Post by Don on Jan 12, 2017 6:29:15 GMT -5
More proof that Krugman's a media whore and shill for the Democrats, as if more proof were needed.
Bolding mine.
Paul Krugman lobbed his critics a slow pitch over the plate with his recent column titled, “Deficits Matter Again.” The NYT’s famous Keynesian economist has just spent 8 years arguing for bigger deficits under Obama, yet now as Trump is poised to take office, all of a sudden Krugman the fiscal dove has turned into a budget hawk.
Krugman knows full well that cynics will claim hypocrisy on his part, but he claims the economic situation is now different.
But unfortunately for Krugman, we can review his archives from just 2016 and see what his arguments were, leading up to the election. All along, Krugman was arguing for more deficits, and not just as an acceptable byproduct of “public investments” but also because the economy was still weak. Nope, this is a clearcut case of a Krugman Contradiction: Krugman’s statements about the economy and what its condition implied for budget deficits switched in a remarkably short time frame.
The only way to avoid the charge of partisanship is for Krugman to admit that the prospects for medium-term US economic growth suddenly jumped way up because Trump won the election. Does Krugman want to say that?
Krugman knows full well that cynics will claim hypocrisy on his part, but he claims the economic situation is now different.
But unfortunately for Krugman, we can review his archives from just 2016 and see what his arguments were, leading up to the election. All along, Krugman was arguing for more deficits, and not just as an acceptable byproduct of “public investments” but also because the economy was still weak. Nope, this is a clearcut case of a Krugman Contradiction: Krugman’s statements about the economy and what its condition implied for budget deficits switched in a remarkably short time frame.
The only way to avoid the charge of partisanship is for Krugman to admit that the prospects for medium-term US economic growth suddenly jumped way up because Trump won the election. Does Krugman want to say that?
