Hack Editorialist Paul Krugman Takes on a Nobel Prize Winner and Loses


In case you missed this from Friday, you need to go check it out.

Hack editorialist Paul Krugman attacked Jim Bunning last week for blocking the extension of unemployment benefits. Krugman said “What Democrats believe is what textbook economics says”, namely that the government should keep paying unemployment benefits.

There’s just one problem. As James Taranto pointed out, a Nobel Prize winning economist has written a very popular textbook that points out exactly what Republicans are saying — “Public policy designed to help workers who lose their jobs can lead to structural unemployment as an unintended side effect . . . . Generous unemployment benefits in some European countries are widely believed to be one of the main causes of “Eurosclerosis,” the persistent high unemployment that affects a number of European countries.”

The author? Nobel Prize winning economist Paul Krugman and his wife Robin Wells.

Paul Krugman, editorial hack, loses.


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15 Comments Leave a comment

Oh Noes

AndrewHyman (Diary) Monday, March 8th at 12:26PM EST (link)

All my illusions are shattered, torn and tattered, lying on the floor. I thought that all Nobel laureates are honest and sincere. The horror.

lol!! nt

Mississippi Conservative Monday, March 8th at 12:28PM EST (link)

Christy Soloveichik
**************************************
I am at rest in God alone; my salvation comes from Him. He alone is my rock and my salvation, my stronghold; I will never be shaken.
Psalm 62:1-2

 

Well, at least the Peace Prize winners are deserving

RedBeard Monday, March 8th at 12:51PM EST (link)

Of… something.

Standard-bearer for grouchy curmudgeonry since, oh, 1975 or so.

 
 

For 'tis sport to see the engineer hoist with his own petard...

Paul_In_Houston Monday, March 8th at 12:47PM EST (link)

… and Bunning and Taranto would probably like to conue with.
“But I will delve one yard below their mines, and blow them at the moon.” (~Hamlet)

As Cecil Adams, of The Straight Dope, noted:
Dirty Harry couldn’t have put it any better

:-)

 

Hilarious.

Flagstaff (Diary) Monday, March 8th at 1:41PM EST (link)

Krugman couldn’t sell watermelons if a state trooper was flagging down traffic at the side of the road.

“The press is so powerful in its image-making role that it can make a criminal look like he’s the victim and make the victim look like he’s the criminal. If you aren’t careful, the newspapers will have you hating the people who are being oppressed and loving the people who are doing the oppressing.”– Malcolm X, Audubon Ballroom, December 13, 1964

 

Atta boy Krugman. Make all Pauls look stupid

E Pluribus Unum (Diary) Monday, March 8th at 1:49PM EST (link)

Ass- hat.

Kill the Terrorists
Protect the Borders
Punch the Hippies h/t IMAO

Ditto that

throwback59 Monday, March 8th at 5:11PM EST (link)

The only thing worse than being called “Paulie” is sharing a name with that
(literally now) two-faced jerk.

 
 

As a former Enron advisor, Krugman is used to

Old_Crow (Diary) Monday, March 8th at 1:51PM EST (link)

spinning both sides of an issue. His drivel used to be entertaining but he’s gotten so bitter over the years that his column isn’t worth reading anymore.

“Enlightened statesmen will not always be at the helm.” — James Madison

 

Krugman is just another intellectually dishonest hack

peg_c (Diary) Monday, March 8th at 2:02PM EST (link)

And the Nobels have jumped the shark. Except maybe for physics.

Government cannot be the solution when government is the problem.

The Exception

AndrewHyman (Diary) Monday, March 8th at 2:47PM EST (link)

In that case, I will go for the physics prize. “-)

 
 

Wait...extending or increasing unemployment benefits...

kyoufuu (Diary) Monday, March 8th at 3:49PM EST (link)

motivates the unemployed to remain that way? What?!? You mean to tell me that some people view getting paid to do nothing as better than getting paid to do anything? Paul Krugman, you so crazy.

Oh… that was the nonpolitical, rational Paul Krugman. Oh ok. Whew.

“There are more instances of the abridgment of the freedom of the people by gradual and silent encroachments of those in power than by violent and sudden usurpations.” — James Madison

“I swear by my life, and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine.”

 

oh geez guess who's talking...

youdontknowyourself Monday, March 8th at 6:25PM EST (link)

about it..

http://b it.ly/aSb1ko

give me a break

Alas, we ban temporary email accounts on sight.

Moe Lane (Diary) Monday, March 8th at 9:08PM EST (link)

We also don’t particularly care what dKos thinks or writes about us, except in terms of our own amusement.

 
 

We know that facts are anathema to liberals

RedBeard Tuesday, March 9th at 6:55AM EST (link)

But it’s amusing to see Krug’s knee-jerk liberalism trampling his own facts. Oh, the mental conflict! Must be terribly distressing in his quieter moments with himself.

Standard-bearer for grouchy curmudgeonry since, oh, 1975 or so.

 

Twisting The Night Away

leehazel Tuesday, March 9th at 10:47PM EST (link)

This just “shows to go ya” how completely off-planet the Democrats have become. Delusional is the operative word.

PCis Thought Control
LEE