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An interview with Paul Krugman
Washington Post ^ | May 2, 2012 | Ezra Klein

Posted on 05/04/2012 5:47:48 PM PDT by Oldeconomybuyer

...Q: But isn’t the way it would actually go is the Republican Party would say that what we need is tax cuts?

A: But that won’t work. Remember, they don’t like tax cuts for ordinary people. They like tax cuts for the rich. That will be very ineffectual. And they want to raise taxes on the undeserving poor.

Q: Speaking of Keynes, are you surprised that Europe ended up so far on the other side of, so to speak, the Keynes curve?

A: No. I know the Germans. They’ve never believed in any of this. They’re at a point that doesn’t exist in our spectrum. Here, people are either pro-Keynesian economics and pro-strong welfare state or they don’t believe in Keynesian economics and they believe in social darwinism. The German thing is rigorous, you-must-balance-your-budget and a belief in a strong welfare state.

Q: Let’s step back for a moment. What do you think we should be worrying about in 10 years?

A: I really think 10 years from now the signs that we’re on a runaway climate change will start to become a lot more obvious. It won’t be big rises in temperature yet, but will be enough to make people look around and say, oh my God. But by then, it will be very hard to bring it under control.

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


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: economics; failure; journalism; krugman; socialism
Idiot.
1 posted on 05/04/2012 5:47:57 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Yes. The stupid, it robs the breath.


2 posted on 05/04/2012 5:50:40 PM PDT by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
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To: Oldeconomybuyer

Paul Krugman has yet to find a topic about which he isn’t a fool.


3 posted on 05/04/2012 6:07:56 PM PDT by muir_redwoods (I like Obamacare because Granny signed the will and I need the cash)
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To: Oldeconomybuyer
This is a re-post of my comment regarding Ted Turner a few days ago. The name was changed to identify the equally Guilty.

KRUGMAN’s Stupid is so Stupid that even Stupid people think it is the Stupidest Stupid that they have ever seen.
And that is saying something.

4 posted on 05/04/2012 6:11:24 PM PDT by Kickass Conservative (A day without Obama is like a day without a Tsunami.)
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To: Oldeconomybuyer

I love Krugman. I learn so much from him by applying “The Krugman Rule”:

Krugman is ALWAYS WRONG - NO EXCEPTIONS.

You just read his stuff and you can count on the opposite of what he says being true. Works every time.


5 posted on 05/04/2012 6:20:16 PM PDT by InterceptPoint (TIN)
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To: Oldeconomybuyer
Krugman never got over being stiffed by obama for his council of economic advisors. It destabilized Krugman mentally to be upstaged by those he considers his marked inferiors. Krugman needs psychiatric help.
6 posted on 05/04/2012 6:26:00 PM PDT by hinckley buzzard
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To: Oldeconomybuyer

And parents actually spend $50,000 a year for Biffy and Buffie to go to Princeton and get the kids brains muddled by this total flaming idiot Krugman, and his sidekick Blinder, (as well as Zer0’s new economic advisor from Princeton - can’t remember the a-holes name!)

Absolutely disgusting, and we wonder why there’s an Occupy crowd around the entrance to our office buildings; Commies all!


7 posted on 05/04/2012 6:45:15 PM PDT by Noob1999 (Loose Lips, Sink Ships)
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To: Oldeconomybuyer
Read the Party's file on this American FIFTH COLUMN Member:

Klein, Ezra

Read the Party's file on this American FIFTH COLUMN Member:

Krugman, Paul

8 posted on 05/04/2012 7:28:09 PM PDT by Col Freeper (FR is a smorgasbord of Conservative thoughts and ideas - dig in and enjoy it to its fullest!)
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To: Oldeconomybuyer

——What does a fiscal crisis actually look like in a country that controls its own currency? Because people think a lot about Greece, but it’s not Greece. Greece can’t print its own money.-——

That’s actually a very good question.....since we are actively in one now.....

Of course Krugman gets the answer wrong....

We will greatly lower our standard of living....due to inflation eating huge chucks of our buying power..... while uncle Sam pays off the debt with inflated dollars.....a hidden tax on our wealth


9 posted on 05/04/2012 7:48:29 PM PDT by Popman (America is squandering its wealth on riotous living, war, and welfare.)
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