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Liberal Paul Krugman: A Massive, Destructive Earthquake would be Great for the Economy
Pundit Press ^ | 8/24/11 | Aurelius

Posted on 08/24/2011 5:27:39 AM PDT by therightliveswithus

I do not know if I have ever read anything so stupid, but what would you expect from Paul Krugman? From Google+:

If you aren't an idiot, this is a very clear case of the "Parable of the broken window." Here is the original text outlining the idea. Unfortunately, Mr. Krugman is apparently illiterate or simply a moron:

Suppose it cost six francs to repair the damage, and you say that the accident brings six francs to the glazier's trade—that it encourages that trade to the amount of six francs—I grant it; I have not a word to say against it; you reason justly. The glazier comes, performs his task, receives his six francs, rubs his hands, and, in his heart, blesses the careless child. All this is that which is seen.

But if, on the other hand, you come to the conclusion, as is too often the case, that it is a good thing to break windows, that it causes money to circulate, and that the encouragement of industry in general will be the result of it, you will oblige me to call out, "Stop there! Your theory is confined to that which is seen; it takes no account of that which is not seen."

It is not seen that as our shopkeeper has spent six francs upon one thing, he cannot spend them upon another. It is not seen that if he had not had a window to replace, he would, perhaps, have replaced his old shoes, or added another book to his library. In short, he would have employed his six francs in some way, which this accident has prevented.

(Excerpt) Read more at punditpress.com ...


TOPICS: Politics
KEYWORDS: earthquake; economy; idiot; krugman; liberal

1 posted on 08/24/2011 5:27:45 AM PDT by therightliveswithus
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To: therightliveswithus

Like FDR and WWII, huh KrugmanIdiot?
Someone seriously needs to strip you of your Nobel Idiot Prize. =.=


2 posted on 08/24/2011 5:30:31 AM PDT by cranked
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To: therightliveswithus

The frightening part is that Krugman’s textbook is used by many college and high-school AP economics courses. Students are actually being taught the idiocy that Krugman spouts.


3 posted on 08/24/2011 5:30:42 AM PDT by freeandfreezing
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To: therightliveswithus

I saw a comment on some blog which stated, if Krugman wants to stimulate the economy, he should leave his car’s sunroof open when Irene hits.


4 posted on 08/24/2011 5:30:59 AM PDT by 1rudeboy
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To: therightliveswithus

Give Krugman him a Nobel Prize!


5 posted on 08/24/2011 5:35:25 AM PDT by frogjerk (Today is already the tomorrow which the bad economist yesterday urged us to ignore. - HAZLITT)
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To: therightliveswithus

Give Krugman a Nobel Prize!


6 posted on 08/24/2011 5:36:59 AM PDT by frogjerk (Today is already the tomorrow which the bad economist yesterday urged us to ignore. - HAZLITT)
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To: therightliveswithus

What a devil


7 posted on 08/24/2011 5:38:16 AM PDT by yldstrk (My heroes have always been cowboys)
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To: therightliveswithus

Did this man get his doctorate from ICS?

Does he not know that all disasters do is divert resources fom their original intentions and does not generate new economic growth?


8 posted on 08/24/2011 5:38:28 AM PDT by Jonty30
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To: cranked
Another exemplary genius of the Left.

Photobucket

9 posted on 08/24/2011 5:38:45 AM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: therightliveswithus
If Paul Krugman is one of the best economists in the world (Nobel Lottery-winner, widely used text book, etc.) then most economists are less competent than a moron.
10 posted on 08/24/2011 5:39:53 AM PDT by WayneS (Enlightened statesmen will not always be at the helm. -- James Madison)
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To: therightliveswithus

It is not seen that if he had not had a window to replace, he would, perhaps, have replaced his old shoes, or added another book to his library. In short, he would have employed his six francs in some way, which this accident has prevented.

To which, Krugman would reply that it is just as good for the child to steal the shoes or the book as it was to break the window; in other words, Krugman is a moron... a dangerous, self-aggrandizing, and psychotic moron.


11 posted on 08/24/2011 5:40:50 AM PDT by Common Sense 101 (Hey libs... If your theories fly in the face of reality, it's not reality that's wrong.)
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To: therightliveswithus
If Paul Krugman is one of the best economists in the world (Nobel Lottery-winner, widely used text book, etc.) then most economists are less competent than a moron.
12 posted on 08/24/2011 5:41:10 AM PDT by WayneS (Enlightened statesmen will not always be at the helm. -- James Madison)
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To: therightliveswithus

He is certifiably insane!


13 posted on 08/24/2011 5:46:42 AM PDT by Redleg Duke ("Madison, Wisconsin is 30 square miles surrounded by reality.", L. S. Dryfus)
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To: therightliveswithus

The problem with the U.S. economy is threefold:

First, government spending is WAY out of control. Too much GDP is going to China in interest alone.

Second, energy costs...fuel costs, are way too high. Gasoline has doubled since 2008. Electricity, heating and transportation have followed suit. Everything costs more as if inflation hit us big time. So, most wage earners have stopped spending on anything but essentials. Low demand... less production...less employment...and the spiral down continues.

Third, China is killing us with its unfair trade practices. It manipulates it’s currency and also lives with a huge trade inbalance. U.S. trade deficit with China is huge and getting bigger. We can’t compete with an economy based on $5 a day wages.

Want to get us back to top dog? Stop government spending and drop all new regs for energy production that are restricting in nature. Start drilling; start building new nukes; open up natural gas drilling and work on coal. Just the direct order from Washington would drop the prices on energy and open up the economy.

It’s also time to do something about China. The trade deficit is terrible.


14 posted on 08/24/2011 5:47:29 AM PDT by ThomasMore (Islam is the Whore of Babylon!)
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To: therightliveswithus

A Krugman suicide by jumping off the NYTimes building would be good for the local spatula and mortuary economy. If he hit Sulzberger on the way down it would twice as beneficial. And if the whole NYTimes building burnt down to the ground with everyone inside, why, that would cause a virtual mini-boom in the local economy!


15 posted on 08/24/2011 5:47:35 AM PDT by icanhasbailout
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To: Redleg Duke

I tried clicking through to the google site and its not longer there. Im not sure this is real.


16 posted on 08/24/2011 5:50:26 AM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who wonÂ’t leave.)
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To: therightliveswithus

Please, someone zap Paul’s “Mysterians” video tape. He’s living in a dream world of burrowing aliens and their mole robot. (But then again, he does make for some comedic relief...)


17 posted on 08/24/2011 5:51:07 AM PDT by LRS ("This is silly! It can't be! It can't be!!" "Oh yes it is! I said you wouldn't know the joint.")
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To: therightliveswithus

Those loony Leftists just love to worship at the altar of death and destruction.


18 posted on 08/24/2011 5:52:35 AM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: therightliveswithus
Paul Krugman is to my profession of economics what Hollywood is to public morality. As Hollywood constantly plumbs for ever lower levels of perversion, Krugman constantly plumbs for ever lower levels of stupidity.

I was still in high school when I read Frederic Bastiat's essay on glass makers and it inspired me to eventually go into economics as a profession.

There are two authors I would most recommend to anyone who wants to understand basic economics: Frederic Bastiat and Dr. Thomas Sowell. I'm willing to bet Krugman has never read either.

19 posted on 08/24/2011 5:53:35 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: GlockThe Vote
Definitely smells like a hoax.When I heard it on talk radio this AM I thought this has to be a sham. Krugman might be wrong a lot but He understands the broken window and would not make such an obvious gaff. /p>
20 posted on 08/24/2011 5:56:24 AM PDT by bt-99 ("Get off my Lawn")
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To: cranked

Well, someone needs to just remember the phrase, “be careful what you wish for, because seriously, quakes are possible in NYC, and whenever this possibility comes true, that’s going to be really ugly.


21 posted on 08/24/2011 6:01:04 AM PDT by Morpheus2009
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To: therightliveswithus

Paul Krugman, your padded cell is ready for you. Report to it now, nutcase.


22 posted on 08/24/2011 6:02:50 AM PDT by ScottinVA (As a party that gives Obama what he wants, what again is the GOP`s 2012 selling point?)
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To: therightliveswithus
It is not seen that as our shopkeeper has spent six francs upon one thing, he cannot spend them upon another. It is not seen that if he had not had a window to replace, he would, perhaps, have replaced his old shoes, or added another book to his library. In short, he would have employed his six francs in some way, which this accident has prevented.

Not to mention the shopkeeper having to lose business while his window (or the whole building if this guy had his way) is being repaired.

23 posted on 08/24/2011 6:05:31 AM PDT by DejaJude (Obama - in over his head and above his pay grade.)
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To: GlockThe Vote
I tried clicking through to the google site and its not longer there. Im not sure this is real.

Try this one: NYT wackadoodle Paul Krugman wishes earthquake did more damage, or something

24 posted on 08/24/2011 6:11:06 AM PDT by COBOL2Java (Obama is the least qualified guy in whatever room he walks into.)
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To: therightliveswithus
A Massive, Destructive Earthquake would be Great for the Economy

Krugman has a point. If the earthquake had knocked down a few Washington buildings like the NLRB, EPA, IRS, Department of Education, etc. it would be great for the economy.

25 posted on 08/24/2011 6:16:54 AM PDT by KarlInOhio
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To: therightliveswithus

yea as long as it happens somewhere where there are TONS of the presidents favorite race du jour. That changes depending on who he’s trying to get to vote for him.


26 posted on 08/24/2011 6:17:56 AM PDT by television is just wrong
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To: therightliveswithus

that worked well in Haiti didn’t it?


27 posted on 08/24/2011 6:18:57 AM PDT by television is just wrong
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To: Common Sense 101
To which, Krugman would reply that it is just as good for the child to steal the shoes or the book as it was to break the window

From an economic standpoint, theft is much better than destruction.

Theft merely transfers the value of an economic good (say, six francs) from one person to another. Breakage destroys wealth, requiring that an additional six francs be used to replace the window. This reduces the total wealth of the world (or of France) by six francs.

It's not quite that simple, but almost.

Hurricanes and disasters are great for my personal economy, but that's due to my line of work.

28 posted on 08/24/2011 6:22:26 AM PDT by Sherman Logan
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To: therightliveswithus

Oh dear God... I thought this was a joke. How’s this theory working out for Japan?


29 posted on 08/24/2011 6:27:49 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: therightliveswithus

If destruction is the recipe for economic growth (and it isn’t), then we should start dynamiting whole cities around the country and then watch the great economic miracles that take place. Hey, Detroit is almost totally destroyed. Why isn’t an economic boom taking place there?


30 posted on 08/24/2011 6:29:55 AM PDT by driftless2
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To: Sherman Logan

From an economic standpoint, theft is much better than destruction.

Not for the former owner of the property. ;) I guess it’s fair to say that from a macroeconomic standpointtheft is much better than destruction. From a microeconomic perspective... not so much.


31 posted on 08/24/2011 6:33:08 AM PDT by Common Sense 101 (Hey libs... If your theories fly in the face of reality, it's not reality that's wrong.)
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To: bt-99; Redleg Duke
You can find it on HotAir. Read his comments from September 14, 2001 if you have any doubts about how he thinks. (even if the earthquake was a fake or just good satire)

www.HotAir.com

32 posted on 08/24/2011 6:39:29 AM PDT by DejaJude (Obama - in over his head and above his pay grade.)
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To: cranked

Well, Nobel Peace Price to Bambi for Libya.
Nobel Price are joke and its based on Liberal Politics.


33 posted on 08/24/2011 6:45:19 AM PDT by jennychase
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To: therightliveswithus

If the Air Force flew daily bombing raids on all major US cities, the US would be immeasurably rich in just a few months.

It’s so obvious!


34 posted on 08/24/2011 7:16:00 AM PDT by Moltke (Always retaliate first.)
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To: therightliveswithus

“A Massive, Destructive Earthquake would be Great for the Economy”

It would be, if buildings fell only on Democrat heads.


35 posted on 08/24/2011 1:03:01 PM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: Wyatt's Torch; therightliveswithus
It is fake, but Krugman's credibility is so tanked that it sounds as if it's something he'd say.

In the not-too-distant future, I think people will regard the Pulitzer Prize as the equivalent of a dunce cap.

Paul Krugman's Google account is fake. I know because I created it

36 posted on 08/24/2011 1:20:15 PM PDT by Madame Dufarge
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To: Wyatt's Torch; therightliveswithus
Er, Nobel Prize.

OK, OK, I'm putting my dunce cap on.

37 posted on 08/24/2011 1:21:57 PM PDT by Madame Dufarge
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