IWETHEY v. 0.3.0 | TODO
1,095 registered users | 0 active users | 0 LpH | Statistics
Login | Create New User
IWETHEY Banner

Welcome to IWETHEY!

New Okrent responds
3. The mixing of household and establishment numbers in his 5/25/04 column: Missing from the BLS chart he cites is any number that even resembles the 140,000 new jobs each month needed to keep up with the growing population a statistic he cites in the column, and upon which he seems to have based some of his computations. To my knowledge, that number only appeared in the household survey.

4. The Polivka-Miller paper: On the substance, readers can come to their own conclusions by examining the report themselves, particularly the chart and related narrative addressing \ufffdDuration of Unemployment\ufffd on page 23 (pdf). On Prof. Krugman\ufffds defense of his unfamiliarity with it, he\ufffds effectively saying, \ufffdIf I didn\ufffdt know about it, it must not be important.\ufffd This is a polemicist\ufffds dodge; no self-respecting journalist would ever make such an argument.

5. Some other examples of Krugmania that popped out of my copious files:

His 1/27/04 assertion that the cost of unemployment insurance \ufffdautomatically\ufffd adds to the federal deficit. This two-fer misrepresents a pair of facts: that unemployment insurance is largely borne by the states, and that major federal contributions to the states come about only because of an act of Congress, which is hardly automatic.

His 2/3/04 assertion that tax proposals offered by Democrats would help the 77 pecent of taxpayers in the 15 percent bracket or less. The most recent generally accepted figures available at the time indicated that the number was actually 64 percent.

A very recent example that nonetheless escaped my memory until Prof. Krugman generously reminded me of it in his letter: His 5/9/05 column on progressive indexing. The column itself (without the ex post facto explanation) suggestively conflates \ufffdretirement income\ufffd and \ufffdsocial security benefits\ufffd without sufficient explanation, but with plenty of apparent point-making.

Believe me -- I could go on, as could a number of readers more sophisticated about economic matters than I am. (Among these are several who, like me, generally align themselves politically with Prof. Krugman, but feel he does himself and his cause no good when he heeds the roaring approval of his acolytes and dismisses his critics as ideologically motivated.) But I don\ufffdt want to engage in an extended debate any more than Prof. Krugman says he does. If he replies to this statement, as I imagine he will, I\ufffdll let him have what he always insists on keeping for himself: the last word.

I hate to do this to a decent man like my successor, Barney Calame, but I\ufffdm hereby turning the Krugman beat over to him.

[link|http://forums.nytimes.com/top/opinion/readersopinions/forums/thepubliceditor/publiceditorswebjournal/index.html?offset=1&fid=.f779788/1|Link]

The folks over at the Krugman Truth Squad at NRO seem to be enjoying this. In fact, they are taking [link|http://www.nationalreview.com/nrof_luskin/luskin200506011007.asp|nominations] of outrageous Krugmanisms for a Jayson Award.
New They aren't the only ones...
[link|http://delong.typepad.com/sdj/2005/05/why_oh_why_cant_12.html#more| Brad DeLong ]

     Paul Krugman selectively cites numbers - (bluke) - (7)
         Says noted economist Daniel Okrent - (Silverlock)
         Proof. We want proof. - (inthane-chan) - (1)
             Y'know the tactic. Tell a lie often enough and ... -NT - (mmoffitt)
         Let's at least have the decency to give the full quote... - (Simon_Jester)
         And it's not quite over yet.... - (Simon_Jester) - (2)
             Okrent responds - (johnu) - (1)
                 They aren't the only ones... - (Simon_Jester)

An eye is upon you... staring straight down and keenly through!
55 ms