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Paul Krugman Explained
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Paul "Freedie Kruger" Krugman; shredding commonsensical notions of prudence for dimwitted intellectual economic models for decades.
Oh, fuck Paul Krugman.
Seriously
A shill for the Progressive Ideals.
Why do you think his NYT column is entitled the "Conscience of a Liberal"?
With that title, it couldn't be clearer that it's Leftie Propaganda.
Krugman is obvious a by-product of eating too much peyote and drinking too much Mescal while reading Carlos Castaneda in the 70's...
You slander both Casteneda and Mescal!
You've misspelt my name, Bastiat. NO MORE SOUP FOR YOU! ;-)
George Costanza
Paul Krugman is paid to lie. End of story.
Krug Man should just start his own Legion of Doom who's goal is to break every window on the planet.
1 part douche. 1 part bag.
I fucking HATE PK and his cats too!
For just a short list of Krugman's greatest lies, flip-flops, revisions, and all around fraudulent statements, see this:
http://www.powerlineblog.com/archives/2012/03/why-paul-krugman-doesnt-li...
If Keynes were alive today (regardless as to how any particular person views Keynes' body of work), he'd sue Krugman for slander/libel, and get a court order barring Krugman from invoking Keynes' name forever.
2 more Krugman gems:
"The growth of the Internet will slow drastically, as the flaw in "Metcalfe's law"–which states that the number of potential connections in a network is proportional to the square of the number of participants–becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's."
"As the rate of technological change in computing slows, the number of jobs for IT specialists will decelerate, then actually turn down; ten years from now, the phrase information economy will sound silly."
-- Paul Krugman, Douchebag Emeritus
Why do you people put so much energy into hating on the dude? He's just a minion for Caesar. You know how you win against him and his ilk? Give unto Caesar that which is Caesar's. Stop using Caesar's money.
There are alternatives, but the avenues are only open to those who will see.
I am Chumbawamba.
Hey Sweets!
I think this post celebrates the idea that one can put an infinite number of feet in their mouth at the same time and not die. He is someone with their head up their ass and he should have swallowed his entire ass by now. An Escher Ouroborous so to speak. A yen/yang mobius strip for a mouth, intestinal tract, and asshole. One cannot tell where the asshole ends and the mouth begins. It's all shit, so it doesn't matter. This is why he can put so many feet in his mouth and not die.
Love you babe.
All that, and he makes my skin crawl. It is an involuntary reaction.
Cease usage of US Petro Dollar is one way for hate on Paul Krugman, but breaking face of asshole economist is more fun for stimulation of local economy.
What is this chart anyway? maybe I'm too drunk...
People who believe in a carbon tax VS People who believe in raising the minimum wage.
I don't get it, they are both the same.
Don't know if you have missed the /sarc tag or not, but the point was the intersection between the group of people who believe raising the price of something will result in less demand [carbon tax] and raising the price of something else will result in no reduction in demand [labor - minimum wage].
With the soul of vaginal effluvient.
-Chumblez.
Phd in Swine cosmetology aka economnomics.
Krugman is the NY Times paid off oracle.
Oh, I don't know. Krugman would lie whether he was being paid or not.
http://static1.businessinsider.com/image/52c173566bb3f7bb746167bb-960/kr...
Just helps prove the old maxim that people tend to assume that everyone else is like them. Krugman projects his secret sense of himself onto the populace as a whole and pronounces that most people have nothing to say to each other.
Here’s Nigel’s latest rant.
http://www.youtube.com/watch?v=PjC6UhAM16Y&feature=youtu.be
Sincerely Yours,
Nigel Farage, UKminus ScotlandIP
P.S. Oh, and fuck that Krugman-cunt! ;-)
Dr. Krugman is a declared enemy of the EUR, too. And he is very inconsistent in that criticism, too
Meanwhile, Nigel's rant is good, but his answer to the question at the end is a bit weak. We, the West, are not playing wargames, Nigel. At least 3'000 dead - in my book this is war. And yet... what do Ukrainians want?
The EU parliament - that you say should be ashamed of itself, and where I think you are in part right - did not force many Ukrainians to demonstrate against an incredibly corrupt government first, and somewhat put their hopes in a Western association second
Yes, there is a lot of Western/Atlanticist pull in that (with some criminal action in it), yet it is also a very clear home-grown crisis of the Ukrainian identity at the same time
.
He's a moron and not worth wasting this space on.
He is not a moron, the man is bringing economic plauge to America on the tribes behalf. It takes smarts to do that.
and a certain level of evil who most people cannot fathom.
Sadly, the intersection of the two sets includes a lot of people
Close to 100% of the Progressive with whom I am acquainted.
The very same ones who want higher taxes... on everybody but themselves.
Peak Intellectual Dishonesty
Uncle Knukles,
My bike is insured by Progressive. Should I call myself a progressive, a liberal, or... better yet... a lesbian? ;-)
Looney
Classic..............
http://www.youtube.com/watch?v=1vm2jPM4ee8
I consider myself a good socialist. Whats yours is ours and whats mine is mine.
Probably the best description of the 'limousine liberal' and 'Cadillac commie' types I have ever heard. + 1 to you
And a variation I've always enjoyed, Bush (for example) came in as a compassionate conservative and left as a conservative socialist ;-)
Repubs may win this next election cycle. Not because of their changed belief, but because the other side sucks so bad. If they don't change their socialist ways, that would be the end of the repubs forever. 3rd party or civil war. left/right have become irreparably separated.
I dont actually see how conservative even remotely fits in the same sentence with Bush
At least any definition of the word that would be found acceptably accurate around these parts...
All for one and the one is me....
a very clever observation
intellectual consistency is more limited than
nature will allow given the universal circumstance
on which it is based and has evolved. life is
the ultimate exploiter, terrorist and illusionist
i say with no glee or remaining affection; yet the
awe, wonder and compassion for the soul remains.
man is not different for the most part.
.
and what is the going rate for an atom of carbon?
has anyone calculated that, traded one? i have some
for sale if there is a market. em, off to ebay ......
People who, as a drop in temperature in flu patients means that the flu is being cured, believe that submerging the patient in a bathtub full of ice will cure the patient.
Their thoughts travel faster than light, so they invert the cause-effect relationship.
Wisdom chases them, but they are faster.
Krugman is a genius in the defined space within he operates - which has little relevance to the real world aside from the political mileage that can be derived... same as virtually every popular "eCONomist" before him.
Intellectual honesty is the only tool required. Hug this:
http://www.showrealhist.com/SealDow.gif
I think raising min wage will dramatically affect employment...for the better. Which has now been proven
The 13 states that raised their min wage at the beginning of 2014 saw employment increase 45% more than the other 37
I beg to differ and find myself questioning your numbers.
Not my words. Sorry. Here's quote. But perfectly logical, in a hyperbolic discounting counterintuitive way
This pattern also appeared when economists at Goldman Sachs conducted a simple evaluation of the impact of these state minimum-wage increases in 13 states that increased their minimum wage on January 1 and found that the states where the minimum wage increased had faster employment growth than the states where the minimum wage did not change this year. In fact, the 13 states that raised their minimum wage at the beginning of 2014 saw employment increase by 45% more than the 37 states that did not increase their minimum wage, according to the Center for Economic and Policy Research.
The only way minimum wage increases can work long term is if the increases come out of the 1%'s pockets and not from middle class tax increases.
Exactly. Why do you think so much propaganda is uttered against a living wage? The .1% knows how effective this would help the poor / middle class. And in the long run how much it would help all society.
The only thing that might help more is a wealth tax, lol.
Taxes don't pay minimum wage jobs. Taxes pay our lovely government employees 65,000/year. Either way, charging more for the same labor makes employers buy less of it. You have totally missed the issue by talking about taxes. I think I smell a troll.
you talk bullshit Dong
MSNBC is hiring. you'll fit right in.
http://en.wikipedia.org/wiki/The_Glass_Bead_Game
The study of economics is often baffling and confusing. Many economic theories exist but many are full of holes and conundrums. Much of how people react to a policy may have to do with timing and perception instead of reality. Economics is full of loops that feed back upon themselves and unexpected pitfalls based on expectations.
All this can become quite abstract and in my opinion Krugman is clueless as to how the real world functions. Economist predict events that never tend to unfold as expected or planned. Many of the "modern monetary theories" in use today have not been proven over time, but reflect an attitude that we can control economic cycles better than in the past. More on how few people really understand this very important part of our lives in the article below.
http://brucewilds.blogspot.com/2014/03/few-people-really-understand-econ...
I think it was a Guest Article on ZH a coupla months ago which said that economics is basically quite simple. The people who make it into a complex science are economists.
I suppose Krugman comes into that group.
The vast majority of people aren’t paying attention to the economists anymore. Those who are paying attention, and who are not insiders, recognize the message as rank propaganda. Those who are in the club don’t believe a word that is being said because they wrote the script and they know it’s all bullshit.
I like this comment a lot. Well said.
Uh Oh............... I smell a new network show this fall - "Dancing with the Economists"
It will feature Live AND Dead Keynesian Economists, and early exit contestants from American Idol.............
What's not to love?
More ZH idiocy. World is an incredibly complex place and where economists struggle (as with any social science) is the lack of the ability to do RCTs and the overemphasis & confidence in the ability of effectively model things especially in a non-steady state.
Kind of like how very real liquidity trap is in the real world but for the exact opposite reason the Keynesians give
Give him a hammer and country full of windows that need breaking ..... just not ours
I get a strong vibe of self-hatred from the bearded potato. No one can be proud of an entire career built on arguing that the solution to massive debt is much more massive debt. I would think it would almost hurt to write that.
I often find food for thought in Krugman's take on foreign economic issues but he never seems to hit the mark for me when it comes to domestic assessments. As an insider, he's definitely an insider. As an outsider, he can spot some relevant trends.
And then there are folks who are still trying to buy U.S. Roosevelt silver dimes. We can always melt them down for bullion if need be but we won't. A friend and I just tried to buy out L&C's stockpile of 1961P dime rolls. It is not an auction and we got owned. We had already locked in an order on some 1953S. After a while we decided to buy them all. They were already gone. Fuck!
So then we moved on to rolls of quarters. We got owned again!. What the fuck is going on? High frequency coin trading? Naw, it is just that market is drying up on even marginal dates for 48-64 and the prices are starting to skyrocket on some dates and especially so on dimes.
In the end we all knew what the fed was doing. I keep trying to stack and you can do so but how to add value? I am guessing that is a few of you folks. I sure hope it is anyway. I wonder what Krugman would say about the fact want I want to accumulate one million Pre-64 U.S Dimes before I die and not spend one single one of them? How is that going to work out economically? It seems that I am not the only one after dimes. Hell, I was even looking at nickles.
I saw a long strand of cable along side the Interstate that I drive everyday and I so badly wanted to stop and jam it in my trunk because I could almost smell the copper but that is too dangerous with two 18 wheelers rolling on your ass at 80 mph forget it I wonder what Mr Krugman would have to offer about my business idea of picking up spare rubber retread fling offs. You know, those chunks of tread that damned near ruin your car if you hit one? There are bungee cords galore and any other number of goodies. It all seems to get cleaned up if it has any value and so where does it all go? New shovel handles? The naked lady fund? I have picked up plenty of crap by the side of the country roads that was still good yet but the good shit is on the insterstates.
Is Krugman trying to say that we should derail traffic with the cop nail strips and all jump in and start tearing a semi-trailer apart. Fuck the driver or any one else because we are tearing the aluminum off this trailer. Am I missing something here?
Guys, let's not beat around the bush. Economists, as a whole, suck. They were in denial before 2007 and still are now. Why subject ourselves to the collective idiocy of this group of obfuscators and clueless fucks? How much money do we all want to lose?
Economists avoid intellectual honesty -- they rarely show these histories
http://www.showrealhist.com/SealDow.gif
In a world where common sense no longer matters Krugman is considered relevant. At nearly any other time in world history he would be laughed out of existence.
You should always look at the problem in the way that pays the most. The hell with intellectual consistencies.
Krugman, we're hours away from Scotland vote. Start pissing yourself. Nobody looks to you as a economic mentor. Get over it.
You've just become a failure by sales pitching the handlers agenda. What bus name do they plan to throw you under? Don't forget to wear your pulitzer prize in honor of the financial condondrum you created.
Blows a kiss to a asshole like yourself.
Fuck it.
Why is it any food stamp holding mom, any teenager, any guy with quart of beer in paper bag, any guy at craps table can appreciate the wisdom of krugmans reasoning - that a bit more credit will fix everything and if you limit credit it will be your fault when i fail.
Come guy, really. You are either ignorant or just mean spirited.
Well that is why after all that pk is nobel laureate and you sirs definitely are not!
I believe you forgot paint sniffing and little boy anal shagging via Krugman definition of Modus operandi.
If/when ebolabola goes full force (I'll save that discussion for another article comments column) I'm waiting to see him write a piece saying, "The ebola plague is actually good for us, because it creates jobs in new sectors of the economy, and creates job openings allowing people to get work, becoming productive, and increase overall demand within the economy."
You know it's in a "pending" folder somewhere on his hard drive, just begging to be sent.
It's his alternative alien invasion strategy. The man will die in a violent torture of death.
Krugman explained in one word: Propagandist. Shill
Oops! Two words. My bad.
An American, not US subject.
Ashkenazi is another.
I wish to propose a more plausible, and succinct, explanation...."douche"+"bag".
Another interesting circle of believers could be added for those who believe raising the price of cigarettes will reduce the use of cigarettes.
Or, possibly consider that those who profess to believe that higher product prices discourage use are really just disguising their motives to collect more government revenue from any source possible.
Raising the excise tax on cigarettes hasn't decreased consumption? This might be the stupidest comment I have seen all week on here.
It sure reduced my use to zero. Number one reason for me to stop buying.
Speaking of intellectual dishonesty Krugman has infamously claimed that broken things esp windows are good for an economy yet he also insists that wars " do not provide anything useful for an economy." How about all the broken things, and people,generated by wars,Paul? Actually, the U.S boomed rebuilding the rest of the world post WW II.
economists including Krugman often do incomplete statements that is they state something without providing conditions at which their statements hold true
and checking if the real world economy holds those conditions or not is often difficult if at all possible
for example:
statement: giving a group of people $100 to each will cause no inflation
conditions: this group of people will only want to buy goods that we have idle capacity to produce more
checking the condition is impossible because this group of people themselves do not know what would they spend $100 on
Haven't heard anything from Krugman lately. Wonder why?