• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Paul Krugman

    Obamacare Loses Again in Deficit Reduction Debate

    Niall Ferguson poked a hornet’s nest Sunday with his Newsweek cover story, in large part for its claim that Obamacare would increase the budget deficit. “Anyone who actually read, or even skimmed, the CBO [Congressional Budget Office] report knows that it found that [Obamacare] would reduce, not increase, the deficit,” … More

    Do Budget Deficits Reflect American Character?

    Ezra Klein, Mark Thoma, and Paul Krugman take issue with David Brooks for suggesting that the failure in recent years to keep budget deficits under control represents a moral issue. “Every generation has an incentive to spend on itself,” Brooks writes, “but none ran up huge deficits until the current … More

    Are the British Practicing "Austerity"?

    Some prominent left-wing commentators have devoted weekly columns and blogs to the notion that Great Britain has misguidedly pursued harsh spending “austerity” and that doing so has left the country lingering in unnecessary anguish. In the opinion pages of The New York Times, Paul Krugman inveighs that: Britain, in particular, … More

    Pollution Costs and GDP

    Instead of the intellectual vandalism that typifies too much of Paul Krugman’s writing, it would be more useful if he returned to writing about economics…with facts. In a recent column he says: So if you really believed in the logic of free markets, you’d be all in favor of pollution … More

    President Obama, Paul Krugman Botch History

    Proponents of government spending are fond of citing 1937 as an example of when government implemented sharp austerity, and the economy derailed. This argument is dead wrong. On Thursday, New York Times columnist Paul Krugman argued that fiscal austerity right now would make our economic crisis worse. “Even if we manage to avoid immediate catastrophe, the … More

    Krugman Blunders on Analysis of U.S. Manufacturing

    Paul Krugman recently lamented the fact that in recent years, “manufacturing, once America’s greatest strength, seemed to be in terminal decline.” His analysis, though, misses the mark. He reached this conclusion because “in the 1990s, U.S. manufacturing employment was more or less steady. After 2000, however, it entered a steep … More

    Why the Left Hates Debate (and Always Has!)

    Many leftist journalists, bloggers, and talking heads are shamelessly exploiting last weekend’s tragedy in Tucson, Arizona. To them, there is a lesson to be learned in this senseless act of violence by an undeniably troubled man. The New York Times’ Paul Krugman says he was even “at some level, expecting … More

    Onion WPA Joke Would Be Funnier if Krugman Wasn't so Serious

    In an op-ed from last week, Paul Krugman again called for greater government control of the economy to combat unemployment writing: “A rational political system would long since have created a 21st-century version of the Works Progress Administration — we’d be putting the unemployed to work doing what needs to … More

    [Updated] Yes, Paul Krugman, Spending Has Steeply Increased

    In his Monday “Hey Small Spender” column, New York Times columnist Paul Krugman bizarrely denied that federal spending has significantly expanded over the past two years. He asserted that “[t]here never was a big expansion of government spending” and “the big government expansion everyone talks about never happened.” Yet for … More

    How Obama Mis-Spent His Summer Vacation

    Since 1985, the hands-down winner for worst marketing campaign has been New Coke—the disastrous flop when Coca-Cola tried to change its flavor. After 25 years, we have a new contender—President Obama’s “Summer of Recovery” slogan of 2010. The big media splash began in June, touting that “Obama, Biden declare ‘Recovery … More