Tag Archives: Gang of 4

Krugman Triples Down on His Smear of Friedman and Bernie

William K. Black
February 21, 2016     Bloomington, MN

Paul Krugman is plumbing new depths of moral obtuseness, arrogance, and intellectual dishonesty in what is now his third smear of the well-respected economist Gerald Friedman in two days.  My prior column discussed Krugman’s two columns on February 17, 2016.  Here is Krugman’s lead in his column dated February 19.

On Wednesday four former Democratic chairmen and chairwomen of the president’s Council of Economic Advisers — three who served under Barack Obama, one who served under Bill Clinton — released a stinging open letter to Bernie Sanders and Gerald Friedman, a University of Massachusetts professor who has been a major source of the Sanders campaign’s numbers. The economists called out the campaign for citing “extreme claims” by Mr. Friedman that “exceed even the most grandiose predictions by Republicans” and could “undermine the credibility of the progressive economic agenda.”

That’s harsh. But it’s harsh for a reason.

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Krugman and the Gang of 4 Need to Apologize for Smearing Gerald Friedman

William K. Black
February 21, 2016     Bloomington, MN

If you depend for your news on the New York Times you have been subjected to a drumbeat of article attacking Bernie Sanders – and the conclusion of everyone “serious” that his economics are daft.  In particular, you would “know” that four prior Chairs of the President’s Council of Economic Advisers (CEA) (the Gang of 4) have signed an open letter to Bernie that delivered a death blow to his proposals.  Further, you would know that anyone who dared to disagree with these four illustrious economists was so deranged that he or she was acting like a Republican in denial of global climate change.  The open letter set its sights on a far less famous economist, Gerald Friedman, of U. Mass at Amherst.  It unleashed a personalized dismissal of his competence and integrity.  Four of the Nation’s top economists against one non-famous economists – at a school that studies heterodox economics.  That sounds like a fight that the referee should stop in the first round before Friedman is pummeled to death.  But why did Paul Krugman need to “tag in” to try to save the Gang of 4 from being routed?

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