August 29, 2005

Professor Krugman should have his tenure revoked

By Noel Sheppard
Fresh from his ground—breaking performance on ABC's This Week last Sunday, New York Times economic fiction—writer, Paul Krugman, has penned an  op—ed  filled with more insipid economic distortions than most people can take with their morning coffee. In this most recent novella, Professor Krugman is once again trying to instruct his class —— which consists exclusively of folks addled enough to believe his faux statistics —— as to why the economy isn't doing as well as the Bush administration is saying, and, sadly, why people should feel bad about their improving financial condition regardless of the outstanding economic data that continues to be released day after day. With that in mind, why don't we audit Professor Krugman's class this morning, and see whether we can help correct some of the fallacies in his lecture? But although many people say "four million jobs in the last two years" reverently, as if it were an amazing...(Read Full Article)