This guy really is delusional. He was obviously given a nobel prize just so his distorted views would have some credibiltity, though they’re not in any way credible.
And everyone knows that the increased prices occasioned by onerous regulation has no effect on sales.
There are none so blind as those who will not see.
How does this idiot keep chewing through the leather straps? The other day he was arguing that Kalifornia is making an amazing comeback.
Soooooo, price has no effect on supply/demand. If that’s true, then “economics” ceases to exist. Krugman will have to call himself something else other than an economist. I have several colorful suggestions.
This is a classic case of using statistics to prove anything. Start with a conclusion and work backwards..
I’m in my mid-50’s and have been through numerous economic cycles in my life. What I do not see on the horizon this time is a “new boom” industry to bring us back. Perhaps it is there and I don’t see it. Nanotechnology? 3-D printing? Synthetic fuels? The vast majority of jobs that have been lost in this downturn I don’t believe will ever come back. Most of those jobs have been replaced with automation.
It’s not that the cancer killed the cancer patient, it’s just that his heart stopped beating.
But he won a Nobel prize! Just like 0bama!
Actually, Paul, two ares in which there is inconsistent correlation, at best, are: the correlation between real intelligence vs. an academic appointment, and the correlation between real contributions/achievements and the Nobel Prize.
Mathematician: “Zero equals zero.”
Krugman: “Absolutely untrue, and I have statistics to prove it.”
Mathematician: “Oneequals one
Krugman: “Not according to THESE poll results.”
Mathematician: “Zero does not equal one.”
Krugman: “Balderdash. Zero equals one all day long.”
Nobel Prize Selection Committee: (SWOON)
Or Perhaps: "Krugman Proves His Economic Illiteracy."
He is a narcissistic dufus.
Rummyfan: no correlation between Krugman’s musings and economic reality.
There is no correlation between Paul Krugman and reality.
With all due respect, given Krugdork’s continued demonstration of economic ignorance, I really do not think he could do a simple problem in correlation, let alone something more complex such as principal components.
He’s a slug.
A math-ignorant slug.
Everytime Krugman lets loose with one of his weekly gems of “wisdom,” the already shriveled credibility of the Nobel Prize shrinks further.
As I have said before about this IDIOT who masquerades as an”Economist”:”Two 10-year olds running a street corner lemonade stand have forgotten more about economics than this buffoo ever knew!Earth to Paul Krugman:Government Regulations make the cost of production go UP.Also,”Onerous”regulations discourage the formation and expansion of businesses!!I’m just a stupid,out-of-work(Thanks to The Obongo Economy)musician and I can figure this out!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
“No correlation” is exactly correct. Anybody want to talk about causation, instead?
If the soil had enough moisture, we could do just fine without any rain whatsoever,