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The (Zero Hedge Reader) Annotated Krugman
(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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Father in heaven forgive me for I have sinned...........Holy cow!
Father in heaven please forgive me for I have sinned.
MORE STIMULUS PLEASE!!!
the world is not enough...
w's secret lover...
envious of bernanke's beard...
when almost one trillion dollars just won't do...
WHERE'S MY CARDIGAN SCARF?!
keynes is god...
dollar or nobel prize. which has been devalued quicker?
"I slammed my head really hard into a brick wall 500 times to acquire comparative advantage. It worked."
Krugman is a one of the front runners to replace Geithner. Got gold?
Thomas, your joke is not only unfunny, but sick. It's a joke, right? And yes I do.
"tanned, rested and shovel ready"
"The Father of Zimbabwenomics"
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.
No joke. Picked it up off Business Insider.
OMFG......I just called to buy more PMs.
perhaps, but the position would have to be rewritten along the lines of 'host for alien embryo needed' and then he would be suitable.
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...............
I agree. If unleashing this man can't prove that Keynesian economics is a bust, I don't know what can.
.
I can't find my W-2's.
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.
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:
http://consumerist.com/2011/07/whose-100-million-atm-receipt.html
That receipt was from 10 years in the future, and it belongs to a janitor.
+
11 years into the future you´ll be seeing something similar to this: http://www.flickr.com/photos/62251098@N06/5662653661/in/photostream
Black booty?
WTF is in your wallet?
FTMFW
With a balance of $100 million, I'm more surprised at the $2.75 ATM fee.
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.
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?
Andrea Mitchell?
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.
I don't believe in reincarnation - but after reading Krugman I am starting to wonder if he is the reincarnation of Keynes.
Keynes is rolling in his grave over the notion that modern day Keynesianism has his name on it.
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.
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...
One of the best comments on the Cramer piece is applicable here as well: "You suck"
I was named KRUGman because I got more bubbles than champagne.
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.........
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?
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.
http://en.wikipedia.org/wiki/Nobel_Prize
Ethics, rights, and morality do not have a place in economics.
Actually, they do. Only the superficial and the sophists (like, say, Friedman) think they do not.
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.
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.
yet another jewsual suspect.
http://www.jewwatch.com/jew-occupiedgovernments-folder.html
"Making banking boring." - Paul Krugman
http://www.nytimes.com/2009/04/10/opinion/10krugman.html
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.
awesome
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.
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.
Keynes was not strictly speaking a homo, but a new breed altogether: a pansexual.
His lusts lay in buggering everyone.
+ 1,000,000,000,000.00
I ♥ Nobel
Thankfully, money doesn't grow on trees, for that would be too economically restrictive for policy makers.
LOL!
It looks like something that was drawn on the wall of an east village dive bar bathroom. All it needs is a phone number and a cock drawn by Krugman's mouth.
The money shot
The cock is already drawn --- it's the whole picture.
Krugamn, Koo & Keynes. The modern KKK - MK
Krugman giving beards a bad name since puberty.
It's not complete unless it shows him holding one of his cats.
Krugman vs Krugman
Hack editorialist Paul Krugman attacked Jim Bunning last week for blocking the extension of unemployment benefits. Krugman said “What Democrats believe is what textbook economics says”, namely that the government should keep paying unemployment benefits.
There’s just one problem. As James Taranto pointed out, a Nobel Prize winning economist has written a very popular textbook that points out exactly what Republicans are saying — “Public policy designed to help workers who lose their jobs can lead to structural unemployment as an unintended side effect . . . . Generous unemployment benefits in some European countries are widely believed to be one of the main causes of “Eurosclerosis,” the persistent high unemployment that affects a number of European countries.”
The author? Nobel Prize winning economist Paul Krugman and his wife Robin Wells.
Sauce for the goose?
Well argued, but does it really matter, I wonder? Is there any point in reasoned debate against this elite group for whom no canard is too crass for use if the occasion requires it?
Ultimately all their arguments boil down to: look, we have you by the balls (thanks again, Woodrow!), so shut up before we start squeezing.
If this pic is printed onto rolls of toliet paper, I´m buying.
Braille for Krugman!
nobrains, nobother, nobel...krugman
My name is Krugman, and I have the second most unworthy Nobel prize ever awarded; therefore my shit smells like roses and I get paid millions to spew nonsense at you that is utter rubish. In a word, genius.
Nobel prize to Obama for talking peace, while making war. Krugman gets the prize for economics, while failing math.
Completely consistent with our up-side-down world.
We’re headed for the guillotine, or as P.G. Wodehouse would say: “We’re in the cart.”
“It's always the right time to ignore Paul Krugman (the now Laughingstock on Two Continents), the New York Times columnist, Nobel Laureate and four-time Latin Grammy nominee whose drink-yourself-sober advice on handling the debt crisis is so sharply at odds with reality.” – Tim Cavanaugh
I wish the dog had eaten Krugman's homework.
At first I was like housing bubble, then I loled
Doing "God's work".
Let ME print the money!
Trust me. I'm an economist.
My Nobel Prize > You
What? We're still in a depression?
It's because Bernanke didn't print ENOUGH money!
Quit your bitching and save the banks!
Im not sure I really like these pieces very much. As a gimick I think they are great. Nobody else can make them, if even if done better. Unfortinately they could be a lot better. They have the tropes of bathhroom wall graffiti, but lack there full expression a bathroom wall offers. The author has made his contribution overly precious. It poses as a launching point for collective expression, but in the end its just dandiest illustration, and as dandiest illustrations go they are pretty boring. Each portrait then seems the same as the last. Had the author yielded authority each likely would have been far more interearing and each highly unique and transcended the gimmick. Id still buy one as is if I could afford it, but thats just because boring gimmicks still sell.
+
Ahh Kruggles, I want to pet him and give him taffy.
His hair, like a Chia.
imo the portrait, in its hauntingly contemplative depiction, portrays the weight of the p-kruglian onus - it's tough explaining the ins and outs of metaphysical economics to the hoi polloi.
p-kruggy is such a doosh. i never liked his columns. later his textbook on international trade was required reading for a global econ class i took in college. p-krugg is the bearded Michael Jordan of obfuscatory sophistry. plus he doesn't even have the balls to ditch the beard for an unkempt mustache a la friedman.
If I wear a bowtie maybe then they'll accept my e-con-o-mythic theories
Celebrated Nobela Bubblelist Paul Krugman, a Keynesian brainless poop, solved the world’s hunger problem using phonus balonus ZIRP in his book – The Return of DEPRESSION ECONOMICS: “Depression economics…is the study of situations where there is a free lunch, if we can only figure out how to get our hands on it…”
There is a free Keynesian lunch, of course; it just doesn’t include everybody.
Sycophancy leads to necromancy.
Nice work! Syllables work! +1
Heh, my company publishes Krugman's material (all his econ books), maybe we'll see about adding this to the back :) good pr ! haha
{ That has got to be } one of the BEST POSTS, IN A DAY! Thank you Tyler.
yen
Here we have another commenter who adds their name at the end of their comment. What is up with you people? There is a by line, is that not good enough? Do you think this makes you sound more sophisticated, or makes you more memorable? Its so arrogant, im certain most people commenting on zh are not important enough that they warrent having their name afixed twice like a god signing. This is so damn douchie.
I have a fever and the only cure is MORE deficit spending. -Paul Krugman 2011
Paul Krugman -- "The more we spend, the richer we are. Really!"
This artist should put Obama in one of these paintings.
That would be a true masterpiece as The Administration would do its best to discredit the artist.
Krugman -- "I shill, therefore I am".
Keep printing, someone is out of money and needs more. We can't allow them to suffer the consequences of their own actions.
Nobel was an idiot!
Nah, Nobel had nothing to do with the economics prize, he knew econ wasn't a science. That's the swedish central banks prize for licking keynes turdhole. Krugman isn't a Nobel laureate and he knows it.
Fuck Krugman. He's not worth our input.
He needs to be wearing a Roman collar or a prayer shawl. What he espouses is much closer to a kind of quasi religious dogma than anything that his reality based.