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Posts Tagged ‘paul krugman’

I guess the big “gotcha” in the Krugman bankruptcy “story” was that Krugman’s big spending liberal views on debt led him into bankruptcy and therefore he’s been proven wrong. He has, in essence, refuted himself. Gotcha!

Of course, even if this story were true, it would prove nothing. It would not be a case of Krugman refuting himself because it overlooks the other thing that Krugman says all the time, which is that the finances of an individual / family in no way relate to those of the federal government. 

So to recap: In order to prove that damn hippie Krugman wrong, conservative “journalists” pushed a fake “story” that wouldn’t actually make a point about Krugman even if it were true, which it isn’t. 

Heckuva job, Brownie.

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Krugman opposed the stimulus because it wasn’t big enough and he disagreed with the administration’s position that they could always do another one, if need be.

He was, we now know, right on both counts.

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Atrios:

It isn’t quite as extreme, but there are a lot of similarities between now and the Iraq debate. All of the Cool Kids know how fucking right austerity is, and are condescending to all of the silly children who think they’re wrong. Team Austerity is where the cool kids are, at the parties with the fancy drinks, and all the losers hang out at that dorky Paul Krugman’s house, playing dungeons and dragons.

In the highschool version of the analogy, 10 years later Paul Krugman has a Nobel Prize and all the cool kids still work at Ruby Tuesdays. But in the real world version all the cool kids just fail upwards, and so we get austerity because confidence!

Heckuva job, Brownie.

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