For Immediate Release
Contact: Paul Fidalgo
Phone: (207) 358-9785

Krugman: GOP Policies are Economic Pseudoscience

January 30, 2013

On Point of Inquiry Says “Cults and Cranks” Responsible for Continuing High Unemployment

Economist, New York Times columnist, and Nobel laureate Paul Krugman, said on the podcast Point of Inquiry this week that Republicans have been beholden to economic pseudoscience, believing in economic policies not supported by evidence or reality, thereby hampering recovery.

“Half the political spectrum has pledged allegiance to various kinds of crank economics, and is not willing to look at the evidence at all,” said Krugman of Republicans and conservatives, calling ideas such as relying on tax cuts to generate revenue “pure crank.”

Krugman appeared as a guest on the weekly podcast and radio show Point of Inquiry with co-host Chris Mooney. Point of Inquiry is produced by the Center for Inquiry (CFI), an international organization advocating for reason, science, and secular values.

“We actually do know what to do [to fix the economy], except that we have a lot of bad ideas, a lot of cults and cranks getting in the way of doing what needs to be done,” Krugman told Mooney, saying that such misguided and baseless policies have “led to millions of people being unnecessarily unemployed.”

The episode can be heard in its entirety here.

Point of Inquiry is CFI’s flagship podcast, where the brightest minds of our time sound off on all the things you’re not supposed to talk about at the dinner table: science, religion, and politics. Chris Mooney, author of The Republican Brain and The Republican War on Science; and neuroscientist (and opera singer) Indre Viskontas, engage in pointed and intriguing conversations with experts and luminaries from a wide range of subjects and disciplines. Guests have included Brian Greene, Susan Jacoby, Richard Dawkins, Ann Druyan, Neil deGrasse Tyson, Eugenie Scott, Adam Savage, Bill Nye, and Francis Collins.

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The Center for Inquiry (CFI) is a nonprofit educational, advocacy, and research organization headquartered in Amherst, New York, with executive offices in Washington, D.C. It is also home to both the Committee for Skeptical Inquiry and the Council for Secular Humanism. The mission of CFI is to foster a secular society based on science, reason, freedom of inquiry, and humanist values. CFI‘s web address is