Posted on 07/07/2014 10:37:09 AM PDT by PoloSec
Paul Krugman has resorted to laughing out loud at conservatives in his New York Times columns.
Delivering a commentary on a recent piece from the Times blog The Upshot titled “When Beliefs and Facts Collide,” Krugman remarks on conservative pundits and economists who wrongly predicted massive inflation in 2010.
“Needless to say, it’s not the first time a politically appealing economic doctrine has been proved wrong by events,” he writes. “So those who got it wrong went back to the drawing board, right? Hahahahaha.”
The Upshot’s piece aimed to show that people who have a deeper knowledge of math and science than the general public are not necessarily more likely to believe in evolution and climate change. “You might wonder why monetary theory gets treated like evolution or climate change,” Krugman writes. “Isn’t the question of how to manage the money supply a technical issue, not a matter of theological doctrine?”
He ultimately concludes that for a certain type of conservative, money is a type of religion. “When faith — including faith-based economics — meets evidence, evidence doesn’t stand a chance.”
Except there has been inflation. It’s just that the CPI any more is engineered to hit most of it.
I guess krugman and the other as swipes have not purchased gasoline, groceries, or clothing lately. No inflation? I call serious bullsh*t on these goofballs.
there’s been no inflation because the economy still sucks, though Krugman predicted it would turn around (ha-ha-ha-ha)...of course there is massive inflation in areas such as food and energy- but that doesn’t count /sarc...
I guess Paul lives in anther world. Prices are going up all around me. Even at the local McDonalds.
Exactly. If you caneat thumb drives and heat your house with hard drives you’re good to go. If not you’re poorer.
Prices for the Inner Circle never matters due to their inflated salaries. They live in a bubble where their cooks buy the food.
Pray America wakes up
Facts have never stood a chance with Krugman
The nasty, lying rat that held Palin responsible for the Tucson massacre.
Nope, no massive inflation. Just look at how much gas and food cost today compared to how much they cost in 2009.
Massive inflation has not occurred yet because the banks are refusing to loan out all the trillions of dollars printed by the Federal Reserve. The banks are putting the money into the stock market. If the velocity of money is unleashed on the public, then you will see inflation sky rocket. We are already seeing some evidence of this with the CPI, if you include food and energy.
I also notice that Krugman does not mention the 92 million Americans not in the labor force.
How are those food, fuel and stock prices working out?
There's evidence all around us of the suffering of millions of children.. wouldn't a $700,000 apartment been good enough? -- Oh the worship of wealth that plagues us all. That million dollars could have eased a lot of suffering Paul Krugman Buys New York City Apartment For $1.7M
If I was a liberal Democrat, I’d be laughing and crapping on everyone too.
They’re getting EVERYTHING they want and the only controversy is when someone DARES speak out against it.
It’s a great day to be a liberal because there is NO ONE fighting back. :)
It couldn’t possibly have anything to do with the fraudulent changes they’ve made in the inflation calculations, could it Pubic Hair Face?
“...Krugman remarks on conservative pundits and economists who wrongly predicted massive inflation in 2010.”
Everything - and I mean EVERYTHING - I pay for has gotten more expensive since Obama became president. Have you seen the price of ammo these days???? Sounds like massive inflation to me.
$1.7M in NYC will buy you an apartment the size of a coat closet. Hope he is a fan of ‘cozy’.
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