Sunday, June 30, 2013

"The Always Wrong Club"

Paul Krugman, via Floyd Norris, rounds up the usual suspects:
Aha. Floyd Norris reminds us of the 23-economist letter from 2010, warning of
dire consequences — “currency debasement and inflation” — from quantitative easing. The signatories are kind of a who’s who of wrongness, ranging from Niall Ferguson to Amity Shlaes to John Taylor. And they were wrong again.

But that won’t diminish their reputations on the right, even a bit. How do I know that? Well, also on the list — presumably because they asked him to be there — is Kevin Hassett, co-author of Dow 36,000 and also a prominent denier of the existence of a housing bubble. Fool me once, fool me twice, fool me yet again — hey, never mind.

Quite amazing.

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