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.
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.
Regarding that specifically…
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
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.
and here:
Hazlitt goes through “The General Theory”, Keynes’ magnum opus chapter by chapter exposing how bad it is (to be a keynesian).
What’s right with him