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  • Paul Krugman

    Paul Krugman: Selective Data Usage

    Paul Krugman, in the words of a former New York Times public editor, “has the disturbing habit of shaping, slicing and selectively citing numbers.” Most recently, he selectively cited numbers about austerity in Europe, hoping to redefine the policies that made the German economy so buoyant. Germany is worth paying … More

    The Truth About Spending Cuts and the Economy

    Liberal economists like Paul Krugman might be calling for more government spending to help our ailing economy, but federal spending cuts are the better bet for long-term economic growth according to a new study released today by The Heritage Foundation’s Romina Boccia. Krugman stubbornly argues that government should spend more … More

    Look Closer: Tax Increases, Not Spending Cuts, Are the Harmful Austerity

    Proponents of government spending want to use the recent history of Europe as evidence that spending cuts are harmful, but their arguments lose traction when one looks closely at the data. One example comes from Paul Krugman, who used the International Monetary Fund’s Fiscal Monitor data to argue that “austerity … More

    Krugman Accuses Heritage of "Deluding the Right-Wing Faithful"

    Sigmund Freud described “projecting” as the act of attributing your own shortcomings to others, supposedly as a coping mechanism. These columns don’t quote Freud often, but we couldn’t pass up this description of Paul Krugman’s latest screed, only because it is so deliciously apt. In it, the New York Times … More

    Footnote Failure: Gap Between Productivity and Pay Is Overstated

      Paul Krugman and many others argue that compensation has not grown as fast as productivity. However, most of the apparent gap between the growth of pay and the growth of productivity is a statistical illusion. On the surface, the numbers appear to show pay and productivity diverging. Hourly wages … More

    Food Stamps Don’t Stimulate Economic Growth

    The number of Americans on food stamps, or the Supplemental Nutrition Assistance Program (SNAP), is at historic highs, but some on the left—like Paul Krugman—think that’s not such a bad thing because, as they argue, food stamps “stimulate” the economy: We desperately needed (and still need) public policies to promote … More

    Obamacare: Krugman’s California Dreamin’

    Since California released its health care exchange premium rates late last week, liberals such as Paul Krugman have argued that Obamacare’s predicted “rate shock” will fail to materialize next year. At least three reasons explain why liberals’ argument falls short: 1. Dubious Assumptions About Exchange Enrollment Some independent observers questioned … More

    Debt Drag: Krugman, Konczal Miss the Point

    On their respective blogs, economists Mike Konczal and Paul Krugman criticize the widely cited finding that a nation’s debt above 90 percent of its gross domestic product (GDP) slows economic growth. They presume that the limitations of one study by Carmen Reinhart and Kenneth Rogoff mean that its warning can … More

    Krugman Still Wrong on Federal Spending and the Economy

    A not-so-small cottage industry has grown up refuting liberal economist Paul Krugman’s public pronouncements. It’s not a hard industry to join, and there’s plenty of work, but it can be repetitive. Even so, Krugman’s recent writings opposing federal spending cuts for the sake of the economy are sufficiently troubling to … More

    Is a Tax Cut Always a Good Thing?

    According to Friday’s Washington Post, the Administration is considering a new, short-term tax cut. Should conservatives cheer? As a matter of principle, there are at least two reasons to dislike taxes and to applaud tax cuts. First, taxes take money away from those who made the money in the first … More