An interesting piece supporting my long-held contention that economics, particularly the Keynesian sort which liberals like Krugman worship, is a RIDICULOUS and WORTHLESS branch of academic mumbo jump that yields nothing valuable but rhetoric.
Harm, on other hand, it produces in abundance.
Caught: Krugman's Shifting Arguments
Mises Daily: Thursday, March 03, 2011
by Robert P. Murphy
It's not newsworthy when Paul Krugman contradicts himself. However, in two recent blog posts on the varying economic fortunes of US states, Krugman's about-face was so complete and so fast that I just have to share.
Krugman's Kind of Contradiction
At the outset I should note that Paul Krugman is a very clever, careful guy. It's extremely rare when I think I catch him actually citing an objective number that is demonstrably wrong. Instead, the typical way Krugman contradicts himself is that he'll make a judgment call of interpretation that goes one way when it helps his Keynesian position, but then in another situation he'll make that same judgment call a different way, again to reinforce his overall worldview.
If the reader isn't a regular reader of Krugman, he or she might not know what I mean. Fortunately, this latest example epitomizes the pattern.
Feb 11th:
Krugman, Take 1: Different Unemployment Rates among the States Are an Illusion
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Feb 25th:
Krugman, Take 2: Different Unemployment Rates among the States Prove That Obama Stimulus Worked
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Full article: http://mises.org/daily/5086/Caught-Krugmans-Shifting-Arguments
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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