Wednesday, January 24, 2018

Paul Krugman Attacks Ron Paul in The New York Times

Paul Krugman after he lost the debate to Ron Paul
It must still burn Paul Krugman that he lost that Bloomberg debate to Ron Paul.

President Trump stings Kugman in a tweet and he immediately goes to the real thing that still bothers him, that debate loss. I'm sure psychiatrists must have a word for this kind of reversion back to deep pain.

In his latest column, Krugman called Dr. Paul a "frothing-at-the-mouth Austrian type" for his warning that Federal Reserve money printing eventually leads to accelerating price inflation.

I repeat, he goes after Dr. Paul just days after Trump correctly pointed out that Krugman claimed on the day of Trump’s historic, landslide election victory that the economy would never recover from the victory. A disastrous forecast.

And don't forget, Krugman also stated with regard to the internet:
The growth of the Internet will slow drastically...By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's.
But, my all time favorite is Krugman coming out in 2103 with a book,  End This Depression Now!, when it was clear the Great Recession was already over.

Check out GDP in 2013:


As for Ron Paul's price inflation forecast, only a propogandist like Krugman would claim there has been no price inflation and futher not recognize that it has been accelerating of late.


Compared to Krugman, Dr. Paul looks like an on the money modern day Michel de Nostredame.

Robert Wenzel is Editor & Publisher of  EconomicPolicyJournal.com and Target Liberty. He also writes EPJ Daily Alert and is author of The Fed Flunks: My Speech at the New York Federal Reserve Bank. Follow him on twitter:@wenzeleconomics and on LinkedIn. His youtube series is here: Robert Wenzel Talks Economics. The Robert Wenzel podcast is on  iphone and stitcher.

1 comment: