I love when John Hinderaker tries to take down Paul Krugman. One of the participants has a Nobel Prize in economics; the other has been consistently wrong about the economy for the better part of 10 years. (In case you're wondering, the "Krugman is a hypocrite" argument was debunked here. As usual, a simply internet search would have revealed that, but Hinderaker was never big on research.)
So, when Hinderaker used a Venn diagram from another blog, I made one of my own. As you may know, Hinderaker was a big proponent of the argument that the Fed's QE would lead to a massive spike in inflation. As I recently noted, Bloomberg calculated the cost of investing based on this advice. Based on their calculations, the "inflation is just around the corner" trade would have lost an investor over $1 trillion dollars. In honor of that little bit of data, I made the following diagram to show just how incompetent Hinderaker is at economics:
