Tuesday, May 11, 2010

Economists Consistent, But Not Krugman

BOTWT calls it "Bottom Story of the Day". But this study has shown that of eighteen economists who commented publicly on budget deficits, most were politically even-handed: they had the same thing to say whether a Republican or Democrat was in the White House. Not so Paul Krugman. When Democrats run deficits, it's good, when Republicans do, it's bad. He's the only one in the study who is what Adam Smith would call "a party man".

That's not news (although I'm glad somebody did the research on Krug). But it is cheering that of the 17 others, only 6 were found to have "minor" bias, whatever that means.

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