Thursday, February 11, 2010

Krugman then and now

New York Times columnist Paul Krugman is the liberal's delight. An economist who hates free markets. But Krugman's economic views are, shall we say, malleable?
Economist Don Luskin is a frequent critic of Krugman, often catching Krugman in errors a first-term economics student would not make.
Luskin also has caught Krugman in this flip-flop:

New York Times, March 29, 2005: "...the big step by extremists will be an attempt to eliminate the filibuster, so that the courts can be packed with judges less committed to upholding the law than Mr. Greer. We can't count on restraint from people like Mr. DeLay..."
New York Times, February 8, 2010: "Senators themselves should recognize this fact and push through changes in those rules, including eliminating or at least limiting the filibuster. This is something they could and should do, by majority vote, on the first day of the next Senate session."

Columnist Larry Elder has another dandy pirouette from Krugman:
He found that Krugman hated deficits in 2004, saying, " "We have a world-class budget deficit, not just as in absolute terms, of course -- it's the biggest budget deficit in the history of the world -- but it's a budget deficit that, as a share of GDP, is right up there." But six years later, when the deficit compared to GDP is nearly three times at large, Krugman says it isn't so bad. The only problem is that it isn't high enough!
When people threw old newspapers in the garbage, liberals could get away with that kind of thing. No wonder liberals hate the Internet, where your words and dishonesty live forever.

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