Back in March, I wrote The Conscience of the Liberal (1/2), a post I've published only minutes ago.
In March, I had plans to follow Krugman's blog for a while to come up with a (number of) critical post(s) on some of his output. In the meantime, the matter has resolved itself. Better and more knowledgeable minds have produced refutations so powerful that Krugman has now effectively barred articulate criticism from his blog at the New York Times.
Writes American Thinker, in a must-read piece:
A marvelous thing happened over on Paul Krugman's blog at the New York Times last week. Krugman effectively conceded defeat on a range of economic debates. Who defeated him? People who posted comments on his New York Times blog. Mere commenters.
For those who do not know, Paul Krugman is one of the few who still claim that Keynesian progressivism is the answer to America's (and Europe's) problems, not their cause. He
repeats that claim many times each month. Amid these repeated expressions of his "progressive" faith, he now also
repeatedly expresses grim
despair because his progressive policy prescriptions are being accepted less and less in the public square, even by the Obama administration.
[...]
[Among] the dozen or so points that Krugman makes over and over [... here] are a few: Obama's stimulus was
too small. Debt is
good. Austerity is
bad. Deflation is
coming.
Ken Rogoff,
Greg Mankiw,
Alberto Alesina (all at Harvard), and other serious economic scientists do not understand economics as well as he does. Those who do not agree with him are "
mass delusional." And perhaps Krugman's favorite
line: "I was right, of course."
Befitting his ideology, Krugman has only one policy to propose, regardless of topic: Transfer more resources from the discipline and dynamism of markets to the inefficiency and cronyism of government.
Government-run health care. Government-controlled banks. Government bailouts. High taxes. High spending. Krugman wants it all, just like in Europe (which, in 2008, he
called "the comeback continent"). And Krugman has no problems denying economic science and current events to advocate it.
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