Mises Search

Paul Krugman, never one to hold back on comments, now has declared that anyone who doe s not believe as he does on global warming is guilty of “treason against the planet.” Lest a reader think I am exaggerating, here is what he wrote: And as I watched the deniers make their arguments, I couldn’t help thinking that I was watching a form of treason

I have no idea if Paul Krugman writes editorials for the New York Times, as well as his own columns. I do know that his excoriation of Europe’s governments in today’s missive is similar to an editorial that appeared last Friday attacking the European governments for not spending to Larry Summers’ liking. Krugman, who I remember a year or so ago

Paul Krugman often will wind a very big lie around a kernel of truth, and in his column today , he does not disappoint. Now, here is someone who openly extols the “virtues” of inflation and complains that the real problem today is that the government is not inflating enough. Today, he turns his guns back on his favorite bug-a-boo, Ronald Reagan,

Just when you think that the bailout mania could not become any more absurd, a “conservative” mainstream economist enters the picture to up the ante of outright stupidity. Martin Feldstein of Harvard, who once served as the chairman of President Reagan’s Council of Economic Advisors, had declared he has discovered the real secret of the current

Even though Paul Krugman on many occasions has trashed Austrian Economics, nonetheless he is not afraid to take an a priori position on his “pet stimulus.” Unfortunately, he refers to “Okun’s Law” which really is no “law” at all, but rather a empirical proposition based upon government-created aggregates. Furthermore, he that government spend even

I find it ironic that the Obama administration says that it is going to ramp up antitrust prosecutions of beleaguered American businesses. After all, it seems to me that Barack Obama is the de facto chairman of both Chrysler and General Motors simultanously, which surely would be a violation of antitrust law. Gee, is Obama declaring himself to be

I don’t know what it is about the Nobel Prize that makes economists fall in love with John Maynard Keynes, but once again I see a Nobel winner trying to convince us that the Keynesian package is sound economics. This time it is Joe Stiglitz throwing idiocy at us in the name of economic authority. While most of his article is pretty bad, he manages

For all of you who wondered why I had not written my usual Monday missive against Paul Krugman’s latest column, it was because the Krugperson seemed to be making sense. In his Monday, March 23, column , Krugman was critical of the government’s newest bank bailout plan, the “cash for trash” program in which the government co-signs for private

The recent New York Democratic primary upset in which self-described “democratic socialist” Alexandria Ocasio-Cortez, age 28, defeated the high-ranking Congressman Joe Crowley is another example of socialism being pushed front-and-center into modern American politics. As usual, the pundits have it wrong when trying to explain what one means by

ABSTRACT : In his famous 1970 paper that raised issues about “lemons” problems in markets in which asymmetric information places at least one party to an exchange (usually buyers) at a big disadvantage, George Aklerlof wrote that if dishonesty continues, a “Gresham’s Law” situation can arise in which the bad products will drive good products out