Tag Archives: Paul Krugman

Paul Krugman: Finally Wrong About Something?

In June of 2012, left-wing economist and former Enron advisor Paul Krugman — who calls himself (and I quote) “Krugtron the Invincible” — wrote the following in his New York Times blog: “I (and those of like mind) have been right about everything.” Well, unfortunately, his streak of infallibility has just come to an end.…

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A Brief History of Economic Thought — By Jim Cox

Jim Cox is one of my favorite living economists. His slim but pregnant book — The Concise Guide To Economics — is a miniature masterpiece. The following comes from Chapter 37: The Spanish Scholastics of 14th through 17th century Spain had produced a body of thought largely similar to our modern understanding of economics. The…

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The Multiplier Theory

In the Concise Guide To Economics, author and economist Jim Cox correctly explains that the Multiplier is one of the major components of Keynesian policy. For those who still don’t know it, Keynesian economics — named after John Maynard Keynes — are the economics that Barack Obama, as well as George W. Bush (et al),…

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