Mish: Krugman would respond with incomprehensible gibberish "for wonks only" as well as typical Keynesian nonsense about how paying people to dig holes and other people to fill them up would start a chain reaction of growth.A child would see the answer was preposterous, but not a trained economist, politician, or brainwashed academic. Paul Krugman, keynesian economists in general, politicians wanting a free lunch, and most academics are all incurable. http://globaleconomicanalysis.blogspot.com/2013/01/how-to-de... Krugman: Funny: Angry Bear finds some of the usual suspects explaining How to Debate Paul Krugman, and the answer appears to be this: invent a straw man who bears no resemblance at all to the economist/columnist of the same name, and ridicule that imaginary person.Aside from the silliness of the exercise, this little exchange is another illustration of a point I’ve noticed before: the way hard-right commentators assume that the other side must be their mirror image. They insist that no government intervention is ever justified; so liberals must support any and all government interventions. They want smaller government, as a principle; liberals must want bigger government, never mind what for. They believe that deficits and printing money are always evil; liberals must be for deficits and money-printing under all circumstances. http://krugman.blogs.nytimes.com/2013/02/03/despicable-me/It's simple fact that Mish has wildly mischaracterized Krugman's arguments, then takes them on with a vengeance. Or, as the Professor says: An hour spent browsing this blog would quickly refute all of this, together with the bizarre charge that I never look at evidence; you may not agree with my conclusions, but I sure do post a lot of numbers. But obviously looking at what I actually write would just be too painful.
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