Understanding Paul Krugman on Thomas Piketty

Gentle readers, whenever Paul Krugman issues a defense of Thomas Piketty regarding the charges against the latter, by all means, be sure to read that defense. Be sure to consider its merits seriously. Be sure to closely and carefully examine the data Krugman might present in defense of his point and if Krugman actually makes a …

The Tragedy of Thomas Piketty

The latest Pikettian response to Giles's and Giugliano's assertions regarding the quality of Piketty's data and research is to accuse Giles and Giugliano of being "dishonest." (Hat tip in comments here.) I suppose this means that Piketty's is employing a classic I-am-rubber-and-you-are-glue-whatever-you-say-bounces-off-me-and-sticks-back-to-you defense, but there is little substance to the accusation; at best, Piketty can assert (without …

What the Piketty Errors Mean

Remember the Reinhart/Rogoff spreadsheet error? In the event that you do not, here is a summary. Those who follow debates between economists will recall that the spreadsheet error led to all kinds of excorations of Reinhart and Rogoff on the part of liberal economists, who claimed that Reinhart and Rogoff were responsible for austerity policies …

Facts Are Stubborn Things . . . As Thomas Piketty Is Beginning to Find Out

I have bought Thomas Piketty's book Capital in the Twenty-First Century, and while I have posted many an item that takes issue with the books claims and conclusions concerning wealth inequality, I do plan on reading Piketty; his book has made quite the intellectual and cultural impact, and although I know what his basic arguments are, …

Obamacare Is Failing to Insure the Previously Uninsured

The next time that someone like Paul Krugman tells you that all of the problems with Obamacare have been fixed, be sure to refer that someone to this by the indispensable Avik Roy: Last week, I wrote about an article in the Los Angeles Times, on a then-as-yet unpublished report from the RAND Corporation. The report indicated that …

Paul Krugman and the Truth Just Don’t Seem to Get Along

I won't hold my breath waiting for the New York Times to correct Paul Krugman's latest op-ed piece. But the New York Times really ought to correct Paul Krugman's latest op-ed piece. And perhaps it ought to discipline Krugman for being so cavalier with the facts, which in his op-ed, he pretends are "awkward" for the …

The Never Ending Trainwreck

If you want some reassuring news about Obamacare, you have come to the wrong blog: The president of the United States informs us that under Obamacare, we "might end up having to switch doctors." This is the part where I remind readers--as though any reminder were actually needed--that during the campaign for Obamacare, the president reassured …

Clarence Thomas Behaves Admirably at Oral Argument, Thank You Very Much

Following up on this blog post, I want to note Ilya Somin's observations of Clarence Thomas's behavior at oral argument. To be sure, one swallow does not a summer make, and the plural of "anecdote" is not "data," but I hardly imagine that the following is an exception to the rule where Justice Thomas is involved: …

Jeffrey Toobin Sinks to Expectations. Again.

No surprise for those of us familiar with his oeuvre. I suppose that the kindest thing that can be said about Toobin's latest is that he has graduated from sliming the dead to smearing the living; the latter does require more courage, after all. But despite the (exceedingly) modest uptick in bravery, Toobin's attack on Justice Clarence Thomas …