• "Well written, well researched, and the thesis put forth is well argued.... Woods has opened up an area of historical analysis that should invite further study."
    -Journal of American History

  • "During these times that challenge our freedoms there is no one more qualified to make U.S. history relevant to the fight against big government than Thomas Woods."
    -Barry Goldwater Jr.
    Former Member of Congress

  • "I strongly recommend Woods's work."
    -The Honorable Ron Paul,
    U.S. House of Representatives

  • "Written with great clarity and fluency, making the complex philosophical and theological concepts approachable."
    -Journal of American Studies

  • "A must-read."
    -Barron's

  • "An excellent reading source for anyone interested in financial markets, and much more so for anyone interested in learning about capitalism without all the misinterpretations being thrown about in the financial media."
    -Asia Times

  • "Provocative, well-written, and deserves to be read."
    -Catholic Historical Review

  • "An engaging and important contribution to scholarship on the history of American Catholicism."
    -Journal of the Historical Society

  • "Woods and [co-author Kevin] Gutzman appeal to both left and right in this constitutionalist jeremiad…. The authors' exegeses of the Constitution and court decisions, heavy on original intent arguments, are lucid and telling."
    -Publishers Weekly

  • "A marvelous read. Every chapter taught me something new and unexpected."
    -Tom Bethell, senior editor,
    The American Spectator

  • "The hottest book today is Meltdown, by my friend Tom Woods."
    -Judge Andrew Napolitano, senior judicial analyst,
    FOX News Channel

  • "Should be required reading."
    -Economic Affairs (London)

  • "Woods, one of the best classical liberal [libertarian] scholars of his generation, has once more placed us in his debt with this lucid and tightly argued book."
    -David Gordon, The Mises Review

  • "Tom Woods is one of my dearest allies in the struggle against wrong-headed and dangerous economic policy."
    -Peter Schiff

Paul Krugman Is as Bad as You Thought

Remember some time ago, when people dug up old statements by Paul Krugman, from around 2001-2003, in which he said it would be good for the economy to blow up a housing bubble? Krugman and his supporters had all kinds of excuses for these statements. Why, I was only joking — this was one line Krugman tried to put forth, even though it was obviously a lie based on the context and the sheer number of times he called for artificial stimulus to housing.

Well, not long ago the great Danny Sanchez revisited the whole issue, and it turns out Krugman and his fans haven’t got a leg to stand on. You will find this interesting, I guarantee.

Unlearn the Propaganda!

  • devo

    “The man is willfully missing the point.” , sums up krugman pretty well

  • Anonymous

    Krugman’s comeuppance is long overdue. His theories are hazardous to our health.

  • Bill

    Krugman: often in error, never in doubt. As maddening as his foolishness can be, the arrogance with which he proclaims it is particularly so.

  • Gamble

    The Krugman deity bubble is about to bust, lol.

  • http://www.facebook.com/people/Robert-Roddis/707435410 Robert Roddis

    In 2002 Krugman said that,

    “Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.”

    http://www.nytimes.com/2002/08/02/opinion/dubya-s-double-dip.html

    In 2005, Krugman admitted that the Fed had created a housing bubble and that it wasn’t surprising because…

    “After all, the Fed’s ability to manage the economy mainly comes from its ability to create booms and busts in the housing market.”

    http://www.nytimes.com/2005/05/27/opinion/27krugman.html

    But by 2010 Krugman completely changed his story and tried to absolve the Fed by saying…

    “These considerations suggest that it would be wrong to attribute the real estate bubble wholly, or even in large part, to misguided monetary policy.”

    http://www.nybooks.com/articles/archives/2010/sep/30/slump-goes-why/?pagination=false

    And then by 2012 Krugman started flat-out lying about what he said in the past by claiming he “never bought the story” that the Fed was the cause of the Housing Bubble. I guess it was the other Paul Krugman at the NYT who wrote that column in 2005.

    http://www.youtube.com/watch?v=KrfRS07CAHc ( video: 32:40 mark )

    And most recently Krugman has said that the housing bubble was “just one of those things that happens” every once in a while.

    http://www.youtube.com/watch?v=PD-EWxl_s4o&feature=plcp

  • http://www.facebook.com/jeremy.r.hammond Jeremy R. Hammond

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