Ron "Austrian" Paul Vs. Paul "Keynesian" Krugman – You Decide

The concept of the business cycle and its un-natural intervention-inspired boom-bust process is at the core of the following three minutes of dueling quotes from two of the most infamous public proponents of change (Ron Paul) and the status quo (Paul K… [...]

Guest Post: Krugman’s Adventures In Fairyland

Submitted by William L Anderson of The Ludwig von Mises Institute, After studying and teaching Keynesian economics for 30 years, I conclude that the “sophisticated” Keynes­ians really do believe in magic and fairy dust. Lots of fairy du… [...]

The "Anti-Economist" Vs Paul Krugman Who Calls Bitcoin the Anti-Social Network

krugman-picsay Paul Krugman wrote an anti-cryptocurrency Op-Ed piece in the NY Times titled the “Anti-social Network”. Now, I know the Times needs to sell ad space and subscriptions, hence technical accuracy may not be exactly what they are going for, … [...]

Guest Post: Paul Krugman’s Fallacies

Submitted by Pater Tenebrarum of Acting-Man blog, Krugman, Summers and the First Keynesian Paul Krugman has used the occasion of Larry Summers' speech at the IMF to lay out his economic views, or let us rather say, his economic fallacies. As we alr… [...]

Spoiler Alert: Godot Never Shows Up

Submitted by Ben Hunt of Epsilon Theory The 18th Brumaire of Janet Yellen One of the more painful lessons in investing is that the prudent investor (or ‘value investor’ if you prefer) almost invariably must forego plenty of fun at the top end… [...]

Have Larry Summers And Paul Krugman Just Had Their Dimon/Dudley Moment?

Submitted by F.F.Wiley of Cyniconomics blog, With my kids getting older, I no longer get much chance to play “What’s wrong with this picture?” This is the game you’ll occasionally find on a children’s menu that&r… [...]

The Biggest Disaster in SE Asia Waiting to Happen: Thailand’s Massive Real Estate Bubble

In 1997, the SE Asian Tigers all faced severe economic stresses, partially triggered by a primarily foreign capital-funded massive real estate bubble in Thailand. Today the EXACT same thing is happening as untempered foreign investment into Thailand’… [...]

The Onion Revealed As Mystery Source Of Larry Summers’ And Paul Krugman’s Economic Insight

The following brief speech by Larry Summers given at the November 8 IMF Economic forum has been getting some attention in the blogosphere over the weekend. The topic of Summers’ speech is the age-old debate of how to overcome the zero lower bound in … [...]

Life Through the Lens of a Central Banker

By: Chris Tell at   I am a central banker. Let me tell you my story. I look presentable, nice suits, am well spoken, I have impeccable credentials. I wear a vacuous stare, though I like to think of it as a stern expression. M… [...]

Keynes’ Ghost Continues to Haunt Economics

Submitted by William L. Anderson via the Ludwig von Mises Institute, When the U.S. economy dipped into an inflationary recession in 1969, Murray N. Rothbard in his introduction to the Second Edition of America’s Great Depression wrote that the Keynes… [...]