Wednesday, August 04, 2010

And you shall be free indeed

Peer review inferior to the disinfectant of open comments on the Internet.

First experiment: Paul Krugman:
... it is newsworthy that after years of allowing 5,000-character responses consistent with Times policy, Krugman pulled the plug just as he was so obviously losing the debate. The academic world and the business world share something: They both view this as an admission of defeat.

Krugman is also "losing the audience." Eighteen months ago, Krugman's progressive ideology that was the consensus of the president, the House, the Senate, and not a few Republicans. Now, the Obama administration is evidently worried that it bought economic snake oil from Keynesians like Krugman. Even Ezra Klein is beginning to question the Keynesian economic models of Blinder and Zandi that "got it so wrong."

And so a six-month episode of enlightening economic debate has come to a close. Will Krugman respond to posts on other blogs? We do not know, but routinely in the past, he simply refuses to do so. He is clearly unable to do so, and, surrounded now sycophants and acolytes who tell him how brilliant he is, why should he even bother to try?

Via Don Boudreaux.

No comments:

Post a Comment