We’ve just received yet another dispatch from the Imaginarium of Dr. Faux-nassus — otherwise known as Paul Krugman — who had the chutzpah to accuse President Trump of lacking a grip on reality.
Do you really want to go there?
In one his most oblivious pieces of bloviating word salads to date, Krugman declared to his Substack subscribers October 21 that “Donald Trump Has Lost Touch With Reality.” In Krugman’s 20/200 vision, “it’s getting worse. When will we acknowledge the obvious?”
We’re still waiting for him to acknowledge that the detached-from-reality Bidenomics snake-oil he sold to his former New York Times readers was a load of dream world bunk.
Krugman retro-fitted his newly-learned term “AI-Sycophancy” to act as a descriptor of the “glutton for sycophancy” that is his arch-nemesis Trump. Krugman continued ranting that Trump is “descending into states of delusion that are as he would say, like nothing anyone has seen before (notwithstanding Nixon’s nighttime drunken tirades).” Oh, we’ve seen massive delusions before, and arguably some of the most notorious of them all came straight from the phony economics savant himself.
One beauty from Krugman occurred right after he left his former newspaper in a huff over its editing practices and huffed in his new Substack blog that “Trump Wants You to Die.” Yeah, okay Paul. How about when Krugman exclaimed that the stock market would “never” recover following Trump’s 2016 electoral victory?
The next one’s a killer. Remember when Krugman positioned himself to be Biden’s unofficial economics adviser by publishing his “rules” for “Bidenomics” for the world to see just before President “Head of Lettuce[’s]” term began in 2021. One of the Krugman “rules,” in retrospect, was so insane one can only point and maniacally laugh at it: “Rule #3: Don’t worry about inflation.” Who's the "glutton for sycophancy" again, Krugman?
And let us not forget one of Krugman’s most infamous delusions. In 1998, Krugman snorted in a piece for Red Herring magazine that “The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe's law’"--which states that the number of potential connections in a network is proportional to the square of the number of participants--becomes apparent: most people have nothing to say to each other!”
Here’s the best part: “By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's.” That glorious sentence alone was enough to mutate Krugman’s forecasting abilities into a running joke for the foreseeable future.
Even leftist fact-checker Snopes noted that “[t]he quote is so infamous, in fact, that it has turned into a meme often wielded against him by people hoping to discredit other pronouncements Krugman has made.”
