's Adversaries Have Manipulated Progressives for a Century".



Blogger brad said...

I disagree. He is still a very good economist--by my count, at least half of the posts on his weblog are economics.

I do think that it is a loss that he is spending such a substantial share of his time being a political pundit. But I understand why he thinks the quality of the full-time political pundits is so low that he has to spend some time saying things that ought to be said...

12/15/2010 7:29 PM  
Anonymous Anonymous said...

Krugman is a giant Keynesian economic hack and shill for the admin. The only dilemma is to decide if he is worse than Vandi. Everything he and his ilk ramble on about have been tried, over and over again, and they have always utterly failed. He is equally complicit in attempting to rewrite history.

One only needs to look at the best example in entire US history regarding this issue and that is the economic policy and effects in relation to the depression of 1920 and 1930. One decade is commonly known as the roaring 20's, the other marked an entire decade of double digit unemployment that never went to single digits, not even for a single month.

2/16/2011 5:52 AM  

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