Thursday, May 14, 2009

Is Paul Krugman Saying He Is Evil?

OK, let's rewind the tape: left-wing Keynesian Paul Krugman calls right-wing Keynesian Greg Mankiw evil for doubting the Obama administration's shall we say optimistic growth forecast. Mankiw responded to the accusation of evil by challenging Krugman for a public bet, so as to enable Krugman to benefit from Mankiw's alleged wickedness. Krugman did not respond to that challenge.

Krugman is probably happy now that he didn't take that bet, since he now too says that growth will be slow. Given his own previous assertion that forecasts of a weak economy represents evil, doesn't this mean that Krugman has in effect declared himself evil?

3 Comments:

OpenID hpx83 said...

I'd think what Paul Krugman is trying to say is that he is above logic, just like his theories.

10:32 PM  
Blogger Ke said...

No matter how much Obama spends and raise taxes in the next decade or two, Krugman will say, "See!? I told you all that Obama didn't spend and tax enough! That's why we had the great depression II! And it was all W's fault with his small government and free market policies!"

7:41 PM  
Blogger Enginerd said...

He didn't call Mankiw evil. The post was titled "Roots of evil", in context it is clear that evil here is referring to smaller than possible GDP growth or other general underutilization. He is disagreeing with Mankiw, not calling him evil.

6:27 AM  

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