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Krugman said that Trump, if elected, would bring global a recession. [0] Oops. Point being, he tends to let politics cloud his judgement—especially in the last
by erichocean 6y ago
Krugman said that Trump, if elected, would bring global a recession. [0] Oops.
Point being, he tends to let politics cloud his judgement—especially in the last 10 years or so.
[0] https://www.politico.com/story/2016/11/krugman-trump-global-recession-2016-231055 https://www.politico.com/story/2016/11/krugman-trump-global-...
- throw0101a 6y agoAnd he quickly (2-3 days) retracted that call once he recovered from the initial despair of the 2016 election results: > But will the extent of the disaster become apparent right away? It’s natural and, one must admit, tempting to predict a quick comeuppance — and I myself gave in to that temptation, briefly, on that horrible election night, suggesting that a global recession was imminent. But I quickly retracted that call. Trumpism will have dire effects, but they will take time to become manifest. > In fact, don’t be surprised if economic growth actually accelerates for a couple of years. * https://www.nytimes.com/2016/11/14/opinion/trump-slump-coming.html https://www.nytimes.com/2016/11/14/opinion/trump-slump-comin... * http://krugman.blogs.nytimes.com/2016/11/11/the-long-haul/ http://krugman.blogs.nytimes.com/2016/11/11/the-long-haul/ We all make mistakes: the important things is to own up to them and learn from them. Have any of the people who said Bernanke's QE would cause (hyper)inflation and currency debasement publicly recanted?