For more than a year, this blog has dealt almost exclusively with Paul Krugman's columns, blog posts and public statements. I will continue to follow what Krugman writes, but I also would like to deal with economic subjects and the economy as a whole without always having to reference Krugman.
The blog's name, Krugman-in-Wonderland, will stay the same, at least for now, but the subject matter will be broader. Part of this change comes because of suggestions from readers who would like to see a larger discussion of economic issues, and part of the change, frankly, comes because of the New York Times' new policy of making people pay for access. (I guess that the NYT is following the policies of their nemesis, Rupert Murdoch, who has a pay-to-read policy at the Wall Street Journal.)
I do have access to Krugman's columns through Lexis-Nexis via the Frostburg State library site, and have 20 "free" articles a month at the NYT. So, I won't completely ignore the guy, but am not going to be dealing with the refutation of particular columns or posts unless it is germane to the larger argument.
We all know where Krugman stands. He is an inflationist who actually believes that government can create wealth via printing of money. That is the bottom line with him, and we are now going to be reaping a huge whirlwind because of the funny money that Ben Bernanke has showered around the world.
The irony is that Krugman believes that Bernanke has not inflated enough, and as prices of food, fuel, and (soon to come) consumer goods rise rapidly, Krugman will insist that we really are not experiencing inflation at all, but rather that a rush of "corporate greed" has swept the nation, and that massive price controls will save the day. So, there is much more to come.