Paul Krugman, the New York Times op-ed writer, has a Ph.D. in economics. Those three magic letters give him an air of authority, as if they represent a valuable accomplishment, yet somehow he manages to consistently give bad economic advice in his twice-weekly column. Go figure.The rest of this week's TGIF, "Paul Krugman, Doctor of (Bad) Economics," is at the Foundation for Economic Education website.
Proudly delegitimizing the state since 2005
"Aye, free! Free as a tethered ass!" —W.S. Gilbert
"All the affairs of men should be managed by individuals or voluntary associations, and . . . the State should be abolished." —Benjamin Tucker
"You must first enable the government to control the governed; and in the next place oblige it to control itself." —James Madison
"Fat chance." —Sheldon Richman
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