Krugman Will Never Admit Advocating a Housing Bubble Was Wrong

by Jun 14, 2014Liberty & Economy0 comments

And, yes, Krugman really did advocate that the Fed inflate to replace the dot-com bubble with a housing bubble, all vain attempts to deny this notwithstanding.

Ron Paul vs. Paul KrugmanPaul Krugman comments:

I’ve often noted that to a first approximation, nobody ever admits having been wrong about anything. My usual prime example is all the people who issued dire warnings five years ago that runaway inflation was imminent — and are issuing identical warnings to this day.

I left the following comment in reply:

So when are you going to admit being wrong to advocate the Fed push interest rates down to fuel a boom in housing following the bursting of the NASDAQ bubble, Paul?

And, yes, Krugman really did advocate that the Fed inflate to replace the dot-com bubble with a housing bubble, all vain attempts to deny this notwithstanding. I’ve fully documented this in my book Ron Paul vs. Paul Krugman: Austrian vs. Keynesian Economics in the Financial Crisis.

Any work of economics that can make you laugh is at least worth a look. If in less than 100 pages it also informs you about a subject of great importance, it might just qualify as a must-read. Jeremy Hammond, a political journalist self-taught in economics and a writer of rare skill, has produced such a book.

Barron’s

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About Jeremy R. Hammond

About Jeremy R. Hammond

I am an independent journalist, political analyst, publisher and editor of Foreign Policy Journal, book author, and writing coach.

My writings empower readers with the knowledge they need to see through state propaganda intended to manufacture their consent for criminal government policies.

By recognizing when we are being lied to and why, we can fight effectively for liberty, peace, and justice, in order to create a better world for ourselves, our children, and future generations of humanity.

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