Phillip W. Magness

U.S. Economic & Political History

Paul Krugman’s Personal Inflation Cult

| February 28, 2015

Paul Krugman has been on a particularly nasty kick this week over inflation. At issue are a series of predictions of an impending acceleration of inflation made by a number of economists on “the right” (most notably Alan Meltzer) over the past six year, none of which have played out as of yet. It is entirely […]

The history of Paul Krugman’s own alarmist “inflation addiction”

| July 21, 2014

New York Times writer Paul Krugman offered up a deliciously ironic suggestion in his most recent column: So I have some advice for so-called reform conservatives trying to rebuild the intellectual vitality of the right: You need to start by facing up to the fact that your movement is in the grip of some uncontrollable urges. In particular, it’s […]

Babies cause low wages and unemployment, Keynes Edition

| January 29, 2014

Earlier this week Paul Krugman ventured into the history of economic thought as part of his longstanding blog crusade against Austrian business cycle theory. The post presents Krugman’s own truncated synopsis of another anonymous blogger’s not particularly dispassionate summary of what an incomplete review of the secondary literature has to say on Ludwig von Mises’ early reactions to the […]