Sunday, December 22, 2013

CAUGHT AGAIN: Sumner on Krugman on the UK

It is really difficult to understand how NYT columnist Paul Krugman is taken seriously. Scott Sumner writes:

I find it astonishing that Krugman and Wren-Lewis, having done post after post in 2012 describing how the UK does have real fiscal austerity in 2012, are suddenly happy to now argue that a relaxation of fiscal austerity in 2012 is the “reason” for GDP recovery in… erm, 2013.
 Krugman also ignores the fact that his own graph shows fiscal policy in Britain getting more contractionary in 2013, and yet growth picked up sharply! 
Also see, CAUGHT: Krugman Knows What Happens When the Minimum Wage Is Raised and Paul Krugman Collides With The Truth ( Edition)

(Via Tyler Cowen)


As noted above, I took the comment from a Tyler Cowen post. Cowen wasn't clear, but he was apparently not referencing Sumner but a commenter at Sumner's page . Thus, the quotes shouldn't be attributed to Sumner.

1 comment:

  1. Krugman in not an economist but a political pundit with a PhD in propaganda.