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article imageGeorge Will, Mary Matalin attack Paul Krugman on ABC Sunday panel

By Andrew Moran     Dec 11, 2012 in Politics
New York - Does anyone like Paul Krugman? Speaking with conservatives George Will and Mary Matalin on ABC's "This Week," it appeared that his fellow pundits are starting to become frustrated with Krugman and his economic viewpoints.
On Sunday, the ABC panel included Krugman, conservative pundit George Will, ABC’s Matthew Dowd, James Carville and former adviser to Vice President Dick Cheney Mary Matalin.
The panel was discussing the fiscal cliff negotiations and Krugman slammed the paucity of details in the Republican leadership’s proposals that were submitted to President Barack Obama. He noted that when the GOP does actually provide details, such as increasing the Medicare eligibility age and cutting the price index for Social Security, it only cuts $300 billion.
The discussion also started to include former Republican vice presidential candidate and Congressional Budget Chair Paul Ryan’s proposed budget, which Krugman, a Nobel prize winner, feels is a “fake document” and “is full of magic asterisks.”
“It's not a real budget. It's a fake document. I mean, I'm amazed that people haven't gotten that,” said Krugman. “You know, we're now a couple of years into the Ryan thing, and the fact that he doesn't actually present real budgets.”
Matalin then asked Krugman: “Just make up your mind. Do you want to talk about the economy or do you want to talk about polemics?”
Will, using an Alexander Hamiltonian phrase, also piled onto the criticisms of Krugman.
“I have yet to encounter someone who disagrees with you who you don't think is a knave, or corrupt, or a corrupt knave,” stated Will. “Specifics have indeed been offered.”
Krugman, adding to Matalin’s riled behavior, later revised Matalin’s incorrect quote of John Maynard Keynes. He said, “The actual Keynes quote is: ‘ideas which are dangerous for good or evil.'"
Krugman is an ardent Keynesian economist. He has put forward proposals and suggestions that have raised the eyebrows of many and has scratched the heads of those who share the Austrian School of economic thought.
One of his ideas is that disaster leads to economic growth. Digital Journal reported Krugman stating that an alien invasion would generate wealth, while World War II helped end the Great Depression. This has idea has been refuted by his opponents, who have referred to the Broken Window Fallacy.
Nevertheless, Krugman shrugged off the attacks against him Sunday.
Speaking with Politico in an email, Krugman said that he is both an economist and a polemicist.
“Notice when she started yelling at me -- it was when I was trying to correct her claim about $1.7 trillion in revenues from capping deductions. I know that number -- it's here,” wrote Krugman.
“It's what you get from capping all deductions at $17,000 -- which does two nasty things: it hits a lot of middle-class families, and it kills charitable contributions. And if you try to fix that, the number shrinks dramatically. So I guess trying to get the facts straight makes me a polemicist.”
More about Paul Krugman, Keynesian economics, This week, Abc, George will
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