Thursday, November 21, 2013

Paul Krugman's "capitulation" on Obamacare

Economic Policy Journal’s Chris Rossini showcases on the transitional capitulation by the popular economist Paul Krugman on Obamacare (hat tip Bob Murphy). 

From the EPJ: (bold original)
As an update to a previous post, I'm proud to announce that Truth and Paul Krugman have crashed into one another. It's in regards to Healthcare.gov, but hey, when worlds collide, it's only right to recognize it.

So let's look at the timeline (my emphasis):
Oct. 1 - "The glitches will get fixed."
Oct. 14th - "Obviously they messed up the programming big time, which is kind of a shock.But this will get fixed..."
Nov. 6 - "If the bugs in healthcare.gov get fixed..."
AND NOW .... Drumroll please!
Nov. 20 - "But the future of the reform depends not on policy per se but on whether the IT issues can be fixed well enough soon enough, a subject on which I have zero expertise."
There we go...Krugman has no clue. He had no business saying that anything would work. It took almost 2 months, but he got there.

image

Krugman’s changing view in the context of the Kubler Ross grief cycle.

This also serves as a wonderful example of today’s quote of the day.

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