Fisking Paul Krugman

His fellow left leaning academics see through the propaganda nonsense and grandstanding he passes off as "authoritative knowledge".

Excerpts:

"But Krugman the anti-economist does not believe that growing economic inequality incubated modern political conservatism. In his view, the “arrow of causation” points the other way: political change, cunningly engineered by “radicals of the right,” has spawned egregious economic disparity, as well as a toxic level of partisanship. Ever the iconoclast, Krugman says “this strongly suggests that institutions, norms and the political environment matter a lot more for the distribution of income — and that the impersonal market forces matter less — than Economics 101 might lead you to believe.” In short, it’s the politics, stupid.

The bulk of this book consists of a historical explanation for how this sorry state of affairs came to be. It’s a story that is as factually shaky as it is narratively simplified."


"For all that he inveighs against the evils of partisanship, Krugman astonishingly concludes by repudiating the chimera of “bipartisan compromise” and declaring that “to be a progressive, then, means being a partisan — at least for now.” Indeed, at times he seems more intent on settling his neocon adversaries’ hash than on advancing solutions to vexed policy issues. “Yes, Virginia, there is a vast right-wing conspiracy,” he writes, a sentence that both stylistically and substantively says much about the shortcomings of this book."


"Krugman’s shrill polemic may hearten the faithful, but it will do little to persuade the unconvinced or to advance the national discussion of the important issues it addresses. It may even deepen the very partisan divide he denounces."

Yet I guarantee that you will continue to see snippets in the blogosphere of his (lack of) wisdom and his partisan hackery passed of as the definitive explanation of any and everything.

"The Conscience of a Liberal"?

Don't make me laugh........