Tuesday, March 9, 2010

Quote of the day

Edmund L. Andrews:
But Krugman doesn’t stop there. Perhaps because he’s convinced this is a political battle, he resorts to gimmicky arguments to make a simplistic case that there really isn’t much of a deficit problem at all.
As a result, I think he undermines his credibility by sounding like a propagandist rather than the truth-teller he usually is.

Krugman has been a propagandist for a while now, at least in his NYTimes column. I'm just glad it seems everybody is starting to call a spade a spade. On the other hand, Krugman deserves that Nobel prize for his academic work, even if it produces little policy insight that I can get behind.


George Pal said...

Any little bit of common sense would deeply discount any economist who’s convinced himself he’s always the smartest guy in the room.

The Ancient said...

"I know Paul Krugman, Paul Krugman's a friend of mine, and ..."

I disagree with most of what Paul writes in his NYT column. I particularly deplore the tone and intellectual dishonesty of his blog. And I miss -- very much -- the painfully honest pieces he was once willing to write.

OTOH, I know boatloads of very, very smart people, including Nobel Prize winners (in the sciences, particularly), and I can assure you that Paul is nearly always the smartest person in the room.

Unfortunately, that's no way correlated with *anything* he's been doing for the past several years.

(Brains and judgment so often seem to travel down separate tracks.)

George Pal said...

“Brains and judgment so often seem to travel down separate tracks.”

Krugman has come off the tracks repeatedly in the arrogant belief that having been the niftiest thing on rails there was nothing to keep him from flying. The most recent display of arrogant stupidity was in contradicting himself.

If he ever was the smartest man in the room he’s abdicated. And it’s probably for of a woman. From the New Yorker piece on Krugman and his wife:
“... these days she (his wife) focuses on making him less dry, less abstract, angrier.”

Krugman, with nearly every uneconomic utterance, caricaturizes himself - and that ain’t smart.

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