The (Zero Hedge Reader) Annotated Krugman

Tyler Durden's picture

(In)famous artist Geoffrey Raymond has
found a brilliant and 100% margin-generating scheme for boosting the
prices of his trademarked annotated paintings: he opens them up for
indirect commentary to the Zero Hedge community, which are then
subsequently superimposed on to the painting itself. It worked for Jim Cramer, it worked for Ayn Rand, and now, it will work for Krugman (or rather the proud owner thereof). Black and White Krugman. Of course, in the process Raymond has made our prediction from two years ago that his work will be among the best IRRing
cash allocation opportunities around, with recent clearing prices
generating a triple digit investment CAGR for those who followed our
January 2009 advice. So without further ado, here is Raymond's still
unfinished Krugman, where
the most eloquent ZH comments will take their rightful place. And P.S. no stimulus,
fiscal or monetary, was wasted, or monetized, in the creation of this portrait.

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MolotovCockhead's picture

Father in heaven forgive me for I have sinned...........Holy cow!

LudwigVon's picture

Father in heaven please forgive me for I have sinned.

greased up deaf guy's picture


the world is not enough...

w's secret lover...

envious of bernanke's beard...

when almost one trillion dollars just won't do...


keynes is god...

dollar or nobel prize. which has been devalued quicker?

Coke and Hookers's picture

"I slammed my head really hard into a brick wall 500 times to acquire comparative advantage. It worked."

Thomas's picture

Krugman is a one of the front runners to replace Geithner. Got gold?

GeneMarchbanks's picture

Thomas, your joke is not only unfunny, but sick. It's a joke, right? And yes I do.

Bananamerican's picture

"tanned, rested and shovel ready"

FEDbuster's picture

"The Father of Zimbabwenomics"

akak's picture

I understand that "Krugman" happens to mean "caveman" in Dutch.

Coincidentally, the name also translates from Latvian as "prison camp proctologist", while in the closely related Lithuanian language, it has the colloquial meaning of a resident of an institution for the mentally insane.

Thomas's picture

No joke. Picked it up off Business Insider.

ATM's picture

OMFG......I just called to buy more PMs.

glenlloyd's picture

perhaps, but the position would have to be rewritten along the lines of 'host for alien embryo needed' and then he would be suitable.

penisouraus erecti's picture

Oddly, I hope he does get it - let's bring a quick end to this ponziconomy as soon as possible. He's that man for that job...............

BigJim's picture

I agree. If unleashing this man can't prove that Keynesian economics is a bust, I don't know what can.

malek's picture

Krugman is too intelligent to ever take the hot seat. So unfortunately we will never see him fail grandiosely...

And he can keep trying to refute Einstein's definition of insanity.

alien-IQ's picture

Behold the most insane ATM receipt in history. This was found a couple of days ago in East Hampton.

The question is...who is insane (or stupid) enough to keep $100 million dollars in a Capital One savings account?

You can see the receipt here:

Yancey Ward's picture

That receipt was from 10 years in the future, and it belongs to a janitor.

djsmps's picture

With a balance of $100 million, I'm more surprised at the $2.75 ATM fee.

Use of Weapons's picture

Wife of a banker who indulged in TARP.

She probably set up some kind of fund to buy kid's university debt, and has no idea about what you can do with real buying power.

bob_dabolina's picture

Attention to detail....

$2.75 atm fee means he doesn't have a Capital One account, he withdrew the money from a capital one owned atm. 

It was supposedly David Tepper. This story is older than Alan Greenspans vulva, are you just hearing about it now?

alien-IQ's picture

If the story is as old as you say, then why in the world is the date on that receipt June 18, 2011?

Attention to detail? Perhaps you should try it sometime.

flacon's picture

I don't believe in reincarnation - but after reading Krugman I am starting to wonder if he is the reincarnation of Keynes. 

Thomas's picture

Keynes is rolling in his grave over the notion that modern day Keynesianism has his name on it.

keepmydollar's picture

Seriously this guy sold his soul a long time ago.  Like most communists he is a Keynsian because he believes in devaluing everyone elses net worth so that him and his cohorts can have power over them. 

traderjoe's picture

The very best actors are the ones that actually believe in what they do. He's probably absolutely convinced he's doing the right thing.

Not an excuse of course...

FOC 1183's picture

One of the best comments on the Cramer piece is applicable here as well: "You suck"

Conrad Murray's picture

I was named KRUGman because I got more bubbles than champagne.

penisouraus erecti's picture

My name is Krugman and I am an f'tard. However, I DO have a Nobel peace prize and you don't. Unless you are Barry Obama - he won one too.......for what I have no idea.........

Landrew's picture

Peace prize? Sorry, Kruger did not win a Noble peace prize. Kruger won a Noble prize for economics. O'Bummer won a Noble Peace Prize and how did that work out ha! Maybe the committee should rename the peace prize the war prize?

MadeOfQuarks's picture

Also, as a point of interest, the so called "nobel prize" in economics is not a nobel prize at all, but the swedish central banks prize in economics in memory of Alfred Nobel.

Luke 21's picture

Ethics, rights, and morality do not have a place in economics.

Withdrawn Sanction's picture

Actually, they do. Only the superficial and the sophists (like, say, Friedman) think they do not.

Comrade de Chaos's picture

And the honorary lifetime reward for most outspoken demand mastrubator in the world goes to...


p.s. I like Ayn Rand, that lady spoke her mind. 

nowhereman's picture

Sadly, most people who trash Rand have never read her work.  Otherwise they might have to think and act for themselves.  They have convinced themselves that being an ethnic collectivist entitles them to a share of my pie, and that is precisely why capatalism is now such a dirty word.

Franken_Stein's picture


"Making banking boring." - Paul Krugman


My name is Paul Krugman.

I'm Professor at the Woodrow Wilson School at Princeton.

Who was Woodrow Wilson ?

He was the President who gave America the Federal Reserve System.

Oh, that's really very reassuring, isn't it ?


At Princeton, I teach Keynesianism.


Who was John Maynard Keynes ?

In a nutshell, he gave inflation another euphemist name.

He transformed currency debauchment and therefore federally organized theft into an academic concept that later on degenerated into a religion.


Funny how both Keynes and Wilson are tied to the central banking concept.

Honi soit qui mal y pense.


There is no homo economicus.


Where do character traits like greed and fear in market participants show up in Keynesian models ?

Where do cartel forming and collusion show up in Keynesian models ?

Where do rapidly declining natural resources and saturation effects show up in Keynesian models ?


The answer: Nowhere.


Liquid Courage's picture

Well, since a Central Bank is a cartel, they make sure to separate those two sections in textbooks by as much impenetrable, pseudo-scientific drivel as is humanly possible to ooze upon a page.

As for fear and greed, since economic equilibrium theory is merely a crude adaptation of thermodynamic equilibrium from Physics, Homo Economicus must be postulated as the social equivalent of a molecule and thus, completley lacking any such gross emotions.

The irony is that the only way oterwise intelligent young students can be induced to believe such tripe is through the greed to want to get in on the gravy train, and the fear of being marginalized by their peers.

BigJim's picture

There is no homo economicus.

What are you talking about?  Keynes was both an economist and a homo.

Not that there's anything wrong with that, per se.

akak's picture

Keynes was not strictly speaking a homo, but a new breed altogether: a pansexual.
His lusts lay in buggering everyone.