Krugman says one thing, expect the opposite to happen!!!
Serious question. How did he win a Nobel when his theory hasn’t been proven?!!!
It is a serious question.
Unfortunately there is no serious answer.
I looked up what he won it on and no idea why that won
AI sayeth, and it’s generally accepted. I’ll stand by tor the usual outliers, or is is outliars.
AI sayeth…
“In the field of economics, Paul Krugman’s Nobel Prize-winning work is considered empirically validated and has become a cornerstone of modern trade theory. While his daily political columns are often debated, his academic theories on trade and geography are part of the standard curriculum because they successfully explained real-world patterns that previous models could not.”
Shitting on the reputation of outstanding, productive citizens such as Fauci and Krugman is somewhat of a cottage industry among the never. were, never will be right-wing whiners. And even more disgusting is rationalizing most everything Trump does as the most productive path.
It’s not. His work has not been validated. That’s an error in the article
Stick to rationizining the Lunatic in Chief. It’s what. you do best, and keeps you from doing anything really damaging.
I think we need to wait until the Supreme Court rules on tariffs. I think a lot of companies have been eating most of the tariffs because of uncertainties and if they rule that they are hunky dory and this guy who took casinos into bankruptcy 3 times knows his stiff then they willl start to be passed on. It doesn’t help that our dear leader lashes out at former friends…when will the 100% tariffs on everything from Canada take effect? He threatened to do that because his feelings got hurt by Mark Carney’s speech at Davos…and was better received than his demented rants. He also banned Canadian built aircraft because Canada delayed certification of Gulfstream (rich people) jets pending the results of safety testing.
Trump and tariffs…when all you have is a hammer, everything looks like a nail.
Right from Wikipedia
The econometric evidence for NTT was mixed, and highly technical. Due to the timescales required, and the particular nature of production in each ‘monopolizable’ sector, statistical judgements were hard to make. In many ways, the available data have been too limited to produce a reliable test of the hypothesis, which doesn’t require arbitrary judgements from the researchers
I think they are going to rule again trump but they can’t figure out how to unwind it all. That’s my theory.
Krugmans theory has never been “proven” or “disproven”, because it is economics and there are basically no “proofs” in economics.
But it was nothing spectacular or world changing.