Skip to comments.An interview with Paul Krugman
Posted on 05/04/2012 5:47:48 PM PDT by Oldeconomybuyer
...Q: But isnt the way it would actually go is the Republican Party would say that what we need is tax cuts?
A: But that wont work. Remember, they dont 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. Theyve never believed in any of this. Theyre at a point that doesnt exist in our spectrum. Here, people are either pro-Keynesian economics and pro-strong welfare state or they dont 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: Lets 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 were on a runaway climate change will start to become a lot more obvious. It wont 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 ...
Yes. The stupid, it robs the breath.
Paul Krugman has yet to find a topic about which he isn’t a fool.
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.
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.
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!
Read the Party's file on this American FIFTH COLUMN Member:
——What does a fiscal crisis actually look like in a country that controls its own currency? Because people think a lot about Greece, but its not Greece. Greece cant 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