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Reply #108: No-one's perfect, of course, but: [View All]

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johan helge Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-24-10 06:23 PM
Response to Reply #107
108. No-one's perfect, of course, but:

On March 22, 2009, the economist Brad DeLong wrote (http://delong.typepad.com/sdj/2009/03/i-think-paul-krug... ):

"I Think Paul Krugman Is Wrong

I find that a scary sentence to write. If the past decade has taught me anything, it has taught me that mistakes are avoided if you follow two rules:

1. Remember that Paul Krugman is right.
2. If your analysis leads you to conclude that Paul Krugman is wrong, refer to rule #1.

So why do I have a positive and Paul a negative view of the Geithner Plan?"

That's just one example of Krugman criticizing Geithner, by the way. Here's another - http://krugman.blogs.nytimes.com/2010/01/22/what-did-ge... /.

I can't remember that Krugman has said "that maybe Summers and Geithner didn't do a bad job". Do you have a link?


And, by the way, on October 9, 2009, Krugman wrote (http://krugman.blogs.nytimes.com/2009/10/09/modified-go... /):

"Also, with apologies to Brad DeLong, when reading WSJ editorials you need to bear two things in mind:

1. The WSJ editorial page is wrong about everything.
2. If you think the WSJ editorial page is right about something, see rule #1.

After all, heres what you would have believed if you listened to that page over the years: Clintons tax hike will destroy the economy, you really should check out those people suggesting that Clinton was a drug smuggler, Dow 36000, the Bush tax cuts will bring surging prosperity, Saddam is backing Al Qaeda and has WMD, there isnt any housing bubble, US households have a high savings rate if you measure it right. Im sure I missed another couple of dozen high points."






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