Though I like Krugman very much, I disagree with quite a few of his beliefs. A lack of spending isn’t what ails us, and accumulating more debt isn’t going to get us out of debt. We need to address the root of our problems which lie in our tax and trade policies, IMHO. [/quote]
CAR: Krugman gets into trouble when he: A) Refuses to tolerate any viewpoint but his own (see his arguments with Ken Rogoff and Veronique de Rugy), and B) Pushes a political agenda in the face of contrary data or information (AGAINST deficit spending during the Bush II Administration and FOR deficit spending during the Obama Administration.)
The repeated flogging of the Nobel Prize is interesting as well, especially since he received it for International Trade and not any of the topics he’s been railing on about recently.
Interesting link about Krugman contradicting Krugman. Economics is not a science, no matter how much its adherents try to push that notion.
