Paul Krugman

Paul Krugman Doubles Down On Fiscal Expansion Claims Contradicted By Data

"Everything about recent experience," Paul Krugman says, "suggests that the world desperately needs fiscal expansion to boost demand and... that our sole reliance on central banks isn’t working." However, the "recent experience" Krugman refers to doesn’t actually back his case.

Krugman Admits He Is Clueless

"...it’s clear that almost everyone on the center-left, myself included, was clueless about what actually works in persuading voters. Tuesday’s fallout will last for decades, maybe generations." It will not matter. Whatever the problem, government is not the solution.

Meanwhile, As The World Watched The Election... This Happened

So here we are, disgust from so many, euphoria from others, and LOTS of uncertainty about what’s to come. Meanwhile, all the disgust and euphoria - these are intense emotions that cloud judgment. We human beings tend to make very bad decisions... and miss a lot of important cues... when we’re emotional.

Now That The Presidential-Election Side Show Is Finally Ending...

Sadly, our self-serving Ruling Elite is only capable of resisting needed transformation by supporting a corrupt, sclerotic status quo. A new leadership class that actually understands the new mode of production may eventually emerge, but only after the corrupt, sclerotic status quo has deservedly collapsed under its own weight.

Welcome To The Halloween Nation

How’s this for stupid and ugly? It’s the Russian’s fault that Hillary finds herself in trouble again?

The Ruling Elite Has Lost The Consent Of The Governed

Every ruling Elite needs the consent of the governed: even autocracies, dictatorships and corporatocracies ultimately rule with the consent, however grudging, of the governed. The American ruling Elite has lost the consent of the governed. This reality is being masked by the mainstream media, mouthpiece of the ruling class, which is ceaselessly promoting two false narratives...

The Flawed Logic Of Inflation

"The hubris of central bankers who somehow believe they will know the precise time to alter easy money policies in order to prevent a monetary disaster is only exceeded by the foolishness of Congressional oversight in granting that authority."

Hillary: Deceit, Debt, & Delusions (Part 1)

Despite overwhelming factual evidence that crackpot Keynesian spending machinations; debasing the currency; interest rate manipulation; globalization; perpetual war; incurring unpayable levels of debt; making $200 trillion of unfunded welfare promises; has created a seething anger across the land, Hillary Clinton and her establishment flunkies propose doubling down on those same failed policies.