Why has economist Paul Krugman turned into an apologist for Big Government?

Question

New York Times columnist and former Enron advisor Paul Krugman penned yet another article recently in which he lambasted Republican opposition to government giveaways. He quotes Senator Jon Kyl (R-Ariz.) as saying that unemployment relief "doesn't create new jobs. In fact, if anything, continuing to pay people unemployment compensation is a disincentive for them to seek new work." Krugman scoffs that "To me, that's a bizarre point of view—but then, I don't live in Mr. Kyl's universe."

http://www.nytimes.com/2010/03/05/opinion/05krugman.html

Yet, in a textbook he wrote called Macroeconomics, Krugman said, "In other countries, particularly in Europe, [unemployment] benefits are more generous and last longer. The drawback to this generosity is that it reduces a worker's incentive to quickly find a new job."

Am I right in assuming that Krugman isn't an economist anymore; he's an apologist for Big Government? What are your thoughts?

Answer 1

Paul Krugman, long time confidence man, narrowly escaped prosecution in the Enron deal, is deep in the pocket of the democrat party and there for will lambaste anything that may expose their progressive agenda or make them look bad. He is a pit bull type attack dog for the Times now, but according to other sources, he is the go between Rahm and the paper and is the prime reason 0bama wants to bail them out! Thats my opinion, thanks for giving me the chance express it. I hope this helps

Answer 2

Sounds about right.... but it's no surprise since Krugman was always a Keynesian big-government lover.



But it IS a surprise he actually made a logical statement relative to economics.



And I was going to say he won the nobel prize, but after seeing the list of other characters who won it (Kissinger, Grass, Obama, Gore, IPCC, Woodrow Wilson, etc) it is clear there is no substance to that prize other than determining which elitists gets a pat on the back at the time by their fellow anti-American global-elite's.

Answer 3

Dr. Paul, of course, with the aid of fact he has been continuously fabulous while Paul Krugman has been continuously incorrect. meaning he's the two incompetent or a LIAR (i've got faith it is the latter). Which certainly one of them issued dire warnings in 2003 approximately what replaced into coming? Which one replaced into laughed at by ability of mainstream "financial experts" (like Krugman) for issuing mentioned warnings? In 2008, Krugman properly blamed the Gramm Leach Bliley act for the housing bubble and its next fall down. undertaking is, he replaced into extra beneficial than an afternoon previous due and a dollar short on that assessment! the place replaced into he in 1999 whilst Ron Paul replaced into all on my own decrying the legislations as a catastrophe waiting to take place? purely after it turns into evident and he might lose credibility by ability of coming to the different end, is Krugman keen to state what the rest persons already knew. And no, the President would not handle the worldwide financial gadget. the indisputable fact which you mentioned that properly-knownshows lots approximately your international view. Globalization lies on the middle of what led to the meltdown interior the 1st place, so the thought which you advise listening to a globalist on financial subjects is it seems that insane. they'll continuously twist fact to defend the gadget that they have got built, whilst it fails. playstation . The Nobel Prize? relatively? you easily take that sh** heavily? it is purely a pat on the pinnacle for sturdy globalist stooges. much extra data that Krugman is to no longer be depended on. ..

Answer 4

Krugman said a collapse of the dollar would benefit America. What a dumbass.



Why does this guy even call himself an economist?

Answer 5

No one pays attention to the commie. We are watching Fox! The Times is dead. Long live Newscorp!

Answer 6

Hypocrisy is king these days. We crowned the biggest hypocrite on the planet to run this nation.

Answer 7

Paul Krugman is a genius, and better than you



Jealous of his Nobel Prize you petty C0nnie?

Answer 8

You are correct, and thanks for pointing out one more liberal who is a sell-out whore.