Worked great for Zimbabwe didn't it?
That'll get you a loaf of bread and a cup of coffee.
Proving that yet another Nobel Committee has no idea whatsoever.
I don’t blame you. This is exasperating.
I thought this was satire, but no, it is real....
“You don’t want the government to try and balance its budget right now,” Krugman said”
Just. Frigging. Amazing.
Collectivism tends not to attract the most insightful among us.
And there it is.
The middle class shall pay off the taxes taht cant be collected from the rich and that aren’t paid by the poor.
This is why I oppose budgets based on increasing taxes on the wealthy.
They can avoid them which leaves but one class to pay the uncollected expected revenues: the middle class.
We can spend more money and increase the deficit and increase the money supply to finance the deficit by building pyramids. If that doesn't work, we can start blowing up buildings and then rebuilding them. We can flood whole cities.It all makes perfect sense to libtards.
Yes - you CAN print money.
Which will first be fed through bond-buying of the FED and their Wall Street and money-center banks, increasing their profits and bonuses (ie. making the politically-connected rich even richer)
Meanwhile you will increase the costs of all items, particularly every-day commodities for the middle class and poor. Wages will not rise with inflation, thus making the middle-class and poor, poorer.
You will also destroy the savings of workers and the elderly with artificially low interest rates. Again, making the poor even poorer.
You will also promote the welfare of Gov’t, its employees, and those who can successfuly lobby government - those who will be next in line for this money being spent, again to the detriment of everyone else.
This is WHY leaders like Thomas Jefferson and Andrew Jackson insisted on “hard money.” Fiat money can be printed at will by politicians, to benefit the governing and crony-capitalist class.
This is why Conservatives must insist on serious constraints on the Federal Reserve, or eliminating it altogether.
You have to be impressed. I am. Amazed, really.
Wow, we can just spend 1.3 trillion dollars in imaginary money every year, presto chango, with no repercussions. Whoever said there’s no free lunch?
Worked great for Zimbabwe didn't it?
That'll get you a loaf of bread and a cup of coffee.
Paul Krugman is a freaking moron. It continues to amaze me that people still listen to anything that falls out of his mouth. He has gone beyond ludicrous.
so they ADMIT they’re weakening the dollar...
that it’s a good thing...
and will continue into the foreseeable future.
that tells me one thing... buy anything that cannot be diluted
gold.
it’ll just be worth more in the future.
it also tells me to get long, fixed loans... as the value will diminish as time goes on (meaning it’ll take less time to make the same amount to pay the loan)
If it’s that simple, can I print out a few $20s, too?
And it would increase the cost of our imports, including oil. We are running a trade deficit now.
This is who Danny Glover wanted for Sec. of Treasury. A real brain trust liberals are.
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.
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.
In other words, we can tax people by making their money worth less. Or worthless.