Paul Krugman

Weekend Reading: The Trump Effect

It has been interesting to watch market participants swing from “Trump The Terrible” to “Trump The Great” in relation to the markets and economy and he isn’t even in office yet. But while Trump certainly has an extensive list of actions for his first 100-days, there are many headwinds to actual policy implementation and ultimately their success.

Totally Out Of Touch: Nicolas Sarkozy Seeks "Marshall Plan" For Africa

Does the average unemployed youth in Greece, Italy, or Spain give a rat’s ass about a Marshall plan for Africa? Hell no! They want a Marshall Plan for Greece, for Italy, and Spain. Sarkozy’s Marshall Plan for Africa idea shows how much out of touch these politically correct buffoons are.

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.