[TigerLikesRooster]

Ping!

[spokeshave]

"The Austrian free-market economists use common sense principles. You cannot spend your way out of a recession."

Yeah...but 0bambi doesn't speak Austrian.

[grumpygresh]

Can we actually believe that the evil Paul Krugman is dissatisfied with zero growth? It should be abundantly evident that Keynesianism is a bankrupt economic theory especially when coupled with unrestrained spending. He is stubbornly stuck on his beloved theory because of vanity or he is a zealous (though covert) adherent of Cloward-Piven.
Krugman is the “brains” behind 0bama’s economic strategy and thus very dangerous. I’d like to see this Krugman get a right wing media rectal exam.

[Buckeye McFrog]

boy, I could SO get to appreciate and to like Ron Paul if it were not for his troofer nonsense

[jiggyboy]

After all, Krugman is still scratching his head as to why "no" economists saw the housing bust coming. How in the world did they miss it?

Careful here. There is no way Krugman can possibly even pretend to think that nobody saw this coming. As the author notes that many did indeed foresee the disaster we find ourselves in, Krugman is simply attempting to revise history thusly: bubbles are sudden, inexplicable, unpredictable things that come out of nowhere, they're a part of normal economic activity (rather than being enabled by the deadly combination of leverage and easy money), etc.

[rabscuttle385]

Did you see this?

[djsherin]

Ping