Tag Archives: Paul Krugman
Technical Notes for ‘Banking Buffoonery’
This is an appendix to our earlier post, “Banking Buffoonery, Modeling Mysticism and Why Krugman Should Be Sweatin’ Bullets.” We discuss the Bank of England report and IS-LM model in more detail, using a Q&A format.
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Tagged Austrian economics, Bank of England, Detlev Schlichter, endogenous money, Frances Coppola, IS curve, IS-LM, monetary base, Paul Krugman, Pieria
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Banking Buffoonery, Modeling Mysticism and Why Paul Krugman Should Be Sweatin’ Bullets
We have a few things to say about the recent debunking of established monetary theories. In case you missed it, the Bank of England issued a report in March explaining that standard textbooks get money and banking all wrong. The … Continue reading
Revisiting the Reinhart-Rogoff Kerfuffle, Part 2
This is part two of an article that was published last month in the POLICY Magazine of the Centre for Independent Studies. We updated our reporting on last year’s Reinhart-Rogoff controversy in the first part. In the second part, we explain … Continue reading
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Tagged bad ideas in economics, Belgian debt ratio, bond conversion, budget shortfall, Carmen Reinhart, Centre for Independent Studies, CIS, Congressional Budget Office, credit event, debt cancellation, debt threshold, debt-to-GDP ratio, fiscal challenges, fiscal train wreck, government default, HAP, Ireland's debt ratio, Kenneth Rogoff, Keynesian economists, Paul Krugman, POLICY Magazine, primary surplus, Reinhart and Rogoff controversy, Thomas Herndon
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2013 Most Viewed Posts
Although CYNICONOMICS isn’t quite a year old, we’ll join the bloggers who report their most viewed posts at the end of the calendar year. We added up our page views here and on two other sites that publish our articles … Continue reading
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Tagged America's urban distress, CBO, Congressional Budget Office, federal government debt, Financial Analysts Journal, Jon Stewart, Kevin Warsh, Niall Ferguson, Paul Krugman, Rick Santelli, Seeking Alpha, William Poole, Zero Hedge
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Divisions on the Left: Jeffrey Sachs Responds to Summers and Krugman
Here’s an excerpt from a provocative article written by Jeffrey Sachs this week: [I]t is very frustrating to read Paul Krugman again today write about our current stagnation with so little reflection on his part that his own preferred stimulus … Continue reading
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Tagged Arnold Kling, Jeffrey Sachs, Larry Summers, malinvestment, Paul Krugman, potential output
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Have Larry Summers and Paul Krugman Just Had Their Dimon/Dudley Moment?
With my kids getting older, I no longer get much chance to play “What’s wrong with this picture?” This is the game you’ll occasionally find on a children’s menu that’s based on a picture with, say, a guy holding an … Continue reading
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Tagged Alan Greenspan, Arnold Kling, Bill Dudley, financial regulation, full employment equilibrium, Jamie Dimon, Joseph Schumpeter, Keynesianism, Knut Wicksell, Larry Summers, Larry Summers speech, natural interest rate, Paul Krugman, Phillips curve, PSST, Tyler Durden, zero lower bound
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The Post-Crisis Data Is In, and It’s Not Kind to Keynesian Thinking
Anders Aslund of the Peterson Institute recently made an interesting argument about Europe’s winners and losers. In a critique of Paul Krugman’s advice to Europe’s political leaders, he compares economic performance of the southern European laggards to the northern countries … Continue reading
Niall Ferguson Shatters Paul Krugman’s Delusions
We followed the latest Paul Krugman feud – this one with Niall Ferguson – until Krugman’s tag team partner and CYNICONOMICS reader Brad DeLong entered the fray. After about a half dozen posts on Krugman and DeLong this year, we had some … Continue reading
Has Brad DeLong Admitted to Being Unfair and Imbalanced?
Second Update (July 12) – Brad DeLong would like me to post his response to this. Sorry, Brad, you have your own blog for hurling insults. If the name-calling is important to you, I suggest firing away on delong.typepad.com. As … Continue reading
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Tagged Brad DeLong, Carmen Reinhart, delong.typepad.com, Ken Rogoff, Paul Krugman, Wayback Machine
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