The Trillion Dollar Coin

There has been much buzz in the past few days about a truly horrible idea.  Instead of having to negotiate with Congress to raise the debt ceiling so the Treasury Department can sell more bonds to pay for more spending, why not just mint a trillion-dollar platinum coin?  This coin would contain one ounce of [...]

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Bad Advice More Popular Than Ever

A BOOK advising married women to have affairs has sparked renewed interest in really bad advice. Experts say Catherine Hakim’s The New Rules of Marriage, which claims that having affairs makes relationships stronger, shows a demand for self-help advice that is not merely trite but actively harmful.

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Krugman: Turn Back The Clock!

Krugman in Wonderland

One of the favorite lines from American Progressives that is used whenever someone speaks of something good that occurred in the past is: “You want to turn back the clock.” To get a sense of how often the phrase is used in just the New York Times, I did a Google search on [...]

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Krugman Destroyed In Debate

This comes from Luis Martin of TrugmanFactor, a blog located in Spain that translates and publishes Daily Capitalist articles. You can skip the intro in Spanish and get to Krugman’s lecture (0:09:19). But the real stuff starts at  0:35:25 where Professor Pedro Schwartz responds to Krugman’s comments in excellent English. Professor Schwartz is a distinguished and [...]

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Krugman’s Great Illusion

Krugman-in-Wonderland Paul Krugman is in Spain this week, most likely telling the Spaniards what they want to hear: The European Central Bank can end the country’s unemployment miseries painlessly by buying near-unlimited amounts of Spain’s government bonds and then floating massive amounts of new euros around the world. Yes, for the umpteenth time, Krugman insists that if [...]

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“The Great Abdication” — Of Responsibility

Krugman-in-Wonderland

Perhaps the most constant theme in Paul Krugman’s recent columns has been his unwavering belief that the only way out of this depression is for governments to borrow and spend, and for central banks to inflate. He continues to beat the old drum that (1) there is not enough regulation of business, (2) [...]

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Egos and Economists Who Yearn for the Nonexistent Past

Krugman-in-Wonderland

Not only does Obama’s Shill-in-Chief Paul Krugman have economics wrong, he has economic history wrong as well.

One of the constant themes of Paul Krugman’s writings these days, other than shilling for Barack Obama and Democrats in general, is the walk down memory lane to the nation’s idyllic past where tightly-regulated industries [...]

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Paul Krugman, Myopic Reactionary

Krugman-in-Wonderland

Everyone now knows about the infamous trading losses suffered recently by JP Morgan, but leave it to Paul Krugman to claim that a bank that operates within a heavily-regulated system somehow is “unregulated.” Oh, I know, Krugman actually is claiming that even Dodd-Frank does not regulate enough and that we need to “turn back [...]

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Professor Krugman, Where Is The Austerity?

This is from the Mercatus Center’s Veronique de Rugy:

We are told that austerity in Europe has failed. The elections in France and Greece, for instance, are supposedly evidence of people’s opposition to severe cuts in spending. However, the growing anti-austerity backlash against Europe ignores one fundamental point: If there is austerity in [...]

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Easy Useless Keynesianism

Krugman-in-Wonderland

When it became clear in 2007 and beyond that the housing bubble was breaking up and the bills for the national spending spree were coming due, the Bush administration shifted into “stimulus” mode. (It was nice getting an extra $2,100 in my checking account, but I defied the government and paid some bills instead [...]

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Austerity Is Blamed Not Praised

This article is by Cato’s Richard Rahn. Professor Rahn is a senior fellow of the Cato Institute and the Chairman of the Institute for Global Economic Growth. He is also a weekly economic columnist for The Washington Times, and serves on the editorial board of the Cayman Financial Review. He developed the [...]

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