Courtesy of Mish.
Angry Bear’s column How To Debate Paul Krugman in response to my January 26 column How to Debate Paul Krugman: “Ask Questions Like a Child” was rather humorous for what it did not say.
Three-fourths of the Angry Bear article was a rebuttal of nothing I said, but rather a rebuttal of something stated by Austrian school economist Detlev Schlichter.
“Despicable Me”
Following the cue of Angry Bear, Krugman got into the act with Despicable Me, flattering himself with the notion that he is “History’s Greatest Monster”.
For the record, I never said, nor implied as Krugman claims in Despicable Me that “liberals must support any and all government interventions.”
The irony in that ridiculous assertion is Krugman and Angry Bear both paint a straw man picture that does not exist exist, while hypocritically accusing me of doing just that!
Furthermore, I have never said Paul Krugman is always wrong, nor have I ever said that I am always right.
I happen to agree with Krugman’s original stance on free trade as noted in Fair Trade is Unfair; Are Paul Krugman and Mitt Romney On the Same Page? It just so happens that Krugman was right then, and he is wrong now.
On the monetary front, I have stated numerous times that the Austrian economists and commentators in general were wrong that Fed printing was going to cause hyperinflation.
In Bizarro World Inflation; About that 2011 Hyperinflation Call … I specifically mentioned: It pains me to see articles like On the Brink of Inflationary Disaster by Austrian economist Robert Murphy.
Moreover, I have explicitly stated on numerous occasions that Krugman was right on the inflation score (even though I do not agree with fiscal or monetary stimulus efforts for reasons explained below).
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