Paul Krugman Remains as Arrogant and Epistemically Closed as Ever

Don't believe me? Read this, in which he reviews Thomas Piketty's new book and says the following: So what’s a conservative, fearing that this diagnosis might be used to justify higher taxes on the wealthy, to do? He could try to refute Mr. Piketty in a substantive way, but, so far, I’ve seen no sign …

Picking at Piketty

Thomas Piketty's Capital in the Twenty-First Century has basically been declared the Greatest Book in the History of Ever by those on the port side of the political divide. The book declares income inequality to be a serious problem, and it prescribes massive confiscatory taxes in order to solve that problem. (I believe income immobility …

Why Populism Fails

Noting a recent speech by President Obama that had populist overtones--and the near-unqualified endorsement of that speech by Paul Krugman--Clive Crook reminds us that there are limits to the political power of populism: To be more exact, the difficulty lies with an excess of populism -- which is what Krugman and others recommend for the Democrats …