When Will Paul Krugman Shut Up?

by Will

Will Grigg?s Liberty Minute

June 11, 2012

New York Times columnist and Nobel Prize winning economist Paul Krugman suffers from a condition called ?invincible ignorance?: Despite the fact that he is invariably wrong about everything, Krugman?s confidence in his own supposed wisdom never falters.

Krugman, who has suggested that the government stage a phony alien invasion in order to justify a huge spending program, recently dismissed the Baltic nation Estonia as a ?poster child for austerity.? Since he insists that government spending is the key to prosperity, Krugman considered this to be a wounding insult. People who reside in the reality-based community will reach a different conclusion.

Since freeing itself of Soviet domination, Estonia has become one of the world?s freest and most prosperous economies. It is consistently ranked higher than the U.S. in the annual State of the World Liberty Index. It is the only European nation running surpluses, rather than deficits, and the only one with a growing economy.  While profligate European social democracies are disintegrating, Estonia?s booming tech sector and low tax rates are attracting copious investment capital.

In reply to Krugman?s criticism, Estonia?s leaders politely invited him to restrict himself to subjects about which he has actual expertise. Hopefully Krugman will follow that advice; the merciful silence would be most welcome.

Let us take back the liberty wherewith Christ has made us free.

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