Keyword: krugman

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  • Captain Paul Krugman, Titanic

    10/25/2011 10:16:06 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | October 25, 2011 | Mike Shedlock
    True to form, Paul Krugman does not understand the difference between problems and solutions in Europe any more than he does in the US. In Deck Chairs, Titanic Krugman states ... OK, yes, European banks do need more capital. But their problems are a symptom of the underlying sovereign debt problem, which can only be resolved, if at all, with ECB lending AND a commitment to reflate. Without that, the losses on sovereign debt will blow right through any amount of newly raised bank capital. The housing bubble came from the Fed's unwillingness to let the recession of 2001 play out...
  • Lost In The Pointless Forest, Without A Point Of View

    10/08/2011 7:16:40 AM PDT · by Starman417 · 6 replies
    Flopping Aces ^ | 10-07-11 | Skookum
    The OWS Is A Celebration Of The Ongoing Train Wreck Of The Obama Presidency In a cartoonish caricature of himself, columnist Paul Krugman, of the NYT, has written a rambling and unfocused apology for the incoherence of the Occupy Wall Street comedy, in a lame attempt to steal the energy of the mindless mob. Borrowing the first two lines from a popular 1967 song, by Stills of Buffalo Springfield, Krugman begins his clownish attempt of a unifying message for the mob by clumsily injecting his personal prejudices in a vague but obvious method, thereby parroting a nonexistent voice of leadership...
  • Confronting the Malefactors

    10/08/2011 5:24:02 AM PDT · by matt04 · 5 replies
    The New York Times ^ | Oct 6, 2011 | Paul Krugman
    There’s something happening here. What it is ain’t exactly clear, but we may, at long last, be seeing the rise of a popular movement that, unlike the Tea Party, is angry at the right people. When the Occupy Wall Street protests began three weeks ago, most news organizations were derisive if they deigned to mention the events at all. For example, nine days into the protests, National Public Radio had provided no coverage whatsoever. It is, therefore, a testament to the passion of those involved that the protests not only continued but grew, eventually becoming too big to ignore. With...
  • The Bleeding Cure (Paul Krugman says we're killing our economy with austerity)

    09/19/2011 1:18:11 PM PDT · by SeekAndFind · 32 replies
    New York Slimes ^ | 09/19/2011 | Paul Krugman
    Doctors used to believe that by draining a patient’s blood they could purge the evil “humors” that were thought to cause disease. In reality, of course, all their bloodletting did was make the patient weaker, and more likely to succumb. Fortunately, physicians no longer believe that bleeding the sick will make them healthy. Unfortunately, many of the makers of economic policy still do. And economic bloodletting isn’t just inflicting vast pain; it’s starting to undermine our long-run growth prospects. Some background: For the past year and a half, policy discourse in both Europe and the United States has been dominated...
  • What Consensus?

    09/14/2011 4:26:30 PM PDT · by radioone · 4 replies
    Boston Review ^ | December/January 1996-97 | Paul Krugman
    I don't want to seem to quibble with Richard Freeman's essay, since I am overwhelmingly in agreement with it. Let me just make a few points. I like Freeman's idea of providing each individual with a trust fund when young rather than retirement benefits when old, but we had better realize that this is a significant change in the character of the social insurance system. Social Security is structured from the point of view of the recipients as if it were an ordinary retirement plan: what you get out depends on what you put in. So it does not look...
  • Paul Krugman identified Social Security as a Ponzi Scheme in the late 1990's.

    09/14/2011 3:34:36 PM PDT · by SideoutFred · 8 replies
    Boston Review ^ | 1996-97 | Paul Krugman
    I like Freeman's idea of providing each individual with a trust fund when young rather than retirement benefits when old, but we had better realize that this is a significant change in the character of the social insurance system. Social Security is structured from the point of view of the recipients as if it were an ordinary retirement plan: what you get out depends on what you put in. So it does not look like a redistributionist scheme. In practice it has turned out to be strongly redistributionist, but only because of its Ponzi game aspect, in which each generation...
  • Blast From Paul Krugman's Past: "Social Security Is A Ponzi Scheme And Will Soon Be Over"

    09/13/2011 9:11:10 PM PDT · by Squeeky · 16 replies
    ZeroHedge ^ | Sept. 13, 2011 | Tyler Durden
    It is one thing (what thing that is we are not sure, but we have heard others say it, so like all good lemmings we will say it too) for Rick Perry to call Social Security a ponzi scheme. After all he is some crazy, foaming in the mouth conservative, as uber-Keynesian liberal Paul Krugman may call him. And that's fine. What confuses us, however, is why Social Security would be called a ponzi by the same liberal noted previously: none other than Paul Krugman himself. Exhibit A, from a distant 1997, which perhaps one would have expected to remain...
  • History's Smallest Monster (aka Krugman)

    09/12/2011 3:29:57 PM PDT · by MontaniSemperLiberi · 9 replies
    wsj ^ | SEPTEMBER 12, 2011 | Taranto
    At 8:41 a.m. on Sept. 11, 2011, former Enron adviser Paul Krugman, star columnist of the New York Times, had something he wanted to say: "Is it just me, or are the 9/11 commemorations oddly subdued?" Krugman began his post on the Times website yesterday morning. "Actually, I don't think it's me, and it's not really that odd." So far, so obvious. Of course the commemorations are subdued. Altogether, just under 3,000 people died in the coordinated attacks of 9/11: at the trade center, whose south tower was hit 17 minutes later; at the Pentagon, and in a field in...
  • Ivory Tower Hate

    09/12/2011 3:11:07 PM PDT · by Shout Bits · 11 replies
    Shout Bits Blog ^ | 09/12/2011 | Shout Bits
    Princeton Professor Paul Krugman's ugly New York Times blog on the post 9/11 environment stopped short of accusing Pres. Bush of masterminding the attacks, but it did accuse Bush and his associates of cashing in on the tragedy, of being "fake heroes." If nothing else, the timing was hateful – the very week when the former President was called on to emerge from relative obscurity to lend gravity to the memorial ceremonies. Krugman's hate cannot hold a candle to retired MIT professor, and radical anti-American, Noam Chomsky's article in Al Jazeera. Chomsky goes a step further to condemn the US...
  • PAUL KRUGMAN: The Years of Shame

    09/11/2011 8:30:49 AM PDT · by SomeCallMeTim · 93 replies
    The New York Times ^ | September 11, 2011 | Paul Krugman
    September 11, 2011, 8:41 am The Years of Shame ... The memory of 9/11 has been irrevocably poisoned; it has become an occasion for shame. And in its heart, the nation knows it. I’m not going to allow comments on this post, for obvious reasons.
  • After reading Krugman’s 9/11 piece, Rumsfeld cancels subscription to New York Times

    09/12/2011 7:49:22 AM PDT · by SanFranDan · 22 replies
    twiter.com ^ | 9/12/11 | Donald Rumsfeld
    After reading Krugman’s repugnant piece on 9/11, I cancelled my subscription to the New York Times this AM. Twitter via Drudge
  • Rumsfeld Cancels New York Times subscription over 'repugnant' Krugman piece

    09/12/2011 7:55:13 AM PDT · by KansasGirl · 57 replies · 1+ views
    Twitter via Drudge Report ^ | 9/12/11 | Rumsfeld
    After reading Krugman’s repugnant piece on 9/11, I cancelled my subscription to the New York Times this AM.--Donald Rumsfeld 52 minutes ago
  • Paul Krugman is Insane

    09/12/2011 5:43:29 AM PDT · by Kaslin · 49 replies
    Townhall.com ^ | September 12, 2011 | John Ransom
    We always knew that Krugman couldn’t add or subtract. As an economist, the guy is a terrific writer. And fantasy is his genre. But the fact that he thinks that we’ve all been secretly ashamed of our reactions to 9/11 for the last ten years should be enough to place him in observation for indulging in too much fantasy. “What happened after 9/11 — and I think even people on the right know this, whether they admit it or not,” writes Krugman as his sick 9/11 tribute, “was deeply shameful. The atrocity should have been a unifying event, but instead...
  • Stuff I've Learned Recently

    09/12/2011 5:18:33 AM PDT · by Repulican Donkey · 26 replies
    Repulican Donkey
    FR has helped me learn some important stuff.
  • The Years of Shame (Giuliani, Bush Shamefully Cashed In on the Horror)[UNBELIEVABLE!!]

    09/11/2011 7:04:13 AM PDT · by 2ndDivisionVet · 128 replies
    The New York Times ^ | September 11, 2011 | Paul Krugman
    Is it just me, or are the 9/11 commemorations oddly subdued? Actually, I don’t think it’s me, and it’s not really that odd. What happened after 9/11 — and I think even people on the right know this, whether they admit it or not — was deeply shameful. Te atrocity should have been a unifying event, but instead it became a wedge issue. Fake heroes like Bernie Kerik, Rudy Giuliani, and, yes, George W. Bush raced to cash in on the horror. And then the attack was used to justify an unrelated war the neocons wanted to fight, for all...
  • The Fatal Distraction (Calls for another stimulus)

    09/06/2011 8:58:16 AM PDT · by 2ndDivisionVet · 17 replies
    The New York Times ^ | September 4, 2011 | Paul Krugman
    Friday brought two numbers that should have everyone in Washington saying, “My God, what have we done?” One of these numbers was zero — the number of jobs created in August. The other was two — the interest rate on 10-year U.S. bonds, almost as low as this rate has ever gone. Taken together, these numbers almost scream that the inside-the-Beltway crowd has been worrying about the wrong things, and inflicting grievous harm as a result. Ever since the acute phase of the financial crisis ended, policy discussion in Washington has been dominated not by unemployment, but by the alleged...
  • Actual comment on Paul Krugman's "Fatal Distraction" column at the New York Times

    09/05/2011 7:54:29 AM PDT · by toma29 · 9 replies
    Useful Info Nation ^ | 9/5/2011 | Thomas Bryan
    The commenter in question, mivogo, seems to think if only people would allow vandals to break all of their windows and they are forced to spend money to fix them, it's a stimulus to the economy. And anybody that's against that wants to destroy you: When someone vandalizes your home you must spend money to restore its value, and anyone who admonishes "You're going to waste MORE money? Shame on you!" is either stupid or wants to destroy you. The Republicans aren't stupid. These are the people who agree that Krugman, former Enron consultant, is an economic genius. Liberalism is...
  • Paul Krugman: Obama's Wimp-Out On Ozone Will Actually Hurt The Economy

    09/03/2011 7:56:47 PM PDT · by SeekAndFind · 42 replies
    Business Insider ^ | 09/02/2011 | Henry Blodget
    Late this week, President Obama stunned the EPA and environmentalists by dropping plans to tighten Bush-era ozone standards. His logic? Tighter rules would increase the "regulatory burden" that Republicans blame for the crappy economy. Paul Krugman says this is yet another example of Obama wimping out in the hopes that Republicans will stop attacking him. He also argues that the move will actually hurt the economy. Why will not tightening ozone rules hurt the economy? Because tighter rules, Krugman argues, would have forced companies to spend money to improve their pollution control equipment. This spending would have boosted the revenue...
  • Krugman: Broken Windows, Ozone, and Jobs (HURL!)

    09/03/2011 7:16:33 AM PDT · by maggief · 25 replies
    New York Times ^ | September 3, 2011 | Paul Krugman
    I’ve actually been avoiding thinking about the latest Obama cave-in, on ozone regulation; these repeated retreats are getting painful to watch. For what it’s worth, I think it’s bad politics. The Obama political people seem to think that their route to victory is to avoid doing anything that the GOP might attack — but the GOP will call Obama a socialist job-killer no matter what they do. Meanwhile, they just keep reinforcing the perception of mush from the wimp, of a president who doesn’t stand for anything. Whatever. Let’s talk about the economics. Because the ozone decision is definitely a...
  • What the Heck is Wrong With You People?

    08/24/2011 11:09:20 AM PDT · by Stoutcat · 15 replies
    Grand Rants ^ | 08-24-11 | Stoutcat
    Yes, you. You know who you are. You’re liberal; an academic, perhaps, or a writer/journalist/opinion-shaper of some sort. You spout the liberal line (I’m not really sure whether you really believe it, or just realize that it’s a good gig that pays well) to your adoring audience, who gobble it up and regurgitate it to others ad nauseum. This I can deal with. What I cannot deal with, what I cannot comprehend, is the dangerous mentality that sometimes accompanies basic liberal elite thinking. The mentality that actively wishes harm on our country and its citizens–all in the name of progress,...