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Krugman, Who Is Paid $25,000/Month To Study Inequality, Says "Nobody Wants Us To Become Cuba"

Tyler Durden's picture




 

When it comes to Krugman's views on any particular topic, he may be right and he may be wrong, but whatever his opinion he always has a much to say about it (even if the factual backing is of secondary importance or outright missing). Today, his chosen topic is inequality, and in an interview with Bloomberg's Tom Keene, shown and transcribed below, he certainly says much, encapsulated perhaps by the following gem:

"There's zero evidence that the kind of extreme inequality that we have is good for economic growth. In fact, there's a lot of evidence that it is actually bad for economic growth. Nobody wants us to become Cuba. The question is, do we have to have levels of inequality that are getting close to being the highest levels ever anywhere. We're really starting to set new records here. Is that a good thing for anybody? If you look at our own history, it's not true. The fact of the matter is since inequality began soaring around 1980, the bottom half of America has been pretty much left behind. It has not been a rising tide that raised all boats."

Ah yes, inequality, the same inequality that the Fed - Krugman's favorite monetary stimulus machine, after all it was none other than Krugman who suggested that in order to offset the bursting of the tech bubble the Fed should create the housing bubble - has been creating at an unprecedented pace since it launched QE. Just recall: "The "Massive Gift" That Keeps On Giving: How QE Boosted Inequality To Levels Surpassing The Great Depression."

So while Krugman is right in lamenting the record surge in class divide between the 1% haves and the 99% have nots, you certainly won't find him touching with a ten foot pole the root cause of America's current surge in inequality.

And, tangentially, another thing you won't find him touching, is yesterday's revelation by Gawker that the Nobel laureate is the proud recipient of $25,000 per month from CUNY to... study inequality.

From Gawker:

According to a formal offer letter obtained under New York’s Freedom of Information Law, CUNY intends to pay Krugman $225,000, or $25,000 per month (over two semesters), to “play a modest role in our public events” and “contribute to the build-up” of a new “inequality initiative.” It is not clear, and neither CUNY nor Krugman was able to explain, what “contribute to the build-up” entails.

 

It’s certainly not teaching. “You will not be expected to teach or supervise students,” the letter informs Professor Krugman, who replies: “I admit that I had to read it several times to be clear ... it’s remarkably generous.” (After his first year, Krugman will be required to host a single seminar.)

 

 

CUNY, which is publicly funded, pays adjunct professors approximately $3,000 per course. The annual salaries of tenured (but undistinguished) professors, meanwhile, top out at $116,364, according to the most recent salary schedule negotiated by the university system’s faculty union. And those professors are expected to teach and publish. Even David Petraeus, whom CUNY initially offered $150,000, conducted a weekly 3-hour seminar.

 

Along with the offer letter, CUNY released dozens of emails between Krugman and university officials. “Perhaps I’m being premature or forward,” the Graduate Center’s President, Chase Robinson, tells Krugman in one of them, “but I wanted you to have no doubt that we can provide not just a platform for public interventions and a stimulating academic community­—especially, as you will know, because of our investments in the study of inequality—but also a relatively comfortable perch.”

 

Which is undeniably true: $225,000 is more than quadruple New York City’s median household income.

Surely, and in keeping with this very vocal beliefs, the good professor
will promptly donate the $225,000 in annual income reserved to help the problem of inequality to a needy charty
catering to the poor, at the first opportunity.

Or not. After all, nobody wants us to become like Cuba, eh?

The full Bloomberg interview below:

And the transcript of the key highlights:

Krugman on dangerous slack in Economy:

"If people are unemployed for long enough, they may never get back into the workforce. If investment is depressed long enough, we never build the capacity. So if you think there is a lot of slack or even if you think that there might be a lot of slack in the US economy, then that should be a tremendous preoccupation. We've got to get rid of that. We need to get this economy back to something like full employment. It becomes the most urgent priority we have right now."

Krugman on Japan vs. Europe:

"I have to say, when the Europeans say we're not Japan, I agree. Japan was never in as dire straits as Europe is right now. They never had the mass unemployment. There was never a part of Japan that looked like Spain or Greece does in Europe right now. So their notion that they are somehow doing better than Japan, they are doing worse than Japan ever did."

Krugman on current economic conditions:

"We should be vastly impatient. This has gone on. If you had said in 2007, that more than 6 years after a recession begins, we would still be talking about an economy with high unemployment, sluggish job growth, there hasn't been a single month, that I can remember, where we've created as many jobs as we did during an average year during the Clinton administration. This is crazy. The idea that this should be regarded as an acceptable pace of progress is just really, really wrong."

Krugman on inequality:

"There's zero evidence that the kind of extreme inequality that we have is good for economic growth. In fact, there's a lot of evidence that it is actually bad for economic growth. Nobody wants us to become Cuba. The question is, do we have to have levels of inequality that are getting close to being the highest levels ever anywhere. We're really starting to set new records here. Is that a good thing for anybody? If you look at our own history, it's not true. The fact of the matter is since inequality began soaring around 1980, the bottom half of America has been pretty much left behind. It has not been a rising tide that raised all boats."

Krugman on how income inequality gets solved:

"American history is actually very encouraging because in America, we often had leadership, we had often people from the affluent classes themselves who said this is too much. If we could have modern politicians speaking as forthrightly about the danger of high concentration of wealth as Teddy Roosevelt did in 1910, we would be a long way towards having a good solution to this. I guess I believe that America has a tremendous redemptive capacity, an ability to take a look and say, in the end, what our ideals, what do we want society to look like, an ability to step back. We don't have to become this oligarchy that unfortunately we are drifting towards."

Krugman on whether we are living in a gilded age:

"It's more than that. We're at gilded age level of inequality and beyond. It's a belle epoque as Pikkety says. It's an era not just of great inequality but increasingly of inherited inequality and I think if people understand that they'll say nope, we don't want that to happen and we can do things that are not Draconian, that are not socialist in the American tradition to limit that rise in inequality."

Krugman on Obamacare and Obama:

"At this point, Obamacare looks like it is a success. It's not the program anyone would have designed from scratch but it is a huge improvement for American lives and just having that legacy plus the somewhat weaker but still important legacy of financial reform, Obama is one of our most consequential presidents. You have FDR, LBJ, Ronald Reagan and Barack Obama as presidents who left America quite a different place once they were done."

Krugman on the basic problem with the US Economy:

"The basic problem with the US economy is that there are not enough jobs. And then, given that, employers get to be picky. Who would they want to offer a job? Preferably somebody who already has one or who lost a job only recently so the long-term unemployed get ruled out."

Krugman on whether he has seen long term unemployment like this ever in his career:

"No, we know that there's been nothing like this since the 1930s. This is a completely new thing for almost everybody. People who remember this were children when they saw it…There are many things I'm angry about but that's certainly one of them. We have millions of people who have just been ruled out of the discussion but we can try to do things to make them more employable but we really just need more jobs. So that employers have an incentive to go out and look for qualified people even if they aren't people who already have jobs."

Krugman on proper level of growth that we need to begin solving our labor challenges:

"Well I'm of the belief that we have slack in the economy. Best guess, and we don't know this for sure but I think we still have 5 or 6% slack in the economy and we should be taking it up fast. We should be growing -- we are that deep in the whole that we should be growing several points above the long run growth rate. So we should be having 4 or 5% economic growth at this point. So when we look and we say oh great, we're doing 2.5%, that's just showing how far we've become accustomed to -- how used to really dismal economic conditions."

Krugman on Government and Wall Street:

"Government has shaped the form of markets all the time. There's no law of nature that says that people have to be free to build a new fiber optic cable that allows them to be 3 milliseconds ahead of the rest of the market. This is stuff that certainly could be regulated. There's actually two things. One is, the market being too perfect is actually undermining the work of discovering useful knowledge and the other is, you are spending a lot of your sources on stuff that is of zero social benefit."

Krugman on whether there is a lack of confidence in our financial system because 'the smart guys have too much information':

"I think there's not enough skepticism. Our financial sector has gotten way bigger and more concentrated. It has grown from 4% to 8% of GDP and it is not at all clear what society is gaining from that. I think if anything, the general public is too willing to take Wall Street at face value as actually performing a useful service."

 

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Thu, 04/17/2014 - 13:39 | 4670099 Fuh Querada
Fuh Querada's picture

CUNY - the last letter begs to be substituted

Thu, 04/17/2014 - 13:42 | 4670107 NotApplicable
NotApplicable's picture

Well, this ruined what was a perfectly good lunch.

Thu, 04/17/2014 - 13:43 | 4670114 fonestar
fonestar's picture

KRUGMAND!!!!!!!!!!!!

Thu, 04/17/2014 - 13:46 | 4670125 nope-1004
nope-1004's picture

"I am too smart to comment or be questioned.  Just trust me."

 

 

Thu, 04/17/2014 - 14:02 | 4670177 Anusocracy
Anusocracy's picture

Pay the asshole in Zimbabwean Dollars.

Thu, 04/17/2014 - 14:36 | 4670320 BTFDemocracy
BTFDemocracy's picture

I got $50 trillion Zimbabwe dollar bill sitting in my back pocket.... like all ZH'ers should.. to show people what inflation means, during argument.

P.S. I got the $50 trillion as unrequested 'extra' when ordering my $100 Trillion Zim bill.. as apology for it being 10 days late in mail; to compensate for inflation.

Thu, 04/17/2014 - 14:52 | 4670395 NoDebt
NoDebt's picture

"Inequality"- Democratic platform #1 in the 2014 elections.

You really think they want him for any other reason?  This is a political appointment by proxy.

Thu, 04/17/2014 - 15:14 | 4670484 James_Cole
James_Cole's picture

Not a fan of the guy but file this under not a big deal. Moderately more than not-famous-at-all folks get at lots of universities for doing an equal non amount of teaching. Not a great indicator of priority spending at universities, but that's part of the shit-a-fying / raping of post secondary ed. 

Oh, he was doing it for something to do with inequality. gahh hisss moaaannnnnn Seriously people, 225k? Get over it. 

Thu, 04/17/2014 - 15:27 | 4670538 Telemakhos
Telemakhos's picture

The funny part is that his salary would hire twelve "contingent labor" instructors ("professors of the practice" or "visiting associate professors" or whatever new label is being attached to no-tenure, low-wage jobs that even Ivy League PhD's, at least the ones whose dissertation advisors were insufficiently well-connected to help them find positions, are now desperate to take in order to sustain the fantasy of remaining on a higher academia career path).  Those would probably be teaching-only positions with no chance of research funding, and in NY you probably couldn't live on that without a second job or, for the lucky, inherited income.  Krugman earns twelve times that amount to do no teaching, just research, most of which leads to high-paying speaking engagements and lucrative book deals, all about "inequality."  This is why Johnny gets a shitty education in today's "higher academia" and why none of his instructors are actually professors, just TAs and recent PhDs with no realistic chance of ever becoming a professor.

Thu, 04/17/2014 - 15:45 | 4670616 New England Patriot
New England Patriot's picture

How can you spend your entire professional life thinking about a school of thought which makes no sense?

Seems like a recipe for a headache.

 

Thu, 04/17/2014 - 19:25 | 4671270 weburke
weburke's picture

cuba, does he not know that castro gets to put medals on the chest of the head of the knights of malta? the queens cousin no less !

Thu, 04/17/2014 - 23:06 | 4671983 knukles
knukles's picture

I'm crushed.  All day I was working, as in gnawing my fingers to the bone, striving to make enough to pay Uncle Sam, only to find a Paul Krugman Article from Hours Past.
So I am Compelled to simply say;

FUCK PAUL KRUGMAN 

Thu, 04/17/2014 - 20:18 | 4671460 TheReplacement
TheReplacement's picture

Those who cannot do, teach.

Thu, 04/17/2014 - 22:49 | 4671944 willwork4food
willwork4food's picture

KRUG. What.a piece.of.shit.

Fri, 04/18/2014 - 06:45 | 4672427 Not Goldman Sachs
Not Goldman Sachs's picture

that's the business model, pretty sheety, just like these phucking ads

Thu, 04/17/2014 - 16:04 | 4670694 A Nanny Moose
A Nanny Moose's picture

Ad Populum. But you are in a sense, correct. Just file this under, Edewkayshun - another gummint program.

Another example of why we should end The State.

Thu, 04/17/2014 - 20:26 | 4671480 TheReplacement
TheReplacement's picture

We can't realistically end the state (if by The State you mean TPTB then yeah).  There are too many genies out of the bottle and they won't go back in.  Our founding fathers recognized the need for organization.  They also defined limits.  What we the people need to do is realize this is our country, not TPTB's and take it back.  We need to strictly enforce the limits of government as set forth in the Constitution.  We need to set forth further limits on government such as term limits across the board, only people are people, only citizens are legal and may stay, no foreign entity may own real estate or associated rights within our borders, yada, yada..   To not do so will lead to our deaths.  We must be the change we are waiting for.  (That's actually a pretty good statement despite the originator's character).

 

Thu, 04/17/2014 - 20:16 | 4671454 TheReplacement
TheReplacement's picture

I don't always agree with James_Cole but when he has a point he has a point.  This instance is just a poster child for what goes on at American universities.  It is disgusting but it is not unusual.  Why are you complaining now about Kruginator when you have not said anything about the whackadoodles teaching in your state or locality?

Specifically about Krugtron, he seems to be calling for more drastic measures while also giving cautious criticism to Obama's handling of the economy.  I think he is starting to set the table for the next chapter and that chapter probably doesn't end with Obama in charge.  I also think he uses certain wording to hedge his bets in case the force that kicks Obama out is not Valerie Jarrett but the citizens of the country.

I also believe his modesty in the correspondence is the definition of fascade.

Thu, 04/17/2014 - 15:01 | 4670417 smlbizman
smlbizman's picture

is that you billy joe

http://www.youtube.com/watch?v=F4fKnWxq7Lo

if you need a smile today this 2 minute clip will give it to you

Thu, 04/17/2014 - 18:17 | 4670642 malek
malek's picture

Often too late to do so.

I put a $50 trillon Zdollar bill in the birthday cards of my close friends children when they turn 9 or 10...
When asked, I explain "yes that is (now: was) real money! But unfortunately you can only buy one chewing gum <or insert favorite small item here> with it."

That gives them something to think about, when they grow up and contemplate over absolute and relative "values."

Thu, 04/17/2014 - 14:03 | 4670179 maskone909
maskone909's picture

this article reminds me i need to go buy some more krugerands

however silver is looking realllllly good rightnow.  maybe some more NTR 10 oz bars instead

Thu, 04/17/2014 - 14:30 | 4670295 Crash Overide
Crash Overide's picture

Krugman is a fucking asshole, someone should kick him in the balls for all the pain he has caused with his keynesian dribble.

Thu, 04/17/2014 - 14:34 | 4670311 stormsailor
stormsailor's picture

that is such an insult to normal everyday assholes

Thu, 04/17/2014 - 16:05 | 4670699 mrdenis
mrdenis's picture

This is such a insult to MY azzhole .....

Thu, 04/17/2014 - 16:11 | 4670715 A Nanny Moose
A Nanny Moose's picture

You presume he has any balls to be kicked. He's a typicial emasculated, smug, neo-liberal academic, economic high priest to the religion of Statism.

Kruggybear is just a useful Appeal to Authority for statists everywhere.

Thu, 04/17/2014 - 20:28 | 4671482 Ifigenia
Ifigenia's picture

This zio-jew Krugman and many others from wall street attack euro in 2010, spreading rumour of it demise. 4 years later, euro is till working and what those zio-jews want? Soros is already preaching QE for Euro zone, just like in Japan or USA under Bernake.

 

What i felt shocked was the media in my country just publishing those vampires nonsenses, it open my eyes that media in my country is controlled by those banksters and their kins.

Thu, 04/17/2014 - 13:42 | 4670110 caustixoid
caustixoid's picture

Indeed.  "Sad little fuck settles into cun_".

Enjoy him getting questioned on the hypocrisy.  He gets pretty testy when called out.

Thu, 04/17/2014 - 16:13 | 4670730 A Nanny Moose
A Nanny Moose's picture

Seems the acronym was short an "N"

Thu, 04/17/2014 - 14:00 | 4670171 caShOnlY
caShOnlY's picture

fuck you KRUGTURD!!

Thu, 04/17/2014 - 13:41 | 4670105 JohnFrodo
JohnFrodo's picture

One of the most brilliant Economists of his time only charges $25,000 a month. He is a true Kensyian.

Thu, 04/17/2014 - 13:46 | 4670127 Confused
Confused's picture

The pay he receives is rather ironic, considering the focus of the study, as it is roughly half (or more than half) the average American salary for people who are actually productive

 

 

Thu, 04/17/2014 - 14:03 | 4670181 fonzannoon
fonzannoon's picture

Anyone else out there noticing today that agricultural and energy is ripping (even) higher, the 10yr is selling off much more than PIIG bonds and yet gold is s a dud? The inflationary winds are blowing pretty damn hard right out in the open lately. Werid.

Thu, 04/17/2014 - 14:10 | 4670206 Grande Tetons
Grande Tetons's picture

Coffee up 7 percent.  A shitty coffee at Starbucks will cost 6 bucks next week. 

Thu, 04/17/2014 - 14:13 | 4670222 fonzannoon
fonzannoon's picture

I wish Tyler would stop humping Ukraine's leg for 5 minutes and pay attention to what is going on in these commodity markets and the U.S 10yr. 

The ballsack on this dude Yellen to claim that inflation is under 2%.....amazing

Thu, 04/17/2014 - 14:19 | 4670250 Grande Tetons
Grande Tetons's picture

Even Johnny lunchbucket is calling bullshit.  He has no idea of the Fed's 2 percent target or who the fuck this Yellen guy is...but he knows he is paying more to survive and earning the same or less. 

The cheap Ipad and plasma TV will not cut it for much longer. 

Thu, 04/17/2014 - 14:21 | 4670261 fonzannoon
fonzannoon's picture

agreed, but is Johnny's lunchbucket going to start shorting treasuries and dumping his bond funds and send the long end parabolic? Or is he going to just kick the lunchbucket? Interesting from this mornings market wrap btw.

In Japan, there is again some focus on the Government Pension Investment Fund, after the head of the GPIF advisory panel advocated that the fund should sell down longer dated JGBs and increase its allocation to equities in the coming months. 

Thu, 04/17/2014 - 14:28 | 4670288 Grande Tetons
Grande Tetons's picture

Japan shuuld be interesting..they have..in a half assed way..telegrpahed a surprise increase to their balance sheet.  

No sarc. I am thinking of dropping a couple of grand on ass wipe and coffee.  

Wanna wipe your ass? You gottah go through me first. 

Have a good one. I am outtah here. 

Thu, 04/17/2014 - 13:43 | 4670106 LawsofPhysics
LawsofPhysics's picture

And so the hypocrisy is complete.  The "academic" who is against wealth ineqality constant promotes a monetary system whereby a chosen few print money and hand it out to their friends...

 

Again, execute these useless fucking paper-pushers, nothing changes otherwise.

Unlike the French revolution, we have an excellent digital and paper trail of their crimes...

let us be entertained!!!

Thu, 04/17/2014 - 13:57 | 4670162 magnetosphere
magnetosphere's picture

careful what you wish for.  maximilien robespierre was guillotined

Thu, 04/17/2014 - 16:22 | 4670697 LawsofPhysics
LawsofPhysics's picture

No risk, no reward.

 

The issue is about bullshit, as in stop bullshitting me.  If you have a corrupt and chaotic society, at least you know what to prepare for and as strange as it sounds, that imparts a certain stability.

Don't piss down my back and tell me it's raining or keep changing the rules for me, but not yourself. 

Thu, 04/17/2014 - 16:32 | 4670802 A Nanny Moose
A Nanny Moose's picture

Says the one who, interpreted the comments of another ZH'er as calling for bloody revolution just last night, derided the other ZH'er for it.

You can do whatever you like, so long as you do not fire the first shot. That would violate the nonaggression principle. I might suggest that refusal to participate is more appropriate.

 

Thu, 04/17/2014 - 13:43 | 4670111 Skin666
Skin666's picture

Ahhhhhhhhhhhh Champagne Socialists! The ultimate hypocrites

Thu, 04/17/2014 - 13:43 | 4670112 icanhasbailout
icanhasbailout's picture

Always flush after you Krugman.

Thu, 04/17/2014 - 13:46 | 4670128 Grande Tetons
Grande Tetons's picture

Do not forget to wipe your Bernanke. 

Thu, 04/17/2014 - 13:50 | 4670138 SilverIsKing
SilverIsKing's picture

You don't need to wipe your Bernanke if you took a Golden Yellen.  In that case, you just need to shake your Holder.

Thu, 04/17/2014 - 17:58 | 4671018 maskone909
maskone909's picture

haha damn u guys can put a smile on my face.... the same thing that will make you laugh will make you cry

Thu, 04/17/2014 - 13:44 | 4670115 Spitzer
Spitzer's picture

Please... Just don't even...

 

Thu, 04/17/2014 - 13:44 | 4670116 kevinearick
kevinearick's picture

Wasting Assets in Zombieland

That’s it, park the truck in the back forty, watch it rust, and book it as an inflating asset.

Securitization is writing a bad check to cover the last bad check; that’s it.

Does Putin have a 100% approval rating yet? Why can’t poor Mr. Lee seem to fix those elevators, no matter how much money he throws at them? Do you want to be the elderly and disabled?

Here in the hinterland, where best big city practice is most obvious, the real estate agency scoops up the property for next to nothing, kicks the tenants out, and brings in its contractors, who ‘work’ for six months doing 2 weeks of work, booking it as an asset draw on a wasting asset, which cannot be rented because the rent is now too high, unless it goes into the so-subsidized public housing stock, bad checks all around. Keep up the good work. Rental demand is high the slumlords say, as you walk by all their dead inventory.

What did the Clintons actually accomplish with those free trade agreements, other than expensive make-work for themselves? What exactly are the critters in big cities, where all the votes are counted, accomplishing?

Do you suppose there is some relationship between the behavior of Africans and the inability of empires to subdue them profitably?

Your product is not as valuable as your skill, which is not as valuable as your talent, which is not as valuable as your DNA.

Electricity is time, and time is electricity, heat transport between switches. The speed of light is a limit of the instrument, not of the universe.

You might want to re-think a bait and swap war against the 1%, which does not book its gains in stupid bad checks. Build your army just as big as you like. Separation of power is and always has been a myth. A judge is a politician in a robe; that’s it.

Keep writing bad checks, faster and faster, wondering why no one with any talent shows up for the game. Real Estate is like the Wheel of Fortune, in that the real value of the prize is not worth the arbitrary tax against it.

NPV depends upon the ongoing assumption, which depends upon having children, productive children in particular. Wages at 2X rent works out great for single people parading around in civil marriages, until it doesn’t. The computers just make it easier to boil the frog.

Manhattan is a government grant, something for nothing. Magicians.

Thu, 04/17/2014 - 13:57 | 4670164 NotApplicable
NotApplicable's picture

"The basic problem with the US economy is that there are not enough jobs."

Gee, ya think? Maybe someone needs to point out to him that captialism starts with the word "capital?" Kind of hard to have any sustainable demand given the impossibility of saving in ZIRP World.

I'd like to think that the whole world sees through his blatantly idiotic bullshit. Then I go read comments on other websites and think...

Is it beer-thirty yet?

Thu, 04/17/2014 - 14:01 | 4670174 PiratePiggy
PiratePiggy's picture

How do we solve that problem? What is the magic a mix of more illegal aliens combined with a higher minumum wage seasoned with more money printing that gets the job done?   lol

Thu, 04/17/2014 - 13:44 | 4670117 Maroon Phoenix
Maroon Phoenix's picture

The joke is on CUNY and the NY taxpayer.

Thu, 04/17/2014 - 14:13 | 4670223 Big Corked Boots
Big Corked Boots's picture

And the students.

"Think about the children..."

Thu, 04/17/2014 - 17:01 | 4670868 Excursionist
Excursionist's picture

Speaking of which... CUNY really is the more interesting subject in this story.

I would love to understand the proverbial butterfly-flapping-its-wings sequence of events that led to POTUS getting on an inequality kick and CUNY commencing some sort of study of the subject.

 

Thu, 04/17/2014 - 13:45 | 4670119 Make_Mine_A_Double
Make_Mine_A_Double's picture

Almost as amusing as the Chimp bleating about 'income inequality'....that he and his prostitutes have done more to turbo charge than in the last 5 years than anyone.  

Thu, 04/17/2014 - 13:45 | 4670123 CharliePrince
CharliePrince's picture

krookman

Thu, 04/17/2014 - 13:46 | 4670130 alien-IQ
alien-IQ's picture

that silly motherfucker needs to be bitch slapped...frequently.

Thu, 04/17/2014 - 13:58 | 4670139 Grande Tetons
Grande Tetons's picture

No shit. Every time I see that fucker I have this urge to give him an atomic gonch pull. 

Atomic gonch...when the elastic of the underwear is pulled so far that it is resting on top of the victim's head. 

Thu, 04/17/2014 - 13:47 | 4670133 Tom Brady
Tom Brady's picture

Now I finally realize why be believes in this keynesian nonsense;  he doesnt but it pays to pretend like you do anyways.

Thu, 04/17/2014 - 14:00 | 4670172 NotApplicable
NotApplicable's picture

I would say he's compartmentalized his thinking well enough that there's nothing but theoretical wishful thinking going on.

When one is an expert in incoherence, doublethink is your friend.

Thu, 04/17/2014 - 14:16 | 4670240 sondernauch
sondernauch's picture

Krookman is the Picasso of economics.

Thu, 04/17/2014 - 13:51 | 4670141 SeattleBruce
SeattleBruce's picture

He reminds me of the child holding his hands over his ears and shouting, "Na, na, na, na!!", over and over so he doesn't have to hear what anyone else is saying.  Stuck. In. His. Ways.  (And being paid for it.)  Hypocrite.

Thu, 04/17/2014 - 13:51 | 4670142 Uncle Remus
Uncle Remus's picture

A problem screaming at the top of it's lungs for a solution.

Thu, 04/17/2014 - 13:51 | 4670144 maskone909
maskone909's picture

25K A MONTH!>!>!>!> wtf man. i realllly cant wait for a day when these people have to work for a living.  this just ruins my day god damnit.

Thu, 04/17/2014 - 14:52 | 4670399 Emergency Ward
Emergency Ward's picture

The only thing Krugman fears is being paid a Cuban salary.

Thu, 04/17/2014 - 16:54 | 4670854 Bunga Bunga
Bunga Bunga's picture

With his favorite economic policies implemented by Greenspan and Bernanke this country will end up like Cuba very quickly.

Thu, 04/17/2014 - 13:53 | 4670149 NoDecaf
NoDecaf's picture

If Krugman jumped from a building or shot himself with a nail gun, that would remove some slack from the economy.

Thu, 04/17/2014 - 13:56 | 4670155 skins1
skins1's picture

Talk about a taker...

Thu, 04/17/2014 - 13:57 | 4670161 gdiamond22
gdiamond22's picture

Krugman epitomizes one of those guys who you don't even need to hear speak (unfortunately, he never shuts up) and you just want to punch the guy right in the face, glasses or no glasses.

Thu, 04/17/2014 - 14:00 | 4670170 RSDallas
RSDallas's picture

I can't watch anymore of this idiot.

Thu, 04/17/2014 - 14:03 | 4670180 GOLD AND SILVER...
GOLD AND SILVER NATZI's picture

I can't even read this shit anymore.  It's not enough that Krugman and people who think like him have destroyed this country and set it on the path to becoming an oligarchy, but then he feigns disgust with the situation and acts as if he had no contribution to it.

 

You slimy little fuck Krugman, you know (and we know) exactly who you are.  We're not going to allow you to rewrite history and make yourself a victim you worthless piece of shit.  You, and the people responsible for this catastrophe have a moment of atonement coming soon.  Make your time you hypocritical assclown.

Thu, 04/17/2014 - 14:04 | 4670183 Z_End
Z_End's picture

$25,000 a month?! His krug runneth over...

Thu, 04/17/2014 - 14:04 | 4670185 Joe Tierney
Joe Tierney's picture

He wears a rug made of human butt hair.

Thu, 04/17/2014 - 14:04 | 4670186 paint it red ca...
paint it red call it hell's picture

I am so torn on krugman.

I can't decide whether he sucks or blows.....

Thu, 04/17/2014 - 14:05 | 4670188 Seasmoke
Seasmoke's picture

For $25,000 a month paid to Krugman.....I think is proof we already have become Cuba. 

Thu, 04/17/2014 - 14:07 | 4670192 Infinite QE
Infinite QE's picture

You know ZOG controls the world when the likes of Krugman and Larry Summers keep landing these cushy do nothing gigs.

Thu, 04/17/2014 - 14:08 | 4670196 MFL8240
MFL8240's picture

Disgusting, arrogant, con man who needs to be put in prison for the damage he has dome to this country!

Thu, 04/17/2014 - 14:34 | 4670309 MuleRider
MuleRider's picture

I was thinking more like a drop of the guillotine. 

Thu, 04/17/2014 - 14:08 | 4670198 Seasmoke
Seasmoke's picture

25,000 x 12 = 300,000

What's this about $225,000 ???????

Thu, 04/17/2014 - 14:12 | 4670216 RaiZH
RaiZH's picture

Over 2 semesters... this guy does get time off from bullsh*tting (thankfully?).

Thu, 04/17/2014 - 14:25 | 4670274 besnook
besnook's picture

9 month school year.

Thu, 04/17/2014 - 14:09 | 4670200 alangreedspank
alangreedspank's picture

OK so Cuba became what it is because of evuhl capitalist income inequality? Gotcha, Krugtron.

Thu, 04/17/2014 - 14:09 | 4670201 Joe Tierney
Joe Tierney's picture

Of course, bad taste is not a crime.

Thu, 04/17/2014 - 15:36 | 4670580 kurt
kurt's picture

Bad cum is the taste, and that's a crime, skeet skeet skeet in your middle class face, lap it up now.

Thu, 04/17/2014 - 14:14 | 4670228 insanelysane
insanelysane's picture

Another person being paid with taxpayer money to create a report telling taxpayers that they aren't doing their fair share.  He already wrote the conclusion.  Making up the facts takes 9 months apparently.

Thu, 04/17/2014 - 14:25 | 4670271 sondernauch
sondernauch's picture

At least his kinsman Robert Reich appears sincere when he does it.

Thu, 04/17/2014 - 14:21 | 4670245 NOTaREALmerican
NOTaREALmerican's picture

I donno,  it seems that in a natural survival-of-the-fittest environment most of a society's wealth and power would be had by the smartest-n-savviest members, just like now.    

What nobody can figure out is how to keep the smart-n-savvy people from winning OR when they are winning how to get loot from them and give it to the rest of the dumbasses (or, even if we WANT to do that at all).

There's just no way to counter the high quality bullshit created by smart-n-savvy people (which can be expected, as they are the smart-n-savvy ones and know how to create the best sounding bullshit for the dumbasses). 

Thu, 04/17/2014 - 14:18 | 4670248 moneybots
moneybots's picture

"$225,000 is more than quadruple New York City’s median household income."

 

Krugman: the face of income inequality.

Thu, 04/17/2014 - 14:23 | 4670264 sbenard
sbenard's picture

No one said he wants us to BE Cuba. He just wants us to be LIKE Cuba!

Thu, 04/17/2014 - 14:25 | 4670272 Yen Cross
Yen Cross's picture

  Look no further than one of Krugmans articles for examples of oxymoronic statements...The fucking guy probably feeds his cats dog food.

Thu, 04/17/2014 - 14:27 | 4670281 Inthemix96
Inthemix96's picture

Stunning, absolutely stunning.

They are going to pay this fucking gormless idiot 4 times the median NY wage for spouting out right, clapped out, failed bollocks, to their students none the less as most folks are struggling to get by?

This bearded clam dolt is as about right in economics, as he would be about deep cleaning macdonalds toilets.

We have come full circle, we have hit rock bottom, 25,000 notes a month for this imbeciles, imbecilic drivel taught to YOUR FUCKING KIDS??

CUNY??  Bunch of self-serving CUNTS, perpetuating a mother fucking bastard lie that the more you give the top elite juice, the more the swing worthy bastards will piss down your neck and tell you its raining.

Good fucking Dog, nothing from this point on deserves anything less than rope, especially this type 2 gobshite paraplegic con-man.

These fuckers are laughing blatantly in your faces folk, laughing and pointing and waiting for you to do something about it the lazy, non-producing parasites of no worth what so ever.  Even your shit has some use.  This fucking criminal cunt has none, not a single jot to offer the human race bar enrich himself at your expense, and with help from CUNT, he is laughing and joking away on your coin.

This swine is going to be paid 25,000 grand a MONTH to tell YOUR kids about income inequality?  Tell your friends, tell your families that this joke of a laugh is what we have been reduced to.

Theatre of the absurd?  This doesnt even come close.  This is a travesty of in-human justice, a total and immoral act against all decency and all morals.

This is the story of the decline of the west in one disgraceful episode.

Cunt

:-(

Thu, 04/17/2014 - 14:46 | 4670363 Bastiat
Bastiat's picture

Thanks for your continued efforts to single-handedly revive the use of the word in US parlance.  If ever it had a proper use it on this intellectually corrupt mealy-mouthed, sniveling wimp.

Thu, 04/17/2014 - 14:57 | 4670412 Inthemix96
Inthemix96's picture

Bastiat,

I keep chipping away, day by day little by little by little.  Try and arouse a little anger my friend, it works, I know this.

Get angry, fight back.  Thats why I do it.

Every little helps.

;-)

Thu, 04/17/2014 - 15:07 | 4670462 Bastiat
Bastiat's picture

Always enjoy your work, 96.  Cheers!

Thu, 04/17/2014 - 15:18 | 4670499 Inthemix96
Inthemix96's picture

Thanks Bastiat, youre not to bad yourself mate, in-fact, youre alright in my book.

;-)

Thu, 04/17/2014 - 14:47 | 4670377 Fuh Querada
Fuh Querada's picture

Deadwood beat you to it !
http://m.youtube.com/watch?v=tcm4hq_vUOo

Thu, 04/17/2014 - 14:26 | 4670282 Pareto
Pareto's picture

Krugman is done.  He has nothing to offer anybody that isn't wrong or offensive.  If I were CUNY, I'd be thinking that hiring Krugman was the dumbest, departmental debasing dickheaded move the organization had done in its entire history EVER.  And if I were the one responsible, the ass clown that actually signed off on this appointment, I would be embarrassed and ashamed, given the almost infinite number of superior alternatives available, and given that a young child with crayons would be more illuminating than anything he has to say, or, has ever said.  The economics discipline has suffered immensely as a result of his involvement in it to the extent that it is doubtful whether economists will ever be taken seriously in their work, ever again.  Its like an indelible burn - hard to imagine the discipline ever healing from him actually.

Thu, 04/17/2014 - 16:45 | 4670843 kwality
kwality's picture

I disagree.  I bet the academic administrators at CUNY, who themselves likely get paid $35,000 a month to make these sorts of brilliant decisions, are breaking their wrists patting themselves on the back for getting a "respected" "economist" such as our old pal Kruggybear to cash their paychecks. 

 

Thu, 04/17/2014 - 14:29 | 4670291 NihilistZero
NihilistZero's picture

In my youth I thought all people could be fundamentally good given the opportunity.  I thought evil a transient state.  The events of the last 15 years have taught me otherwise.  This insane scramble for power by people who already have abundance beyond imagination is evil to the core.  Their sycophants like Krugman, are even worse.  Leeches who could use their knowledge and positions to at least try and effect change.  Instead they suckle at the teet of power as docile babes only to cry out when their allotment from the oligarchy is diminished.

As an atheist I can say the real evils I see in this world terrify me more than all the demons of the Abrahamic faiths.

Thu, 04/17/2014 - 14:47 | 4670373 sondernauch
sondernauch's picture

You err. They are the same. This situation is exactly what Christians have been warning would happen. Stay tuned, more Babylonia Talmudic fun ahead!

Thu, 04/17/2014 - 14:30 | 4670296 besnook
besnook's picture

payoff. from who? bloomberg? for carrying the water?

Thu, 04/17/2014 - 14:32 | 4670307 MuleRider
MuleRider's picture

" You have FDR, LBJ, Ronald Reagan and Barack Obama as presidents who left America quite a different place once they were done."

Yes, a little further down the toilet. 

Thu, 04/17/2014 - 14:33 | 4670310 Puncher75
Puncher75's picture

Krugman - The Wesley Mouch of this generation.

Thu, 04/17/2014 - 14:35 | 4670317 Sorry_about_Dresden
Sorry_about_Dresden's picture

http://www.federalreserve.gov/BOARDDOCS/Speeches/2002/20021121/default.htm

It's gonna get worse than Cuba. At least they are used to being subsistance farmers.

 

"Of course, in lieu of tax cuts or increases in transfers the government could increase spending on current goods and services or even acquire existing real or financial assets. If the Treasury issued debt to purchase private assets and the Fed then purchased an equal amount of Treasury debt with newly created money, the whole operation would be the economic equivalent of direct open-market operations in private assets."

In other words....a.PONZI scheme.


Thu, 04/17/2014 - 14:37 | 4670329 fooshorter
fooshorter's picture

Fuck You Shill!

Thu, 04/17/2014 - 14:39 | 4670335 Duc888
Duc888's picture

 

 

....again, he is getting paid to say this.  He is doing a fantastic job for his employer.  Does it matter if he is told to sell shit?  No.  He is an excellent salesman to the intellectually lazy.  It's a circle jerk of offal.

 

Like George Costanza said in one of the Friends episodes...."It's not a lie if you believe it".

 

LOL

 

So of course he will continue to sell his dung for as long as he has a breath in his meat sac.  It's his Shtick.  He's the Miltom Berle of economics.  it's the only thing he knows.  He is not a "producer" of anything of value.  In a post economic crash world he'd be lucky if he could run a lemonade stand.

 

Rally -on!

Thu, 04/17/2014 - 14:41 | 4670337 syntaxterror
syntaxterror's picture

That pathetic faggot can easily donate $24,000 of his monthly take "to the people, for equality" but he won't. And he won't give up that 8% effective tax rate either. 

New York Shitty indeed.

Thu, 04/17/2014 - 14:42 | 4670349 venturen
venturen's picture

And this folks is how the democratic machine works...plain and simple. Yell and scream about the poor and children and the old...then when the money comes in STEAL IT!

Thu, 04/17/2014 - 14:43 | 4670353 nixy
nixy's picture

There's only one type worse than the Krugmans of the worlds. That's those who pay them, mostly with money created from thin fucking air.

Ultimately of course, those cunts have equal claim on the same stuff we want....... difference being we (most of us) actually created wealth in the process.

Thu, 04/17/2014 - 14:45 | 4670356 Zero Govt
Zero Govt's picture

if i was in Krugmans class (at Uni) he'd never teach ...we'd be arguing (and Krugman losing badly) all class long

Thu, 04/17/2014 - 14:45 | 4670360 Heyyouguys
Heyyouguys's picture

On Sunday morning I watch ABC with George Stinkulopolis and he has this guy on his panel of guest. If I had a gun I'd shoot the ass thru the TV. He's a snickering SOB. Then again I'd feel sorry for my TV.

Thu, 04/17/2014 - 14:46 | 4670369 Zero Govt
Zero Govt's picture

Krugman isn't worth a TV ...don't do it

Thu, 04/17/2014 - 14:49 | 4670378 I Write Code
I Write Code's picture

"The basic problem with the US economy is that there are not enough jobs. And then, given that, employers get to be picky. Who would they want to offer a job?...

And how much money will they offer?  Not much, and certainly less than last year.

Thu, 04/17/2014 - 20:42 | 4671526 Ifigenia
Ifigenia's picture

The basic problem with the US and Europe is there are a lot of Krugmans moving around the power centers. Pick them up and put them in the unemployment lists. There`s would be the turning point for the West economy.

Thu, 04/17/2014 - 14:49 | 4670383 DrData02
DrData02's picture

"Krugman... may be right".  Not a chance in Hell.  C'mon.  Don't waffle on this.  Just go with "he is wrong".  A lot safer and surely more honest journalism.

 

Thu, 04/17/2014 - 14:52 | 4670396 The Reich
The Reich's picture

He who haz ze gold makez ze rulez.

Thu, 04/17/2014 - 15:15 | 4670488 SheepDog-One
SheepDog-One's picture

Damn you, ManBernKrug!

Thu, 04/17/2014 - 15:16 | 4670495 BeetleBailey
BeetleBailey's picture

FUCK PAUL KRUGMAN!!!!

JESUS H. CHRIST WHY DOES THIS PIECE OF SHIT EVEN GET TO BE "QUOTED"???

FUCK HIM!

Thu, 04/17/2014 - 15:20 | 4670507 SheepDog-One
SheepDog-One's picture

Just like George Carlin said, it's a big club and we're obviously not big enough devious pieces of shit to be in it!

Thu, 04/17/2014 - 15:20 | 4670503 GrinandBearit
GrinandBearit's picture

Beat him, then hang him.

Thu, 04/17/2014 - 15:23 | 4670508 khakuda
khakuda's picture

Classic wealthy, overpaid holier than thou liberal.

Thu, 04/17/2014 - 18:01 | 4671025 NihilistZero
NihilistZero's picture

I find nothing this fascist pig says even remotely "liberal".

Thu, 04/17/2014 - 18:33 | 4671111 nmewn
nmewn's picture

He's not liberal at all, of course, he is the fascist enabler you describe.  

Thu, 04/17/2014 - 15:21 | 4670513 reTARD
reTARD's picture

$25k/month for bullshit?!?! Wow... Because it uses the buzz words "study," "inequality," etc. so it hits all the right academic, socialists spots. Collective world peace, common core, etc.

Thu, 04/17/2014 - 15:29 | 4670547 BeetleBailey
BeetleBailey's picture

That this total piece of SHIT is geting paid ANYTHING for "his take" on the economy is fucking proof that people ..some people....ARE REALLY FUCKING DUMB

Thu, 04/17/2014 - 15:32 | 4670563 kurt
kurt's picture

Watch Charlie Rose's interview of Christine LaGarde of the IMF. Watch carefully when the subject turns to inflation/deflation. They both trade a serious suppressed smirk verging on hilarity, insider devilry. These two demon gatekeepers, having a moment of glorious Overlordship, on the record for anyone who dares to look, seriously it verges on reptilian shape shifting. Certainly these people are playing their part in the blood sacrafice of the middle class. Keep in mind they're both Bilderberg CFR.

Thu, 04/17/2014 - 15:39 | 4670591 Walt D.
Walt D.'s picture

The real inequality we should be worried about is what people are paid in the private sector versus what people are paid to do similar jobs for the Federal Government.

Thu, 04/17/2014 - 15:40 | 4670597 juher001@gmail.com
juher001@gmail.com's picture

Cuba is NOT an egalitarian country ..it is run by an organized crime gang headed by the Castro brothers and their families as well as by well connected military and spy chiefs in the Ministry of Interior. Most workers both white collar and laborers make less then $25 USD per month. Recently the sale of private cars was legalized in this paradise..You can get a 2013  new Peueot for $95K USD or a Totyota Corolla 2006 fore a mere $39.2K USD

Some in our government definitely want us to go in this same "progressive"direction !

 

Thu, 04/17/2014 - 15:50 | 4670644 Rising Sun
Rising Sun's picture

Eat shit Krugman you fucking windbag!!!!!!!!!!!!

Thu, 04/17/2014 - 15:53 | 4670655 mumbo_jumbo
mumbo_jumbo's picture

"The basic problem with the US economy is that there are not enough jobs"

 

CAUSE COCK SUCKERS LIKE YOU TOLD US THAT SENDING ALL THE JOBS TO CHINA WAS GOOD FOR AMERICA!

dumb fuck.

Thu, 04/17/2014 - 15:53 | 4670656 malek
malek's picture

That cover for bribe money was a little thin...

Thu, 04/17/2014 - 15:53 | 4670657 silentboom
silentboom's picture

"inequality initiative" = Propaganda Campaign

Thu, 04/17/2014 - 15:57 | 4670673 B.J. Worthy
B.J. Worthy's picture

"We will provide you with a graduate assistant for 450 hours per year, approximately 15 hours per week."

So on top of the monthly 25k, Krug gets a fame-impressed college girl at his beck and call? Forget income inequality, this is poontang inequality.

"If you prefer this assignment can be fulfilled by two students."

Fuck.

Thu, 04/17/2014 - 15:58 | 4670675 3.7.77
3.7.77's picture

zzzzzz,  what's on american idiot tonight?

Thu, 04/17/2014 - 16:23 | 4670769 jmcadg
jmcadg's picture

Isn't this that arrogant prick that expects everyone to be laiden with debt, just to try an prove a point, that we all already know the answer to, that being the opposite of his brainless thoughts, but he will not listen to anyone, and if he had his way would destroy us all.

Yep.

Sadly his bullshit presumably has found it's way to the ears of those pulling the levers and thus we are screwed anyway.

Fuckers.

Aaargh bollocks, replace Mr Yellen with this dumb fuck, at least the innevitable will happen a lot quicker.

I'm bored.

Thu, 04/17/2014 - 16:27 | 4670787 bankonzhongguo
bankonzhongguo's picture

Krugman on Krugman.

"He's a cheese eating moron that should be hung by the neck with the rest of his deceiving cohorts."

Thu, 04/17/2014 - 16:32 | 4670801 sessinpo
sessinpo's picture

Headstones were created so that people know where to piss.

Thu, 04/17/2014 - 16:35 | 4670812 Peak Bagger
Peak Bagger's picture

Compared to what the American people are receiving from the guy in the White House, it seems like CU is getting a more equitable deal.  $225,000 plus $10,000 in expenses for pretty much no work as compared to $400,000 plus $1.5 billion in annual expenses for no work.  To make it more equitable, why don't we just can both of these hacks and save almost $2 billion per year that can be used by real, hard working, American citizens.  No, that would be too equitable and then they would not have to waste money to study inequality which they create. 

Thu, 04/17/2014 - 17:20 | 4670915 MedicalQuack
MedicalQuack's picture

If you think Wall Street is rigged, so is just about everything else.  Here's a lecture called "Modeling for inequality using segmentation" from a former quant who used to do models for Larry Summers, and she very professionally splits words there, worth the listen at the Q and A. 

http://ducknetweb.blogspot.com/2013/04/modeling-for-inequality-with.html

She nails it, all math models.  Further more with insurance we have a new model there. as pre existing conditions has been replaced with narrow networks, same risk assessment goals here but some new ones get to pass go and some others get tossed out.  This time it's the seniors with Medicare Advantage plans that are the bad guys.

http://ducknetweb.blogspot.com/2014/04/pre-existing-conditions-with-heal...

Here's a post with a couple good clips from Paul Wilmott "economists don't have laws, they just think they do"...and the 100 bottles of beer story that explains non linear modeled reports that are just screwed that you see all the time.

http://ducknetweb.blogspot.com/2014/04/it-will-never-be-100-bottles-of-b...

So maybe if Krugman could work with some quants on some math, maybe that might help him out as I agree economists can't tell you squat anymore but quants and mathematicians are the ones who do help. 

Thu, 04/17/2014 - 17:59 | 4671021 kchrisc
kchrisc's picture

"Look daddy, I'm a good apologist for power and theft. Don't you think? Can I have a position at State or Treasury now? The FedRes chair would be even more swell. Thanks daddy."

I for one hope that they do give him an "oathable" post in the DC US so that his crimes become more clear-cut.

 

"My guillotine likes clear-cut evidence."

Thu, 04/17/2014 - 18:23 | 4671046 Tachyon5321
Tachyon5321's picture

It  should not be a shock to anyone the Krugman is being paid with the taxpayers money for doing no work. After all, the LIS(Luxemborg Income Study at Cuny)  is headed by Janet C Gornick and she has a long history of working for radical leftist groups. Her last position was with Soros' Center for American Progress.

 

Everyone involved at Cuny that hired Krugman should be fired because the misuse of goverment money to pay rich people like Krugman not to work is a crime against the taxpayers.

 

 

 

Thu, 04/17/2014 - 18:26 | 4671085 Chuck Knoblauch
Chuck Knoblauch's picture

He wants the Chinese to invade and make him their bitch.

Paul, you already are their bitch.

Thu, 04/17/2014 - 18:39 | 4671131 LooseLee
LooseLee's picture

Since this imbecillic fool wants 'inflation', lets 'inflate' his taxes by 100% for as long as he preaches his nonsense....

Thu, 04/17/2014 - 19:45 | 4671368 novictim
novictim's picture

Loose, just don't make comments on things you have never really considered.

Inflation is not good or bad on its own.  The rate of inflation is likewise dependent on the context to judge "too high" or "too low".  If you can't, yourself, postulate how inflation double to what it is now might be a benefit to an economy with high unemployment then you had best not comment.

Thu, 04/17/2014 - 19:25 | 4671273 novictim
novictim's picture

"...bursting of the tech bubble the Fed should create the housing bubble..."

Damn.  How many times does this lie need to be addressed?  Come on!  

For the thousandth time:  The context for this quote was that Krugman was telling you what the Fed was thinking...NOT(!!!) what Krugman, himself, was proposing.  Krugman has been clear on this and of course those who read the whole piece can judge for themselves.

Sheeeesh!

What will it take for you folks to stop taking quotes out of context?  You even try to associate the current Bernanke-Yellen leadership with being Keynesian!!!  You do this over and over and over.  It's old and tired now.

Aren't you folks, Tyler, a little bit embarrassed that you have gotten this all so very wrong?  Just a little?  Or are you so fully ensconced in your anonymity and the knowledge that your readership are idiots that truth and factual errors are of no concern?

Thu, 04/17/2014 - 19:52 | 4671397 homiegot
homiegot's picture

Krugman needs a good pie in the face. Pronto!

Thu, 04/17/2014 - 20:28 | 4671484 I need Another Beer
I need Another Beer's picture

When it comes to Krugman's views on any particular topic, he may be right and he may be wrong.

 

I am curious, has Krugshit ever been right ? Just saying

Thu, 04/17/2014 - 20:43 | 4671532 the0ther
the0ther's picture

According to Mitt Romney $250k / year is the average annual income. This is not a lot of money. Stop making all the noise about it.

Thu, 04/17/2014 - 21:09 | 4671631 Ifigenia
Ifigenia's picture
This only show how perfidious this zio-jew is: "The Finance Minister, Guido Mantega, criticized this morning, in Hamburg, Germany, statements by the American Paul Krugman, Nobel Prize in economics in 2008, about the risk of economic bubbles in Brazil. Ironic in tone, the Minister recalled that the professor from Princeton University has investments in the country, suggesting that the criticisms are not supported by their own actions. "He was not only concerned about Brazil's economy, but also had applications. He had made investments in Brazil, "he said. So, Mantega said a message straight to the scholar: "we can tell the economist Paul Krugman that we don't allow bubbles in the Brazilian economy." According to Mantega, the excess of enthusiasm with respect to Brazil is being accompanied by the Government. "We are attentive to prevent the formation of bubbles in the Brazilian market", he assured" google trad. from http://g1.globo.com/Noticias/Economia_Negocios/0,,MUL1403251-9356,00-MANTEGA+CRITICA+DECLARACOES+DE+KRUGMAN+SOBRE+O+BRASIL.html
Thu, 04/17/2014 - 21:25 | 4671691 Stockmonger
Stockmonger's picture

More taxes to pay for education!

Thu, 04/17/2014 - 22:53 | 4671953 damicol
damicol's picture

Just another cheap faggotty rent boy sucking himself off in front of a mirror every morning waiting to have his  puckered asshole rented out again to any piece of shit who needs to blow off.

 

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