Goes to show how friggen stupid most economists are. Would you give your investment portfolio to Krugman?
Tear down their stuff first and rebuild it last
America is so screwed...
It was mind-blowing to me how incredibly bad at math they all were.
I wouldn't trust them with my piggy bank.
“Build Back With No Border”
The day Arafat got the Nobel “peace” prize was the day I realized that the prize had become a joke.
and the people they’ll contract to rebuild will have NO CLUE about building
Build Back Better means destroying first.
And that’s precisely what Joe is doing.
Obama should have had them all on the Whitehouse lawn wearing those white lab coats again. I mean Biden.
Every economist iv3 ever known or heard of was/is a socialist/communist, so no surprise.
Economics might be the only field where you can be wrong most of the time with no consequences. And the one time you’re kinda right you get an award.
well that aged as about well as we expected...
Every economist that I have ever known or heard of was/is a socialist/communist, so no surprise.
The Build Back Better package will provide much needed support to a still-recovering economy, but it will accomplish much more than that. By meeting long-standing social needs, boosting long-term economic performance, and taking serious steps toward addressing the climate crisis we can already see unfolding, it would transform the U.S. economy to be more efficient, equitable, sustainable, and prosperous for the long run, without presenting an inflationary threat.
Ivory tower morons! Phelps, Sharpe, and Sims surprised me a little. I thought they had some common sense.
Most economists have never worked through Don Patinkin’s “Money, Interest, and Prices” or read Hayek or Bohm-Bawerk. They are edufactured Ph.D.s without portfolio.
“They don’t know enough to know what they don’t know!”
For those keeping score at home, here are the dopes who signed the letter:
George A. Akerlof, Professor, Georgetown University
Sir Angus Deaton, Professor, Princeton University
Peter Diamond, Professor, Massachusetts Institute of Technology
Robert Engle, Professor Emeritus and Co-Director of the Volatility and Risk Institute, New York University
Oliver Hart, Professor, Harvard University
Daniel Kahneman, Professor, Princeton University
Eric S. Maskin, Professor, Harvard University
Daniel McFadden, Professor, University of California, Berkley
Paul Milgrom, Professor, Stanford University
Roger Myerson, Professor, University of Chicago
Edmund S. Phelps, Professor and Director of the Center on Capitalism and Society, Columbia University
Paul Romer, Professor, New York University
William Sharpe, Professor Emeritus, Stanford University
Robert Shiller, Professor, Yale University
Christopher Sims, Professor, Princeton University
Robert Solow, Professor Emeritus, Massachusetts Institute of Technology
Joseph Stiglitz, Professor, Columbia University
What a joke.
For what it is worth, here is the sign translation:
Looks like it is after 5 PM, time for a drink. I'll get tight, maybe touch some young girl's breasts, Jill will try to stop me, and the young girl's father will threaten to cut off my right hand. Whaddya gonna do?
I wonder if Krugman is one of the 17. I would be shocked if the blithering idiot was not
Joseph Stiglitz.
I remember his book “Globalization and Its Discontents,” and then he became part of the Globohomo War on Reason.
A real scumbag.