Tag Archives | stimulus

Are We All Paul Krugman Now?

Cast your mind back to the heady days of the giant Obama-era “stimulus package” following the financial crisis of 2008. New York Times columnist Paul Krugman—the great advocate of ultra-Keynesian big-government spending—assured us that the only problem with the nearly trillion dollars of pork-barrel spending was that it wasn’t big enough. What we really needed […]

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What to Look for in 2015

We’ve already counted down the top stories of 2014. But what can we say about what’s likely to happen in the new year? What are the big stories to look for in 2015? As the old saying goes, predictions are hard, especially about the future. The biggest stories are usually the things we can’t predict. […]

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Ten Ways Obama Has Failed as President

A poll released last week had some pretty bad news for congressional Democrats heading into the midterm elections. But buried in the poll numbers was a figure that just might constitute an even more important turning point. Respondents were asked: “On balance, do you feel that Obama’s presidency so far has been more of a […]

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The Economy of Illusions

Recently Mark Perry and Don Boudreaux published an article in the Wall Street Journal challenging “The Myth of a Stagnant Middle Class.” They point out that the middle class is better off than nominal measures of income might suggest, because “Household spending on food, housing, utilities, etc. has fallen from 53% of disposable income in […]

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John Maynard Keynes Meets George Orwell

Paul Krugman is famous for his stridency. He advocates a dogmatic Keynesianism with an air of certainty and the frequently repeated aspersion that anyone who disagrees with him is dishonest, ignorant, a hack, a stooge. He cannot be swayed. If there are exceptions that disprove his theories—like, say, the Baltic states—he ignores and ridicules them. […]

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