Lecturer Ann Robertson: Paul Krugman Entangled in His Own Logic

Friday, February 06, 2015
COUNTERPUNCH -- Philosophy Lecturer Ann Robertson and Bill Leumer discuss economist Paul Krugman in their latest opinion piece. “In a recent New York Times article, Nobel Prize-winning economist Paul Krugman once again takes aim at economists and politicians who are fixated on problems that we won’t encounter for decades, if at all, like the possible insolvency of Social Security and Medicare. Embracing austerity, they demand cuts to these programs in order to keep them afloat,” Robertson and Leumer write. “Meanwhile, they turn their backs on the maladies of the present where we are still suffering from high unemployment and feeble economic growth. “But by failing to analyze the real motives behind his ideological opponents, Krugman unwittingly commits some of their errors and ends up contributing to the real problem.”