I don’t know whether to be impressed or horrified by Paul Krugman.
I’m impressed that he’s always “on message.” No matter what’s happening in America or around the world, he always has some sort of story about why events show the need for bigger government.
But I’m horrified that he’s so sloppy with numbers.
My all-time favorite example of his fact-challenged approach deals with Estonia. In an attempt to condemn market-based fiscal policy, he blamed that nation’s 2008 recession on spending cuts that took place in 2009.
Wow. That’s like saying that a rooster’s crowing causes yesterday’s sunrise. Amazing.
Let’s look at a new example. This is some of what he recently wrote while trying to explain why the U.S. has out-performed Europe.
America has yet to achieve a full recovery from the effects of the 2008 financial crisis. Still, it seems fair to say that we’ve made up…
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