Earlier this week Paul Krugman took another step closer to conceding that the case against income inequality is mistaken. He said, “I’m actually a ... [Read More]
Krugman Ignores Buyers Surplus and the Motivational Value of Status
In today’s “The Showoff Society” Paul Krugman continues to blame the drive for status among America’s most successful workers for abundant waste that ... [Read More]
Does Rat Race Waste Resources? Krugman and I disagree
Paul Krugman demonstrates a laughable misunderstanding of economics in his blog post “Having It and Flaunting It” yesterday. He mistakenly claims ... [Read More]
Social Security Significantly Impacts Distribution of Wealth
In a post about a survey released this month showing Americans are much less concerned about income inequality than Europeans, despite similar ... [Read More]
Fed Data Shows Less Lending, Not More Saving, Factor in Recession
In their book, House of Debt, Princeton economist Atif Mian and University of Chicago economist Amir Sufi claim reduced consumption by subprime ... [Read More]
Krugman Ignores Failed Keynesian Predictions
In his blog post yesterday, Paul Krugman claimed: “We have a pretty good model of aggregate demand, and of how monetary and ... [Read More]
Summers and Krugman Justify Stimulus Using Mian and Sufi’s Hard-to-Believe Theory Subprime Savings Caused Great Recession
Larry Summer and Paul Krugman cite Atif Mian and Amir Sufi's hard-to-believe theory of the Great Recession to justify fiscal stimulus. In their book, ... [Read More]
