Saturday, June 1, 2013

A Rare Criticism of Nobel Economist Paul Krugman – He is in Toronto Debating Newt Gingrich

But Why?  - Mr. Gingrich is Ignorant of Even Basic Economics

There is very little to find fault with Paul Krugman.  The Nobel winning Economist and opinion writer for the New York Times has been almost completely accurate in his assessment of economic policy that led up to the Great Recession and his analysis of policy that was implemented both in the United States and Europe in response to the Great Recession.  But even Mr. Krugman apparently has his blind spots.

Paul Krugman - New York Times Blog

May 30, 2013, 12:04 pm 

Travel Eh

In Toronto to debate with Newt Gingrich (I guess John Lithgow wasn’t available), so no time for posting. Service probably won’t resume until late afternoon tomorrow.

It is impossible to understand why Mr. Krugman is doing this?  Mr. Gingrich is a total lightweight, a person of almost no knowledge of basic economics, an individual who says what his emotions and political philosophy tell him to say regardless of the relationship of those thoughts to the real world.  There is no argument that Mr. Gingrich can make in disagreement with Mr. Krugman that would have any credibility. For him to debate Mr. Krugman is a non-event, a meaningless activity, a waste of Mr. Krugman’s time.

So why do it?  

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