This should keep me laughing through the weekend:

krugman

That’s not a serious economic prediction or diagnosis, but rather a cry for help.

Krugman’s weekly column at the New York Times is called “Hotsky to Trotsky” and never fails to deliver the comedy.

Comments

9 Responses to “Nobel Prize winning NYT economist warns US to avoid what ruined Greece”

  1. buckwheaton on July 10th, 2015 11:43 am

    Keynes proposed that the reason people are poor is because they could not borrow enough money. Governments around the world have given themselves permission to create near-infinite amounts of (paper) money out of thin air. They have also set up monetary systems that enable debt to be turned into money. But money is not "assets", so while there can be an infinite amount of debt, there really cannot be a change in the amount of assets. Experts like Krugman have in fact confused fiat money with real things. They think that creating money creates things, which defies reality. Moreover, the act of creating near-infinite amounts of money drives interest rates nearly to zero. All of this is "unsustainable" a concept that people like Krugman scold us about because they think they hold the moral and intellectual high ground. How blind are they? Well, so blind that they think they are printing cars and jobs when they print money.

  2. backwoodsconsr on July 10th, 2015 7:31 pm

    Krugman is beyond help.

  3. Marshall_Will on July 10th, 2015 11:42 pm

    And… AND it was O'Bummer's bestest buddy Warren Buffet that warned ( back in 2002 I believe ) there were more financial derivatives floating around in the system than The.Planet.Was.WORTH!?

    In fact by HIS own estimation, three to FOUR times? So, certainly that MUST have been discussed over one of their beer/donor summits? Or not…

  4. Marshall_Will on July 10th, 2015 11:46 pm

    Buck,

    Here's a blast from the past all intrepid Housing Bubble justabloggers referred to when describing your Krugmanomics. We always admired the way the guy could manage to "stay in character", no matter the weather! Priceless stuff:
    http://thereisnohousingbubble.blogspot.com/

  5. maladroit on July 11th, 2015 11:16 am

    Krugman's meds: I'll have what he's having!
    Hi Doug!
    Mac

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