Thread

The Beclowning of Scott Bessent

35 points · 21 comments · runeks

vjvjvjvjghv · 1790858287 · focus · HN ↗
I would be more willing to listen to Krugman if he hadn’t spent so much effort during the Biden administration to find reasons why inflation wasn’t bad but just a “vibecession”.
1. redwood · 1790868387 · focus · HN ↗
  What concerns me more is that he generally has been a cheerleader for spend spend spend don't worry about the debt (just like the Trump administration) and all that has come home to roost as Ray Dali ohas been warning. In short it's hard not to view him as a partisan hack and hypocrite if he cheerleads when one party does it and castigates when the other does
  1. bryanlarsen · 1790868732 · focus · HN ↗
    Krugman is an advocate for tax & spend, and critical of any government that increases spending while simultaneously cutting taxes. No hypocrisy there.
    redwood · 1790886323 · focus · HN ↗
    <a href="https://archive.nytimes.com/krugman.blogs.nytimes.com/2011/03/25/deficits-and-the-printing-press-somewhat-wonkish/" rel="nofollow">https://archive.nytimes.com/krugman.blogs.nytimes.com/2011/0...
    bryanlarsen · 1790912875 · focus · HN ↗
    That's an article where Krugman explains when deficits aren't appropriate. He's a Keynesian, so of course he wants deficits in the middle of the financial crisis.
    redwood · 1790935193 · focus · HN ↗
    Good point I was thinking of some other writing by him. This piece is actually him prescient and at his best

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