Some thoughts this morning from Professor Krugman: - TopicsExpress



          

Some thoughts this morning from Professor Krugman: ...[P]icturesque language, used right, serves an important purpose. “Words ought to be a little wild,” wrote John Maynard Keynes, “for they are the assaults of thoughts on the unthinking.” You could say, “I’m dubious about the case for expansionary austerity, which rests on questionable empirical evidence and zzzzzzzz…”; or you could accuse austerians of believing in the Confidence Fairy. Which do you think is more effective at challenging a really bad economic doctrine? Beyond that, civility is a gesture of respect — and sure enough, the loudest demands for civility come from those who have done nothing to earn that respect… …[T]he worst [kind of bad faith], as far as I’m concerned, involves refusing to take responsibility for your actual statements. “The failure of high inflation to materialize doesn’t mean that I was wrong, because I only said that there was a risk of inflation”. “When I said that Obamacare spending adds a trillion dollars to the deficit, I wasn’t misleading readers, because I didn’t actually deny that the ACA as a whole reduces the deficit.” And of course, people who engage in that kind of bad faith screech loudly about civility when they’re caught at it. When there’s an honest, good-faith economic debate — say, the ongoing controversy about the effects of quantitative easing — by all means let’s be civil. But in my experience demands for civility almost always come from people who have forfeited the right to the respect they demand. krugman.blogs.nytimes/2014/09/14/wild-words-brain-worms-and-civility/?_php=true&_type=blogs&_r=0
Posted on: Tue, 16 Sep 2014 14:04:54 +0000

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