Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Paul Krugman Answers Paul Ryan on Debt Crisis: We Can Print Money
CNSNews ^

Posted on 01/31/2013 12:54:24 PM PST by Sub-Driver

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-51 next last
To: Sub-Driver

If it’s that simple, can I print out a few $20s, too?


21 posted on 01/31/2013 1:12:29 PM PST by bgill (We've passed the point of no return. Welcome to Al Amerika.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver
Even so, that would weaken the dollar, not send interest rates soaring, and that would be good. That would help our exports,”

And it would increase the cost of our imports, including oil. We are running a trade deficit now.

22 posted on 01/31/2013 1:13:39 PM PST by kabar
[ Post Reply | Private Reply | To 1 | View Replies]

Comment #23 Removed by Moderator

To: Sub-Driver

This is who Danny Glover wanted for Sec. of Treasury. A real brain trust liberals are.


24 posted on 01/31/2013 1:16:33 PM PST by machogirl (First they came for my tagline)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Krugman is a skank!

Back during Bush’s years Krugman said that Bush’s billion dollar deficits were going to collapse the USA. The guy is a freakin’ skank.

“Krugman calls on Bush to reign in the red”
Broadcast: 11/03/2004
http://www.abc.net.au/lateline/content/2004/s1064193.htm

PROFESSOR PAUL KRUGMAN, PRINCETON ECONOMIST: Well, basically we have a world-class budget deficit not just as in absolute terms of course - it’s the biggest budget deficit in the history of the world - but it’s a budget deficit that as a share of GDP is right up there.

It’s comparable to the worst we’ve ever seen in this country.

It’s biggest than Argentina in 2001.

Which is not cyclical, there’s only a little bit that’s because the economy is depressed.

Mostly it’s because, fundamentally, the Government isn’t taking in enough money to pay for the programs and we have no strategy of dealing with it.

So, if you take a look, the only thing that sustains the US right now is the fact that people say, “Well America’s a mature, advanced country and mature, advanced countries always, you know, get their financial house in order,” but there’s not a hint that that’s on the political horizon, so I think we’re looking for a collapse of confidence some time in the not-too-distant future.


25 posted on 01/31/2013 1:17:42 PM PST by avacado (he)
[ Post Reply | Private Reply | To 1 | View Replies]

To: sten

A future weakening of the dollar means you should buy and store now as many non-perishable items as you can afford and know you will use for many years.

That would include clothes, furniture, hobby items, etc.

This also protects you against future increases in sales taxes and any future value added taxes.


26 posted on 01/31/2013 1:19:31 PM PST by cgbg (HLM--"Democracy is the theory that people know what they want, and deserve to get it good and hard.")
[ Post Reply | Private Reply | To 20 | View Replies]

To: Dead Corpse
That bill is from the second series so it was only worth 10 third series Zimbabwe dollar, which was famous for the 100 trillion dollar bill.

So my bill is 10,000,000,000,000 times better than yours.

27 posted on 01/31/2013 1:23:27 PM PST by KarlInOhio (Choose one: the yellow and black flag of the Tea Party or the white flag of the Republican Party.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Sub-Driver
Printing money worked real well for Weimar and Zimbabwe.
It's a proven technique to stoke inflation thus destroying the value of citizens' personal savings.
Moreover a Cloward-Piven national collapse is more easily achievable by the unfettered printing of fiat money.
28 posted on 01/31/2013 1:30:05 PM PST by Amagi (Obama is never so animated as when he is assaulting the Constitution.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

I am afraid I am stupid.

If Krugman is right why are we paying taxes?

The Government can just print what they need and leave us alone.


29 posted on 01/31/2013 1:30:37 PM PST by Venturer
[ Post Reply | Private Reply | To 1 | View Replies]

To: bgill
As I predicted years ago. THe idiots in charge plan to pay off national obligations with worthless dollars.

When the lenders catch on (and I'm surpised they haven't already) the spigot of real money is going to run dry.

30 posted on 01/31/2013 1:31:01 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
[ Post Reply | Private Reply | To 21 | View Replies]

To: PGR88

Very cogent synopsis. Thanks.


31 posted on 01/31/2013 1:33:54 PM PST by ColoCdn (Neco eos omnes, Deus suos agnoset)
[ Post Reply | Private Reply | To 12 | View Replies]

To: TurboZamboni

Just a wild-assed guess, but I think they already have one. Thinking that they’re just working on a home-grown delivery system. But then I wonder why the Chi-Comms or NORKS haven’t supplied one of theirs. Who knows for sure?


32 posted on 01/31/2013 1:36:33 PM PST by Carriage Hill (AR-10s & AR-15s are the 21st Century's Muskets. The 2nd Amendment is the First Human Right.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: cgbg

Sure thing; we can buy all they can ship in to us. Crank-up the $-presses. That Krugman creep makes my skin crawl; all of the delusional, marxist lib-dem trash do.


33 posted on 01/31/2013 1:40:32 PM PST by Carriage Hill (AR-10s & AR-15s are the 21st Century's Muskets. The 2nd Amendment is the First Human Right.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: cgbg

Afterthought: if you or I ran a business like those morons run the corrupt, criminal US Govt, we’d have crashed and burned, long ago.


34 posted on 01/31/2013 1:43:13 PM PST by Carriage Hill (AR-10s & AR-15s are the 21st Century's Muskets. The 2nd Amendment is the First Human Right.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Sub-Driver

In other words, we can tax people by making their money worth less. Or worthless.


35 posted on 01/31/2013 1:46:10 PM PST by Little Ray (Waiting for the return of the Gods of the Copybook Headings.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: PGR88

Wow... so why didn’t the interviewer call this guy what he is - a damned thief.

“Printing money” is simply stealing from the savings of the elderly.


36 posted on 01/31/2013 1:48:24 PM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
[ Post Reply | Private Reply | To 12 | View Replies]

To: cgbg

pricing on such items can deflate due to reduced demand... which is why I’d consider gold and when the time comes, exchange gold for dollars at that time, and buy the item... negating the inflation


37 posted on 01/31/2013 1:50:35 PM PST by sten (fighting tyranny never goes out of style)
[ Post Reply | Private Reply | To 26 | View Replies]

To: Sub-Driver

So, which Paul Krugman idea does everyone like better:

A. Minting one trillion dollar platinum coins.

OR

B. Printing trillions of dollars of paper currency with no intrinsic value.

In my humble opinion they are equally brilliant. The choice is difficult.


38 posted on 01/31/2013 1:54:13 PM PST by Belteshazzar (We are not justified by our works but by faith - De Jacob et vita beata 2 +Ambrose of Milan)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Belteshazzar

Oh, I also think the Zimbabwean alternative of issuing currency with an expiration date is another brilliant idea. I hope Krugman will give this alternative the same careful thought as the other two.


39 posted on 01/31/2013 1:57:13 PM PST by Belteshazzar (We are not justified by our works but by faith - De Jacob et vita beata 2 +Ambrose of Milan)
[ Post Reply | Private Reply | To 38 | View Replies]

To: MrB
“Printing money” is simply stealing from the savings of the elderly.

And the wages of every working-person in the country.

40 posted on 01/31/2013 1:59:45 PM PST by PGR88
[ Post Reply | Private Reply | To 36 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-51 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson