Browsing All Posts published on »March, 2013«

Confidence fairy strikes again

March 19, 2013

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March 19, 2013, 8:25 am 1 Comment Cogan, Taylor, and the Confidence Fairy Ugh. And I say that advisedly. John Cogan and John Taylor have a piece in the WSJ (where else) arguing that the latest Ryan budget would actually be expansionary, because confidence! It’s as if all the experience of recent years, in which […]

Krugman on Error-Loving “Economists”

March 19, 2013

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March 19, 2013, 8:07 am Comment The Dunning-Kruger-Madoff Effect Via Mark Thoma, Hale Stewart is bemused by John Hinderaker of PowerLine. As Stewart notes, Hinderaker begins by asserting that everyone knows that an economic crisis is coming — which apparently means everyone he talks to — then rolls out just about every one of the […]