"What Krugman
actually wrote in December 2010 was that"...
"...peak oil was “a dismal theory that keeps getting more plausible.” Two years later, he
declared that “
peak oil has arrived.”
Yeah. The former was taken from a discussion as to the
conditions under which hard to extract, and costly to produce oil resources might hit the markets, and the impact that would be having on the inevitable arrival of "peak oil", whereas the latter was from a discussion of what it meant to live in a world of finite resources, stating that for the time being (2010) oil production has peaked for a number of years.
Of course, that's a little more complex than the simplicity your handlers feed you, and about which you prefer to hyperventilate.
Krugman is an outstanding economist, and a clear-eyed commentator on U.S. politics and policies who consistently puts flat-earthers and their crackpot "theories" to shame, and so it isn't that hard to understand that he'll draw a lot of flack from these quarters. The U.S. of A. is better off for him, and for fact-based humiliations he's regularly inflicting on the flat-earthers in particular.
1. I have no problem rubbing your face in it again: he said exactly what I said he did.
Further, he was proven wrong by experts, such as "A recent
article in
EnergyWirecanvassed experts from think tanks and universities. Their verdict:
The peak-oil concept is increasingly out of date less than a decade after its proponents said global output would surely hit the halfway mark. And few of these sources [experts] came from what one would think of as traditionally right-leaning or “pro-energy” institutions."
How ya' like that, boyyyyeeeeee???
2.
"Krugman is an outstanding economist, and a clear-eyed commentator on U.S. politics and policies..."
And therein you provided the proof that you are an imbecile:
"Detroit is “just an innocent victim of market forces.” There is no bigger lesson here, said
New York Timeseconomist Paul Krugman. “For the most part, it’s just one of those things that happens now and then in an ever changing economy” (July 21). What garbage.
. .... Detroit filed for Chapter 9 bankruptcy. The filing, if approved, would make it the largest municipal bankruptcy in U.S. history, and probably the biggest municipal bankruptcy of any advanced nation ever. But according to [Krugman], there is
no lessonto be learned here!
. Apparently, a population crash from 2 million to 700,000 is
just one of those things.The white flight is historic and well documented. But there is also black flight. And the flight of the dead. That’s right: People are actually exhuming dead relatives to move them out of the city because it is too dangerous to visit the cemeteries."
Detroit Bankruptcy mdash Nothing to See Here - theTrumpet.com
Here comes the money line:
"
During that whole time, the city was run by one political party, adhering to a specific economic philosophy. Politicians said they wanted to create a “fairer” city by raising taxes on businesses and productive individuals and redistributing it. The effect was to drive business out and make everyone poor... This
same economic philosophy is currently being
nationalized."
Ibid.
Krugman is a paid apologist for Liberal/Progressive Democrats....and you're a proven imbecile.
Liars like Krugman are lavishly paid to hide the truth. This is the truth:
The legacy of Barack Obama: Nidal Hasan is alive, and Detroit is Dead.