I'll be happy to take Mr. Krugman up on his most generous offer, any place, any time. I have a feeling I'll have to take a number, however.
Posted on 07/02/2010 11:51:21 AM PDT by KentTrappedInLiberalSeattle
Paul Krugman is known for throwing a bomb or two from his platform in the New York Times, but it's really tough to take him for a violent fellow.
In his July 2 blog post, "I'm Gonna Haul Out The Next Guy Who Calls Me ‘Crude' And Punch Him In the Kisser," Krugman lamented criticism of his support for more stimulus spending. A July 1 editorial in The Economist noted that the economy needs more private spending, not more government spending.
"Mr Krugman's crude Keynesianism underplays the link between firms' and households' behaviour and their expectations of future tax and spending policy," the editorial said. "For example, firms across the rich world are hoarding cash. Their reluctance to invest may have more to do with regulatory, financial and fiscal uncertainty than weak consumer demand (see article). If governments address those worries, businesspeople may start spending."
But Krugman argued he does get it, but disagrees - although he didn't seem to address this argument of long-term spending. Instead, he called for more Keynesian medicine.
"All through this debate, a recurring theme among anti-Keynesians has been that Keynesians like me or Brad [DeLong of Grasping Reality with Both Hands] are ignorant primitives who don't know anything about modern macro," Krugman wrote. "It's really hard to see where that comes from, since I've done plenty of intertemporal optimizing in my time. Part of the problem seems to be that the people saying this are taken aback by what we're saying because they don't actually understand the implications of their own models."
Over the past couple years, Krugman has been an outspoken advocate of government stimulus spending, criticized a $775 billion stimulus plan for being too small, called for a second stimulus, and even claimed in 2008 that "we probably have $10 trillion of running room" when asked how much the government could spend to turn the economy around.
But that begs the question - could a conservative economist get away with suggesting he wants to "haul out the next guy who calls me ‘crude' and punch him in the kisser? Doubtful.
Ping! ;)
I can’t get the other side to take the first swing anymore, gutless cowards.
Where and when, Krugman. You get one swing, all I’ll do is bob and weave, maybe intercept.
Then it’s no-rules, baby.
Krugman is simply crude and uneducated. If he really cared he’d note that the lowest taxed sector of our population are going to suffer a 50% increase in their federal income taxes when Obama and Pelosi eliminate Bush’s tax cuts.
I saw Krugman on the O’Reilly Factor a year or two ago. My impression of him as O’Reilly took him apart was that he was a very passive pu$$y who couldn’t stand up to a middle school chess team player. I’d like a shot at him. It wouldn’t take three rounds.
He'll squeal, "No fair!!"
I'll be happy to take Mr. Krugman up on his most generous offer, any place, any time. I have a feeling I'll have to take a number, however.
@ Krugman: You’re crude. And, you’re a punk. And, you’re an ugly-ass troll.
Now, just let me know where. I have plane fare.
Oh, Paul...bring a lunch pail.
Hopefully, we can meet to discuss :-)
Krugman: “It’s really hard to see where that comes from, since I’ve done plenty of intertemporal optimizing in my time.”
Silly me - here I thought our problem was record unemployment, a depressed real estate market, insurmountable debt, underleveraged entitlement problems, states heading straight to bankruptcy, and incoherent economic leadership, and all the while it’s just been a problem of insufficient intertemporal optimizing!
Crudeman ping.
;)
Angry Keynesians? I hear they might play Coachella next year.
The Leftists’ motto: If you can’t scam them, kill them.
I’ve done plenty of intertemporal optimizing in my time.
I used to do that too but my homework always came due!
I’m 5’5’’. Krugman can swing freely. Then it’s on. How much damage could he do to me?
I would LOVE for him to take a swing/..then I can stomp him legal
Isn’t krugman about 5’ tall? That short man/tough guy syndrome always makes me laugh.
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