Comments on: Paul Krugman’s inconvenient track record http://blog.aynrandcenter.org/paul-krugmans-inconvenient-track-record/ Fri, 05 Mar 2010 06:08:48 -0800 hourly 1 By: Damian Erasmus http://blog.aynrandcenter.org/paul-krugmans-inconvenient-track-record/comment-page-1/#comment-832 Damian Erasmus Mon, 06 Jul 2009 16:57:10 +0000 http://blog.aynrandcenter.org/?p=2551#comment-832 Dear Alex, Thank you for this post. I hope that we can challenge Krugman and show just how bad he really is for our country. He is one, if not the biggest, driving force behind a lot of this economic downturn. Dear Alex,

Thank you for this post. I hope that we can challenge Krugman and show just how bad he really is for our country. He is one, if not the biggest, driving force behind a lot of this economic downturn.

]]> By: Timothy Malia http://blog.aynrandcenter.org/paul-krugmans-inconvenient-track-record/comment-page-1/#comment-824 Timothy Malia Sun, 05 Jul 2009 04:27:04 +0000 http://blog.aynrandcenter.org/?p=2551#comment-824 I believe you have misrepresented Mr. Krugman's piece from 8/2/02. If you read the whole piece, which I fear you may not have, you would see he was not prescribing a housing bubble. He was implying that the Fed, Greenspan and Bush would be able to save face with a housing bubble that made the recovery look better but that real spending by businesses was not looking strong. Also, to prove that he was not "prescribing" a housing bubble see Mr. Krugman's piece of just two weeks later, on 8/16/02 -- http://www.nytimes.com/2002/08/16/opinion/mind-the-gap.html -- where he outright states that a housing bubble might be the last piece of the puzzle tripping us into a Japan-style decade of stagnation when it bursts. Your essay's argument appears hollow with just a slight examination of the central point. I'm sure you have many differences in opinion from Mr. Krugman, but this was a poor point to try to make to demonstrate that. I believe you have misrepresented Mr. Krugman’s piece from 8/2/02. If you read the whole piece, which I fear you may not have, you would see he was not prescribing a housing bubble. He was implying that the Fed, Greenspan and Bush would be able to save face with a housing bubble that made the recovery look better but that real spending by businesses was not looking strong.
Also, to prove that he was not “prescribing” a housing bubble see Mr. Krugman’s piece of just two weeks later, on 8/16/02 — http://www.nytimes.com/2002/08/16/opinion/mind-the-gap.html — where he outright states that a housing bubble might be the last piece of the puzzle tripping us into a Japan-style decade of stagnation when it bursts.
Your essay’s argument appears hollow with just a slight examination of the central point. I’m sure you have many differences in opinion from Mr. Krugman, but this was a poor point to try to make to demonstrate that.

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