Krugman's idiotic new book

Discussion in 'Economy' started by EdwardBaiamonte, May 3, 2012.

  1. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    In sum, he simply says there is a lack of demand causing this depression.

    The lack of demand, he says, came from the housing crisis and its direct ramifications

    His solution is to create demand to fill the void with government spending. In particular he wants to hire teachers and other government loafers who have been laid off or not hired.

    This is pure idiotic liberalism because:

    1) it does not provide for healing the housing free market that liberals screwed up with Fanny Freddie Fed CRA, FHA, HUD etc etc

    2) creating artificial demand in another area (education) merely creates a mal investment bubble exactly like the housing bubble that will burst and cause yet another recession.
     
  2. Trajan
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    Trajan conscientia mille testes

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    does he include all the statements hes made then ran from?
     
  3. Rozman
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    Rozman Gold Member Supporting Member

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    What a brilliant man.
    His solution to everything is spend more.
    He will end up with another Nobel prize...
    And why not...They give them out like candy on Halloween these days.
     
  4. Oddball
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    Oddball BANNED Supporting Member

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    I lost what tiny shred of respect I had for ferret face after 9/11™, when he invoked the thoroughly debunked broken window theory as a way to try and put a happy face on the tragedy.

    Tarring and feathering would be too good for that dickweed.
     
  5. Listening
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    Listening Gold Member

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    I want a piece of that action !!!

    Krugman is a political misfit who uses his limited understanding of real world econcomics (but because he is good at saying what the world elites want to hear...they think he knows what he is talking about) to bamboozle the lemmings on the left into thinking that more welfare dollars are good for the economy.
     
  6. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    So true! Liberalism always boils down to more welfare in one form or another no matter how much we spend.
     
  7. Avorysuds
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    Avorysuds Gold Member

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    Ron Paul destroys that fool.

    [ame=http://www.youtube.com/watch?v=BcuAOdXD0Go]Ron Paul vs. Paul Krugman on The Fed & interview Bloomberg TV 4/30/12 - YouTube[/ame]
     
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  8. Oddball
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    Oddball BANNED Supporting Member

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    Ferret face he doesn't say we're not red-lined with the debt yet, then says he doesn't know what that number would be in the same breath.

    What an arrogant douchebag.
     
  9. Avorysuds
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    Avorysuds Gold Member

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    That’s why I call it faith based economics. When “they” get their way and do all of their spending, but things don’t pan out, their excuse/reason can be anything seeing as their solution was based purely on faith, that floating the economy until “something” happens in hopes it would "fix" the problem.

    Compare that logic to Austrian economics where the belief is based off the foundation of the theory of evolution where the weaker (bad business’s) die off and the stronger (good business’s) flourish. Yes you get up and downs but that’s a good thing, it’s natural. You have to let the bad investments die off.

    The FED was created to stop the up’s and downs, instead we got 1 Depression, who knows how many recessions and now a “Great Recession” or second Depression depending on what you want to call it and massive debt that bought us nothing…
     
  10. Euro
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    Euro Senior Member

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    The government have lost many jobs.

    [​IMG]
     

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