Nobel Prizewinning Economist Paul Krugman Spanking Opponents Again?

[Katzndogz]

Nobel prize winners.
Al Gore
barack obama
Yasser Arafat

Does the Nobel have ANY credibility anymore?

 

[EdwardBaiamonte]

If you are interested in a topic, ask me and I'll do my best to give you a non-political analysis.

How fortunate for us to have you here!! I'll bet you can even tell us how the massive weapons and public works programs that lie at the very heart and soul of the lunatic liberalism that Krugman and his foolish socialist puppets, like you, support can actually work to improve the economy!!

We'll let your silence for the 11th time once again serve as testimony to liberalism's low IQ and low character.

 

[Oddball]

Nobel prize winners.
Al Gore
barack obama
Yasser Arafat

Does the Nobel have ANY credibility anymore?

To be fair, those are Peace Prize winners....That one has zero credibility anymore.

 

[Oddball]

Just wondering,how come you didn't reply to any of Toro's posts?

There is no reply.

I won this thread.

 

[Toro]

Awesome!

 

[itfitzme]

Nobel Prize? Meh, obama proved that you don't have to actually know anything to get one of those.

Fail.

Actually I agree with you. The highest recognition for an American economist is the John Bates Clark medal.

The greatest honor is being called before Congress on investigation that your company is a monopoly.

 

[itfitzme]

Just wondering,how come you didn't reply to any of Toro's posts?

There is no reply.

I won this thread.

Hos much did you win?

 

[oldfart]

Nobel Prize? Meh, obama proved that you don't have to actually know anything to get one of those.

Fail.

Actually I agree with you. The highest recognition for an American economist is the John Bates Clark medal.

and most economists would walk away form a Nobel?

The ones who have both generally give pride of place to the Clark medal. It was first awarded in 1947 and every two years thereafter (annually since 2009) to the American under age 40 who has made significant contributions to economics. Eleven of the first 17 winners have subsequently received a Nobel.

 

[oldfart]

If you are interested in a topic, ask me and I'll do my best to give you a non-political analysis.

How fortunate for us to have you here!! I'll bet you can even tell us how the massive weapons and public works programs that lie at the very heart and soul of the lunatic liberalism that Krugman and his foolish socialist puppets, like you, support can actually work to improve the economy!!

We'll let your silence for the 11th time once again serve as testimony to liberalism's low IQ and low character.

Ed, you have confused yourself with the person I was answering. I know you are hopeless.

 

[CrusaderFrank]

What is astounding is the level of hatred the mere mention of Paul Krugman's name brings out of right wing world

Krugman is the funniest thing in the newspaper since Larson stopped "The Far Side"

Sent from my DROID RAZR using Tapatalk 2

 

[oldfart]

Just wondering,how come you didn't reply to any of Toro's posts?

Toro has made no post on this thread replying to a post of mine. If he wanted to engage me, I assume he would direct a post to me.

 

[AmazonTania]

One of the best things about earning the Noble Prize in Economics these days: You don't actually have to know anything to earn one...

[ame=http://youtu.be/mFdnA5UNmVw]How to silence a Nobel Prize winning economist: Ask him about the economy. - YouTube[/ame]

 

[CrusaderFrank]

One of the best things about earning the Noble Prize in Economics these days: You don't actually have to know anything to earn one...

How to silence a Nobel Prize winning economist: Ask him about the economy. - YouTube

It's the Krugman Award

 

[EdwardBaiamonte]

If you are interested in a topic, ask me and I'll do my best to give you a non-political analysis.

How fortunate for us to have you here!! I'll bet you can even tell us how the massive weapons and public works programs that lie at the very heart and soul of the lunatic liberalism that Krugman and his foolish socialist puppets, like you, support can actually work to improve the economy!!

We'll let your silence for the 11th time once again serve as testimony to liberalism's low IQ and low character.

Ed, you have confused yourself with the person I was answering. I know you are hopeless.

How fortunate for us to have you here!! I'll bet you can even tell us how the massive weapons and public works programs that lie at the very heart and soul of the lunatic liberalism that Krugman and his foolish socialist puppets, like you, support can actually work to improve the economy!!

We'll let your silence for the 12th time once again serve as testimony to liberalism's low IQ and low character.

 

[Procrustes Stretched]

Nobel Prizewinning Economist Paul Krugman Spanking Opponents Again?

First, do you believe interest rates soaring?

PBS Headline:
Paul Krugman on Debt, but Are Soaring Interest Rates Running Against Him?

Moreover, whether May's rise is a temporary blip or the long-predicted bursting of the bond bubble, only a fool would dare declare. But it's certainly dramatic.

It's also a great pretext for excerpting part of an interview I did with Paul Krugman, much of which will run soon on the PBS NewsHour. And that's what the bulk of this post consists of. So, on to the first question:

Paul Solman: Is the U.S. government uncontrollable, borrowing more and more, getting deeper and deeper into debt?

Paul Krugman: Funny thing is, every president between (not including) [Franklin Roosevelt] and Ronald Reagan left the debt-to-GDP ratio -- the usual measure of the government's position -- lower when he left office than when he came into office. So we actually had a long stretch of very fiscally responsible government. Then we had a big increase under Reagan/[George H. W.] Bush, then it fell sharply under Bill Clinton, then it rose some under George W. Bush and then of course we had the worst economic crisis since the Great Depression.

So looking at this on the government side, it's not that we have an addiction to debt and deficits; it's that Republican presidents run up the debt. That's a very different story right?

We actually don't have a problem with government debt, not yet, but people are worried about the rise. Of course you can throw around big numbers. So you say "eight trillion dollars" or "10 trillion dollars" but the fact of the matter is that the US is a 16-trillion dollar-a-year economy and the numbers are not as overwhelming as they sound if you just give the raw numbers.

Paul Krugman on Debt, but Are Soaring Interest Rates Running Against Him? | The Business Desk with Paul Solman | PBS NewsHour | PBS

Letter to PK

Economic Principals

Economics and Politics by Paul Krugman - The Conscience of a Liberal - NYTimes.com Economics and Politics by Paul Krugman - The Conscience of a Liberal - NYTimes.com

Also on Sunday, Krugman responded sharply several times on his blog to Reinhart/Rogoff, as did Berkeley's excellent economist Brad DeLong, backing Krugman on his blog,Grasping Reality with Both Invisible Hands.

Brad DeLong
Accurate and Inaccurate Ways of Portraying the Debt-and-Growth Association
Accurate Ways of Portraying the Debt-and-Growth Association:

Let me highlight a passage from the "Understanding Our Adversaries" evolution-of-economists'-views talk that I started giving three five months ago, a passage based on work by Owen Zidar summarized by the graph above:

The argument for fiscal contraction and against fiscal expansion in the short run is now: never mind why, the costs of debt accumulation are very high. This is the argument made by Reinhart, Reinhart, and Rogoff: when your debt to annual GDP ratio rises above 90%, your growth tends to be slow.

This is the most live argument today. So let me nibble away at it. And let me start by presenting the RRR case in the form of Owen Zidar's graph.

First: note well: no cliff at 90%.

Second, RRR present a correlation--not a causal mechanism, and not a properly-instrumented regression. Their argument is a claim that high debt-to-GDP and slow subsequent growth go together, without answering the question of which way causation runs. Let us answer that question.

The third thing to note is how small the correlation is. Suppose that we consider a multiplier of Brad DeLong : Accurate and Inaccurate Ways of Portraying the Debt-and-Growth Association

back on topic, but the last few posts are all the right wing kooks have left in their tool box. no arguments, no ability to deal with the context of an argument, just alarmist and whacko bullshit

 

[Oddball]

The "kooks" understand that Ferret Face views his macroeconomic theory through some seriously politically partisan goggles, and pay his brain droppings on the matter all the respect due to them....As in none.

He's the converse of Doonesbury and Mallard Fillmore -comic strips which often end up on the op-ed pages....His op-eds belong in the comics section.

 

[Procrustes Stretched]

The "kooks" understand that Ferret Face views his macroeconomic theory through some seriously politically partisan goggles, and pay his brain droppings on the matter all the respect due to them....As in none.

He's the converse of Doonesbury and Mallard Fillmore -comic strips which often end up on the op-ed pages....His op-eds belong in the comics section.

Krugman has never shied away from admitting he started to put forth a liberal economics argument to battle the right wing economic nonsense. He actually shouted it out to the world.

He writes and opinion column.

 

[Oddball]

The very last moment I gave Ferret Face a moment of time as someone with a serious economic mind was his first column after 9/11™, when he tried to reframe the catastrophe as a twisted sort of economic stimulus.

Krugman is a fucking asshole with a fucking black hole where his heart should be....The comics page is too good for him.

 

[Procrustes Stretched]

The very last moment I gave Ferret Face a moment of time as someone with a serious economic mind was his first column after 9/11™, when he tried to reframe the catastrophe as a twisted sort of economic stimulus.

Krugman is a fucking asshole with a fucking black hole where his heart should be....The comics page is too good for him.

stop using and hiding behind 9/11

 

[PMZ]

In the center ring of the circus that Rush and Rupert built as the easiest path to riches is an illusion better than alchemy. Something from less than nothing.

Supply side economics.

Just the kind of thing to sell the rubes who know no different. "If you tell DC to lower the taxes on my millions, we'll all get rich."

Wow. Presidents and peasants falling for snake oil like that.

Krugman, of course, is pretty tough to get to fall for gold from lead. He actually studied the work of Keynes. He knows that if you built it they won't necessarily come at all. But if you build to satisfy what they want, good things surely follow.

So simple. But the magic of snake oil has a proven record too. Hope for something from nothing springs eternal.