kitten corner: y'all been krugmanned!

adventures of the world's wrongest practitioner of the world's wrongest economic doctrine

gatito bueno

Sep 26, 2022

505

181

so, i kinda thought maybe this was a little mean when i first saw it

but honestly, if this krugman guy is some sort of top dog keynesian and all, i’m starting to think that maybe it was pretty charitable…

181 Comments

Timothy JAE

Krugman "invented" the academic field of monetary crisis?!

In fact, Ludwig von Mises articulated the fundamentals of monetary crisis long before Krugman was born:

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

Krugman's entire career may be viewed as a misdirection from this inexorable truth.

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5 replies

Michelle Dalsing

"I did invent the academic field" does not lend confidence. Maybe if he brought his nose down a few degrees he could see what is happening.

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