3 ms·
You're being far too charitable here - the idea that Krugman has a history of being wrong has nothing to do with anyone trying to evaluate his track record in a
by candybar 4y ago
You're being far too charitable here - the idea that Krugman has a history of being wrong has nothing to do with anyone trying to evaluate his track record in an objective manner, but everything to do with those who disagree with his political viewpoints trying to take him down a notch, especially to counter his stellar academic career. This is of course silly - Krugman is obviously highly knowledgeable about economics and his understanding of and ability to explain sophisticated economic phenomena are rivaled by few, but the nature of economy is such that anyone that makes lots of predictions publicly is going to have a long track record of being wrong.
- fulafel 4y agoClearly we need a predictions tracker for benchmarking popular forecasters. I wonder if there are any already in existence. There's things like https://www.focus-economics.com/about-us/best-economic-forecasters-awards https://www.focus-economics.com/about-us/best-economic-forec... but they don't count talking heads type stuff.
- spaceman_2020 4y agoIf Krugman doesn’t want people to judge him by his forecasts and predictions, maybe he should stop making them, especially on a widely read public platform? That seems only fair to me. If he doesn’t want his predictions to be judged by lay people, he can do what most academics do and stick to writing for their peers.
- candybar 4y agoThis is a complete non-sequitur - Krugman isn't here complaining about him being judged. And this is a strange reply given that you do not seem to have the ability to correctly judge Krugman. As I had mentioned, GBP/USD has hardly moved since Krugman's tweets, yet you came here to talk about how Krugman is consistently wrong.