Friday, May 31, 2013
I have known Krugman for a long time; I admire him. I share many of his convictions. I would even say that we are friends. His career as a journalist, like his career as an economist, has been studded with brilliant coups.
But as in the Little Rock case, he lacks a governor; or, in this situation, even an editor. The earlier episode ensured that Krugman would never again serve in government. (He had done a turn the CEA as a junior staffer under Martin Feldstein in the early 1980s.) This one surely cinches the case that he should never win a Pulitzer Prize. The habitual thumb on the scale has become contempt for the balance itself.
Paul Krugman on Debt, but Are Soaring Interest Rates Running Against Him? | The Business Desk with Paul Solman | PBS NewsHour | PBS
Paul Solman: The big brouhaha in economics recently, about which I posted some weeks ago, has pitted Nobel Prize-winning economist and New York Times columnist Paul Krugman and others against the famous academic research of Harvard economists Ken Rogoff and Carmen Reinhart, now famously challenged for a coding error and overstatement. The last few days have seen a flurry of thrust and parry, with Rogoff and Reinhart defending themselves eloquently and at length on Saturday against Paul Krugman's recent contumely in an "open letter". The estimable and evenhanded economics journalist David Warsh backed them and blasted Krugman in his weekly Economics Principals column on Sunday.
ALFRED, Maine – A high-profile prostitution scandal featuring sex videos, adultery, exhibitionism and more than 100 clients drew to a close Friday when a Zumba fitness instructor who turned her studio into a brothel was sentenced to 10 months in jail.
Funny, she doesn't *look* like a zumba-instructor-prostitute.--ts
The Benghazi scandal was and is shocking, and the Justice Department assault on the free press, in which dogged reporters are tailed like enemy spies, is shocking. Benghazi is still under investigation and someday someone will write a great book about it. As for the press, Attorney General Eric Holder is on the run, and rightly so. They called it the First Amendment for a reason. But nothing can damage us more as a nation than what is happening at the Internal Revenue Service. Elite opinion in the press and in Washington doesn't fully understand this. Part of the reason is that it's not their ox being gored, it's those messy people out in America with their little patriotic groups.
Noonan is absolutely correct about this. I don't want to be too cynical, so I won't say the IRS scandal will just be swept under the rug. But whether it is or not will prove to be whether the whole country goes the way of Chicago. --ts
Wednesday, May 29, 2013
Why the surprising show of solidarity--especially from the Times, which has labored mightily to rationalize away the other big Obama scandals, around Benghazi and the Internal Revenue service? Because they realize the Obama administration's days are numbered (the number is 1,333 as of today). Even if Holder's justice department wouldn't dream of going after the New York Times--and the AP story calls that assumption into question--a future administration might not be so afraid of being seen as Torquemada. So we're all Fox News now.
Tuesday, May 28, 2013
“In regard to potential prosecution of the press for the disclosure of material — this is not something I’ve ever been involved in, heard of, or would think would be wise policy,” Holder said during the hearing.
However, NBC News reported the following week that Holder personally approved a search warrant that labeled Fox News chief Washington correspondent James Rosen a co-conspirator in a national security leaks case.
Friday, May 24, 2013
CAMBRIDGE – There is no magic Keynesian bullet for the eurozone’s woes. But the spectacularly muddle-headed argument nowadays that too much austerity is killing Europe is not surprising. Commentators are consumed by politics, flailing away at any available target, while the “anti-austerity” masses apparently believe that there are easy cyclical solutions to tough structural problems.
I have been holding my powder on this, because I didn't want to relive the misery I experienced in 2009 and 2011 when I dared to criticize the executive branch for not understanding and/or respecting the role the founders of this country tried to guarantee for the press in a democracy.
But I am going to rejoin the battle, because what the White House is doing is truly in a league with Nixon. The difference is that we now have a dumbed-down, wimped-out and suck-up press compared to the one Nixon faced. And what passes for media criticism is, in the main, even more spineless and pathetic.