Saturday, January 6, 2018

This man is superhuman, and very rarely lets his feelings color his economic judgement. In fact, it seems that this happened to him just once, and quickly retracted. Besides, he is so old-fashioned that he tries to admit and learn from his mistakes

This man is superhuman, and very rarely lets his feelings color his economic judgement. In fact, it seems that this happened to him just once, and quickly retracted. Besides, he is so old-fashioned that he tries to admit and learn from his mistakes:

Can the Economy Keep Calm and Carry On? Paul Krugman. The New York Times, Jan 01 2018, https://www.nytimes.com/2018/01/01/opinion/can-the-economy-keep-calm-and-carry-on.html
On election night 2016, I gave in temporarily to a temptation I warn others about: I let my political feelings distort my economic judgment. A very bad man had just won the Electoral College; and my first thought was that this would translate quickly into a bad economy. I quickly retracted the claim, and issued a mea culpa. (Being an old-fashioned guy, I try to admit and learn from my mistakes.)

What I should have clung to, despite my dismay, was the well-known proposition that in normal times the president has very little influence on macroeconomic developments — far less influence than the chair of the Federal Reserve.

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        "Some have asked if there aren't conservative sites I read regularly. Well, no. I will read anything I've been informed about that's either interesting or revealing; but I don't know of any economics or politics sites on that side that regularly provide analysis or information I need to take seriously."--Paul Krugman, New York Times website, March 8, 2011, http://krugman.blogs.nytimes.com/2011/03/08/other-stuff-i-read/

        "I brought up the work of the legal scholar Cass Sunstein, now with the Obama administration, who has studied the radicalizing effects of ideological isolation--the idea, born from studies of three-judge panels, that if you are not in regular conversation with people who differ from you, you can become far more extreme. It is a very Obama idea, and I asked Krugman if he ever worried that he might succumb to that tendency. 'It could happen,' he says. 'But I work a lot from data; that's enough of an anchor. I have a good sense when a claim has gone too far.' "--Benjamin Wallace-Wells, New York magazine, April 24, 2011, http://nymag.com/print/?/news/politics/paul-krugman-2011-5/index5.html

 

Update: The Washington Post & Gavin Schmidt on Sept 2023 temps https://www.bipartisanalliance.com/2023/10/the-washington-post-gavin-schmidt-on.html

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