RE FERGUSON ON KRUGMAN

Saturday, May 18, 2019

TOOZE AND DK AND I WERE WRONG ABOUT THIS ABOUT TRUMP

"SEE DK CURRENT POST

"...And we do not know how the American electorate will eventually react when it turns out that--as Tooze had realized by the time he finished his book--Trump is really, in practice, an enthusiastic proponent of deregulation, more inequality, and more globalism, who has already been content with very slight changes to NAFTA and will in the end, I predict, accept even less from the Chinese and declare victory on that front, as well...." DK

He is right about this."

Of course, Tooze differs from both DK and myself, in that as an economist, he is normally flatly wrong about everything, not just this one thing.

Krugman has noted that all economists appear to be wrong about the implications of robotics for economic theory.

If they can all (except Krugman) be wrong about one thing, then they can in theory all be wrong, (including Krugman) always, about everything.