JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
- 16,776
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Pundits that have weekly columns that they write tend to make a lot of predictions. Some are all over the map and are as often wrong as they are right. But some like Krugman are fairly consistent, and in his case he is a consistent Keynesian.
To Krugman, the only problem with the current economy is that the federal government has not yet thrown enough money into fixing the problem. For him, it doesnt matter if the expenditures create anything or not, as long as everyone has a paycheck and can go back to comfortably consuming production and continue driving the economy.
The impact of spending money the government does not actually have is of little concern to Krugman, it seems to me, and the devastation these policies have on those on fixed incomes living on saved wealth is hardly worth mentioning let alone influencing policy.
Here are some threads that discuss Krugmans prognostic abilities.
admits he is not right all the time
Reagan, Obama, Recovery - NYTimes.com
got housing bubble wrong
RealClearMarkets - How Did Paul Krugman Get It So Wrong?
Krugman's bad predictions | Fox News
http://www.nationalreview.com/articles/269428/paul-krugman-prophet-socialismdonald-luskin#
EconomicPolicyJournal.com: Understanding Why Ron Paul Knows More About Inflation Than Does Paul Krugman
EconomicPolicyJournal.com: Ron Paul Smashes Paul Krugman (The Proof)
Paul Krugman: Spend Like Aliens Are Invading to Get Us Out of Financial Crisis | Video | TheBlaze.com
To Krugman, the only problem with the current economy is that the federal government has not yet thrown enough money into fixing the problem. For him, it doesnt matter if the expenditures create anything or not, as long as everyone has a paycheck and can go back to comfortably consuming production and continue driving the economy.
The impact of spending money the government does not actually have is of little concern to Krugman, it seems to me, and the devastation these policies have on those on fixed incomes living on saved wealth is hardly worth mentioning let alone influencing policy.
Here are some threads that discuss Krugmans prognostic abilities.
admits he is not right all the time
Reagan, Obama, Recovery - NYTimes.com
got housing bubble wrong
RealClearMarkets - How Did Paul Krugman Get It So Wrong?
Krugman's bad predictions | Fox News
http://www.nationalreview.com/articles/269428/paul-krugman-prophet-socialismdonald-luskin#
EconomicPolicyJournal.com: Understanding Why Ron Paul Knows More About Inflation Than Does Paul Krugman
EconomicPolicyJournal.com: Ron Paul Smashes Paul Krugman (The Proof)
Paul Krugman: Spend Like Aliens Are Invading to Get Us Out of Financial Crisis | Video | TheBlaze.com