Paul Krugman’s Bias

Published on 12/10/2004 in (modern day) Liberalism, Economics and General. 1 Comment

“For Social Security is a government program that works, a demonstration that a modest amount of taxing and spending can make people’s lives better and more secure. And that’s why the right wants to destroy it”. –Paul Krugman

That’s Paul Krugman a couple days ago.

However, Paul Krugman is on record calling the shortfall a “crisis” that was “so huge as almost to defy comprehension”.

The difference? Administrations. We are now under a Republican Administration, where his previous comment was under a Democrat Administration.

This is the primary reason I have stopped taking Paul Krugman seriously. He has become such a partisan democrat that he sounds more like Al Sharpton than an economist.

HatTip: WashingtonTimes Insider.

Update: More On Paul Krugman Flip Flops.

Update: Even more on Paul Krugman.

Update: Analysis has more.

1 Response to “Paul Krugman’s Bias”

Feed for this Entry Trackback Address
  • Peter
    12/13/2004 at 2:17 pm

    Tom Palmer had another quote from Krugman on his site:

    Social Security is structured from the point of view of the recipients as if it were an ordinary retirement plan: what you get out depends on what you put in. So it does not look like a redistributionist scheme. In practice it has turned out to be strongly redistributionist, but only because of its Ponzi game aspect, in which each generation takes more out than it put in. Well, the Ponzi game will soon be over, thanks to changing demographics, so that the typical recipient henceforth will get only about as much as he or she put in (and today’s young may well get less than they put in).

Leave a Reply