Wednesday, April 16, 2014

This Is Not a Joke: Krugman to get $25K/mo from Income Inequality Institute

Gawker reports:
In late February, the City University of New York announced that it had tapped Princeton economist and New York Times blogger Paul Krugman for a distinguished professorship at CUNY’s Graduate Center and its Luxembourg Income Study Center, a research arm devoted to studying income patterns and their effect on inequality.
About that. According to a formal offer letter obtained under New York’s Freedom of Information Law, CUNY intends to pay Krugman $225,000, or $25,000 per month (over two semesters), to “play a modest role in our public events” and “contribute to the build-up” of a new “inequality initiative.” It is not clear, and neither CUNY nor Krugman was able to explain, what “contribute to the build-up” entails.
It’s certainly not teaching. “You will not be expected to teach or supervise students,” the letter informs Professor Krugman, who replies: “I admit that I had to read it several times to be clear ... it’s remarkably generous.” (After his first year, Krugman will be required to host a single seminar.)
(ht  Jim Brownfield)

9 comments:

  1. Yet another data point of how lucrative shilling for the empire can be. {sigh}

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  2. Come on, the only bigger fraud than a elitist neocon is an elitist progressive. Its do I say and not as I do. Look at Robert Reich who I heard charges $40k for a speaking event on the subject. In many ways these guys are some of the best scammers of our times. Kind of like Mike Moore. Nothing quite like becoming rich being anti-rich. That takes real talent. As far as Krugman goes, one only needs to read his early writings when he was an economist to know this Liberal stuff is all an act for $.

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  3. "This Is Not a Joke: Krugman to get $25K/mo from Income Inequality Institute"
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    No....the joke is own the idiots that pay 5000+ dollars per semester for a Nurse or Physical Therapy "Degree". at CUNY.(2014-2015 gc.cuny.edu).
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    Krugman is no Liberal (classical NOR present definition) and he can't possible have a conscience.
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    Fraud.

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    Replies
    1. Krugman is just like any other government shill or bureaucrat. He's a con artist.

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  4. So this institute is promoting income inequality. Now I get it. Where can I sign up.

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  5. I'm not a man who often uses this language, but are you fucking kidding me?

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  6. I'll bet Kruginator didn't roll his eyes in disgust at the offer.

    I'd love to hear some NYT readers defend this one.....Jerry Wolfgang around?

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  7. -- This Is Not a Joke: Krugman to get $25K/mo from Income Inequality Institute --

    Sure, I laughed at the absurdity of Krugman receiving a salary for anything. Then I realized that there is such a thing as an "Income Inequality Institute" - and I laughed much more to the point of exhaustion.

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  8. I think that we are all making the possibly erroneous assumption that the Institute is for the purpose of reducing income inequality. Maybe its real purpose is for raising income inequality, at least in favor of government bureaucrats, tools and cronies?

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