Monday, October 14, 2013

Paul Krugman, El Rey de la Black Cocada

O típico economista brasileiro é um sujeito arrogante, mal educado, se acha o rei da cocada preta, confunde sua visão política de esquerda com economia e só fala merda. Paul Krugman, como colunista do New York Times, parece um economista brasileiro. Niall Ferguson documenta todos os erros e contradições de Krugman, que acha que está sempre certo e insulta aqueles que discordam dele: today, as you may have noticed, the euro is still intact. Indeed, the Eurozone has two more members than when the crisis began and in January will acquire yet another, Latvia. That is not to say that it won't fall apart eventually. But for the foreseeable future that remains a much lower probability scenario than its survival. I don't know which particular model Paul Krugman was using in the summer of 2012, but it certainly did rather a bad job of predicting what would happen. I laughed out loud at his recent lame excuse that his model couldn't have been expected to predict the action of the European Central Bank. What an awesome model: one that predicts everything about a monetary union except the action of the monetary authority. Besides its wrongness, the other striking feature of Krugman's commentary on the euro is the vitriol he has directed against those struggling to cope with the crisis. In December 2011, he called the then Italian Prime Minister Mario Monti "delusional." In March of this year, incredibly, he appeared to liken the Finnish Vice President of the European Commission, Olli Rehn, to a cockroach. Some people, I have come to realize, are intimidated by this lack of civility. But I am with Dilbert. It's simply absurd for this man to accuse others of "derping," a childish neologism meaning -- in case you've forgotten -- to "take a position and refuse to alter that position ... despite being wrong again and again."

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