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Re:Why the young should welcome austerity by protomyth on Sunday June 17, 2012 @08:01PM (#4124242)
Interesting, I find Krugman to be more ideological than reasoned, but I that could be from working on government stuff in the 90s. I would recommend reading about spending changes in 1946, it is quite an interesting era to compare to 1920, 1929, and today.
Re:Why the young should welcome austerity by gruseom on Sunday June 17, 2012 @08:42PM (#4124348)
Do you have the same opinion about Baker? I find him to be less political than Krugman (which doesn't necessarily mean less ideological). His posts are almost always based on data and seem to make a pretty strong case. Plus he called the housing bubble really early (2002 or so), again just by looking at data.

Probably the most interesting point that Baker makes (makes ad nauseum, in fact) is that the US's fiscal dilemma is almost entirely a matter of health care costs.

Re:Why the young should welcome austerity by protomyth on Monday June 18, 2012 @09:48AM (#4126368)
I've only read a little bit of Baker from his stuff on housing, and I tend to agree with him. He does a decent job of actually backing up his point without the slight-of-hand graphs Krugman uses. I am not fond of his headline writings to attract attention. His criticism of the regulators is detailed and backed up well.

I really, really wish we had gone another way on health care. Moving health care away from company to individual purchases, health savings accounts, government health disaster insurance (everything over a certain $ amount), massive changes to IHS. Phasing in items and protecting from day one our most vulnerable populations (fix the leaks instead of buying a new boat).

Re:Why the young should welcome austerity by MaysonL on Monday June 18, 2012 @01:11AM (#4125085)
I'm curious: do you have any examples where Krugman is flat-out wrong? There are many cases where the people whom he criticizes are. His predictions have been more right than wrong, imho.
Re:Why the young should welcome austerity by protomyth on Monday June 18, 2012 @09:51AM (#4126378)
Well, that link I posted sure is him being wrong.
Re:Why the young should welcome austerity by MaysonL on Monday June 18, 2012 @06:30PM (#4128938)
Actually, I'll have to disagree with you on that.
Re:Why the young should welcome austerity by protomyth on Tuesday June 19, 2012 @02:51PM (#4133474)
Well, if using deceptive graphs aren't very convincing (see all of the results of his article). Perhaps his criticism of Germany, Estonia, and his writings on the stimulus actions by the USA which turned out to be wrong would do it.