Michael Schaus

Paul Krugman has once again decided to call a few “fools and knaves” who disagree with him by some nasty names. In fact, the Nobel Laureate’s habit of lashing out with vitriolic playground language is pretty well documented; and, quite frankly, it demonstrates an astounding lack of self-awareness when it comes from a Keynesian who has turned being wrong into a career option. But in this rare case, I might actually let his painfully ironic comments slide without condemnation.

Clive Crook, with Bloomberg News, decided to take “The” Krugman to task for being less-than civil in his critique of Paul Ryan:

My Bloomberg View colleagues Megan McArdle and Noah Smith have been discussing whether it's all right to call somebody stupid. “No, Paul Ryan isn't stupid,” said Kotlikoff. "No one, and I mean no one, deserves to be called stupid." When I see four extremely smart writers struggling to make sense of an issue, I feel obliged to help. First, as Krugman points out, he didn't actually call Ryan stupid; he called him a conman, which is worse.

Sure… Go read Krugman’s piece if you want the whole story. Or, if you’re trying to save yourself a little aggravation, you can grind a cheese grater against your forehead. I mean, The Krugman calls Ryan a conman, with an amazing degree of unintended irony. In fact, this splendidly fact-free analysis from Krugman would be filed under “fiction” by most people who consider economics a science, and not an ideological weapon for the vengeance of Keynes.

Remember how Krugman tried to use healthcare costs as a way to justify Obamacare? Remember how he said Europe would weather the economic turmoil far easier than America? Remember when he suggested that Europe’s debt crises was in no way related to an ever-expanding welfare state? (That was my personal favorite “Krugman” moment… Government’s spending more money than ever before on entitlements was, somehow, not related to an increasing government debt.)


Michael Schaus

Michael Schaus is the Associate Editor for Townhall Finance, and the Executive Producer for Ransom Notes Radio. He is a former talk show host and political activist. Having worked in fields ranging from construction to financial investment, his perspectives and world views are forged with a deep understanding of what it means to be an American.
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