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Paul Krugman "What Ails The World Right Now Is That Governments Aren’t Deep Enough In Debt"
This was written by a Nobel prize winning economist without a trace or sarcasm, irony or humor. It is excerpted, and presented without commentary.
From the NYT:
Debt Is Good
... the point simply that public debt isn’t as bad as legend has it? Or can government debt actually be a good thing?
Believe it or not, many economists argue that the economy needs a sufficient amount of public debt out there to function well. And how much is sufficient? Maybe more than we currently have. That is, there’s a reasonable argument to be made that part of what ails the world economy right now is that governments aren’t deep enough in debt.
I know that may sound crazy. After all, we’ve spent much of the past five or six years in a state of fiscal panic, with all the Very Serious People declaring that we must slash deficits and reduce debt now now now or we’ll turn into Greece, Greece I tell you.
But the power of the deficit scolds was always a triumph of ideology over evidence, and a growing number of genuinely serious people — most recently Narayana Kocherlakota, the departing president of the Minneapolis Fed — are making the case that we need more, not less, government debt.
Why?
One answer is that issuing debt is a way to pay for useful things, and we should do more of that when the price is right. The United States suffers from obvious deficiencies in roads, rails, water systems and more; meanwhile, the federal government can borrow at historically low interest rates. So this is a very good time to be borrowing and investing in the future, and a very bad time for what has actually happened: an unprecedented decline in public construction spending adjusted for population growth and inflation.
Beyond that, those very low interest rates are telling us something about what markets want. I’ve already mentioned that having at least some government debt outstanding helps the economy function better. How so? The answer, according to M.I.T.’s Ricardo Caballero and others, is that the debt of stable, reliable governments provides “safe assets” that help investors manage risks, make transactions easier and avoid a destructive scramble for cash.
* * *
[L]ow interest rates, Mr. Kocherlakota declares, are a problem. When interest rates on government debt are very low even when the economy is strong, there’s not much room to cut them when the economy is weak, making it much harder to fight recessions. There may also be consequences for financial stability: Very low returns on safe assets may push investors into too much risk-taking — or for that matter encourage another round of destructive Wall Street hocus-pocus.
What can be done? Simply raising interest rates, as some financial types keep demanding (with an eye on their own bottom lines), would undermine our still-fragile recovery. What we need are policies that would permit higher rates in good times without causing a slump. And one such policy, Mr. Kocherlakota argues, would be targeting a higher level of debt.
* * *
Now, in principle the private sector can also create safe assets, such as deposits in banks that are universally perceived as sound....
* * *
* * *
At this point we stopped reading.
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A ball-peen hammer?
My apologies and thank you for the correction.
I forgot to mention the word "murder" in that sentence as well!
Really?
A gandy dancer and a maul would not be enough.
Well, I could supply the ball-peen hammer, I have several.
He must make commissions on Bond purchases...take the Nobel out of your a$$ dude!
Go fuck yourself, Krugman!
Paul Krugman = Jim Cramer = Comical Ali,
same shit, different wrapping.
You forgot Baghdad Bob.
That would be Comical Ali.
On the plus side, this socket-puppet for the money-printing oligarchs will be soon, and easily, replaced; with a fem-bot in the Kardiashan model running on discarded Atari parts and 2 "D" batteries.
I know what I am about to day sounds bad.. but I really wish he would get his head cut off by ISIS.
that's terrible!
how could you advocate that??
without adding "very slowly with a rusty butter knife"???
«I know what I am about to day sounds bad.. but I really wish he would get his head cut off by ISIS.»
I'm sure Rita Katz could make an excellent production of the whole thing...
dup
Warped beyond belief...perpetual substitution of debt to attempt (and fail) to hit centrally determined levels of consumption...all this in the face of declining rates of consumer demand. Wish I had a PhD and a medal.
Or there's the real world...
Given the complete collapse of high consumer nations population growth and slight slowdown of low consumer nation population gains...the current 10yr period we enter represents about an est. 45% decline in new consumption from the previous 10yr period. By the time we get to '25-'34 net new est. consumption drops by 90%+ due to significant declines among high consumer populations not adequately offset by low consumer growth.
However, this really underestimates the rate of consumption slowdown due to the lack of population growth...as the marginal population growth sparks so much activity. It requires new infrastructure (highways, water & electricity grid buildups, hospitals)...it requires new homes and all the stuff to fill them...etc. etc. Without the high consumer population growth, overall activity tends to fall significantly more than anticipated and the knock on effects to low consumer nations (intent on moving to high consumption via exports to high consumption nations) crashes and burns.
This is a once in a millennia paradigm shift...time to re-examine and rethink everything we think we know.
http://econimica.blogspot.com/2015/08/population-growth-will-never-be-fix-to.html
yep, but growth is only necessary in a debt based ponzi
Who is sitting on trillions of $/£ to lend governments.
It's created from thin-air to buy legal title. It's called "privatization," where certain people are able to USE this newly created fake money to buy real things. If we did that, we would go to jail. It's called "legal rights to plunder."
next they will claim right of first night.
Holy Shit-for-brains Batman!
Obozo's surrender flag is up Paul's ass.
I was wondering where it was.
Would somebody please toss this guy in a woodchipper and spare us his stupidity?
Isn''t Krugman a Kike name?
He's more of a Trotsky Bolshevik.
Or, a Jacob Schiff sock puppet.
Both are applicable.
Same thing
Exponential Duochebaggery
Krugman screams ''Do you know I am a Holocaust survivor''??
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
MEGA PUKE FACTOR 9 BEX ALERT - Study of Holocaust survivors finds trauma passed on to children's genes
Genetic changes stemming from the trauma suffered by Holocaust survivors are capable of being passed on to their children, the clearest sign yet that one person’s life experience can affect subsequent generations.
"See? See? Now you have to KEEP on giving us money, forever and ever and ever and ever and ever ..." -- Nodding Yahoo
Understand your sentiment and the potential manipulation of it, but epigenetics is a very real thing. Think about it, if a person is born in a certain traumatic environment their genes have to be altered to endure that trauma, and potentially for generations. Many past generations would die from just having to experience the world we live in today.
As a comparison you can look into experiments on crows. Crows can pass on their genetics of what may be a potentially friendly or dangerous human. They test this with distinctive masks and it is passed on genetically only after a few generations. Not at all reliant on the young seeing these masks and learning behavioural responses.
While Epigenetics is real, your understanding of it is quite flawed and inaccurrate.
LOL this guy is a fuck face.
Krugman is Cramer crossed with Woody Allen.
Clearly it's time to bring back floggings in the public square... or beheadings in the public square for those of you with a guillotine fetish.
Or a great big fucking microwave oven.
Roll him up in aluminum foil if ya want the disco light show version.
HAS Krugman been to Athens lately? How's that Government debt working out?
Guess the Greeks should have borrowed moar.
Oh, they are.
There isn't two free drachma there to rub together.
Bid on an Island, what the heck.
http://www.ibtimes.com/chinese-bidders-buy-islands-greece-canada-fiji-on...
Krugman would put more stones in his backback if he wasn't climbing the mountain quick enough. Good for building muscles! It'll get us there faster eventually!
What he really needs to be saying is that the government needs to create money itself, and leave the fed out of the equation. Fuck Them!
Why has this man not been struck by lightening?
If poking self in eye with stick hurts ... NEED A BIGGER STICK AND TO POKE HARDER!
The same thing is true with U.S. foreign policy ...
former Associated Press and Newsweek reporter Robert Parry wrote:
Thats the President of the United States, Bibi Netanyahu's plan in full.
", no NewsOutlet has been voted #1 Moron on ZH for 6 months running! lol!"
--dreadnaught 07/04/15
http://www.zerohedge.com/users/newsoutlet
But with you HJ he had some glimmer , despite your loong self generated background history.
You are closing in on it, add something besides stupid anti Jew shit.
GW
That's why you have penalties for perjury when high ranking officials of the Federal government betray the public trust they swear an oath to protect!
Instant death penalty for all of them including Parry when they lie to take you to war (bankrupting you in the process) and kill a few million including their own!
If we did those types of things you think it would make it stop?!!!
Well if the stick is big enough, he won't be able to poke his eye with it and actualy hit his head instead!
This guy is a genius!
look at the size of the tumor growing on that poor cat
Why is it he never tells us how much debt will fix the problem? No matter how much debt gets issued the answer is always : moar. And when it doesn't work the bearded potato says it's because we didn't borrow enough.
Dr Engall: I gladly give you the answer to your most interesting question....Here is your answer:
https://www.youtube.com/watch?v=jTmXHvGZiSY
Since all government debt initially flows through central banking, the jew Krugman is indirectly arguing for more central banking power and influence.
I found a new website that helps to explain all this:
http://www.dailystormer.com/
Makes sense when you think about it... or don't think about it.
He carries a cat!
Time for big Reset
New law
Keep all JEWS out of ALL financial matters of a nation.
A simple loyalty oath would suffice.
And a RFID chip implant.
Been tried...without the chip, though. Didn't work. Won't work.
You'd be better of just dispensing with the State.
That's going to really fuck up Amsterdam and turn Holland into a Muslim ghetto.
Okay, even MORE of a Muslim ghetto.
Bang your head.
Five times a day.
Hey fuckface, I haven't seen any Muslims around here. Just lots of blond haired blueeyed kids.
You really enjoy believing myths.
How about your country of niggers and spics?
How is that going?
As a Jew myself (whatever that means) i concur. Jews should be banned from all finances and government positions in all countries.
Would that be enough or Auschwitz still needs to reopen, eh Dutchboy?
WASHINGTON, GEORGE, in Maxims of George Washington by A. A. Appleton & Co. "They (the Jews) work more effectively against us, than the enemy's armies. They are a hundred times more dangerous to our liberties and the great cause we are engaged in... It is much to be lamented that each state, long ago, has not hunted them down as pest to society and the greatest enemies we have to the happiness of America."
May the Children of the Stock of Abraham, who dwell in this land, continue to merit and enjoy the good will of the other Inhabitants; while every one shall sit under his own vine and fig tree, and there shall be none to make him afraid. "
Fuck off. I wouldn't be remotely surprised to discover you were a hasbara Israeli yourself, attempting to discredit the site with your cartoonish "anti-Semitism".
I thought I smelled some pig shit and lo and behold , Mr.Kikeroach shows up
Yes, reopen Auschwitz but this time use REAL ovens and gas and not just a labour camp
So whats the point in banning them from finance if they are dead anyway? Make up your mind man.
I thought I smelled some pig shit and lo and behold , Mr.Kikeroach shows up
Fuck off. I wouldn't be remotely surprised to discover you were a hasbara Israeli yourself, attempting to discredit the site with your cartoonish "anti-Semitism".
Surrender, you Capitalist pigs!
Your gulag archipeligo awaits.
Sign your organ donor card.
Krugman needs to quit writing op-ed pieces at 2:00 a.m. after drinking a 5th of Kamchatka Vodka.
You couldn't make this shit up, but he can. And, he gets away with it. I just don't understand how this can be. It is disheartening.
It's because of ass clowns like this that people all over the world are losing their asses! This guy is s mentally retarded bufoon. Even dumber than this fuck-nut is the Noble Prize Committee. How on earth can they give this guy a Nobel Prize? Really? My 11 year old knows more about economics that this fuck tard! Unbelievable that people like this are actually "admired" in the main stream press! What have we become, people? I'm just sitting here scratching my head in dis-belief!
is he on the goldman payroll?
Krugman is just covering his ass, he's trying to deflect blame from himself so that when the entire house of cards, that he helped build, collapses, he can say... "See, I told you so, should have listened to me and printed more confetti and everything would have been fine." What an asshole.
This guy is a real Turd. Stinky...
all in.
Krugman only pretends to be Keynsian. He doesn 't understand shit of Keynes. He is just an opportunist like all the rest of the DC parasites.
This pole smoker is a professor of "economics" ladies & gentlemen.
WASHINGTON, GEORGE, in Maxims of George Washington by A. A. Appleton & Co. "They (the Jews) work more effectively against us, than the enemy's armies. They are a hundred times more dangerous to our liberties and the great cause we are engaged in... It is much to be lamented that each state, long ago, has not hunted them down as pest to society and the greatest enemies we have to the happiness of America."
There were barely any jews in the US at the time of the war of independence. At most a few dutch sephardics, as they were also in London, and the odd polish jew. Such as the Rothschold representative that funded Washington, Chaim Solomon.
Jews came in after the War of Independence and saw a chance to control the nations finances by starting private central banks.
This is what G. Washington, Jefferson and Frankllind warned about.
Jews hate work they are leeches and parasites.
Right up to this very day.
https://upload.wikimedia.org/wikipedia/commons/3/3b/Haym_Salomon_stamp.jpg
Jews came in after the War of Independence and saw a chance to control the nations finances by starting private central banks.
This is what G. Washington, Jefferson and Frankllind warned about.
Jews hate work they are leeches and parasites.
Right up to this very day.
After? There was at least one there during the war.
https://en.wikipedia.org/wiki/Haym_Salomon
One kikeroach and then many. Kikeroaches multiply fast when they smell MONEY.
There were barely any jews in the US at the time of the war of independence. At most a few dutch sephardics, as they were also in London, and the odd polish jew. Such as the Rothschold representative that funded Washington, Chaim Solomon.
Am I supposed to believe a Jew who are pathologial liars and disinfo agents?
You are free to believe. You have that right.
Thanks, Kike boy
Fuck off. I wouldn't be remotely surprised to discover you were a hasbara Israeli yourself, attempting to discredit the site with your cartoonish "anti-Semitism".
Thanks, Kike boy
Friday humor?
And Saturday, and Sunday, and Monday...
What I wouldn't give to watch him and Hilsenrath in a cage fighting to the death.
Can a Nobel price be recalled? Does anyone on this board know of a Noble prize winner MORE qualified to have their prize recalled?
Obomber
It's not a real Nobel Prize. It's a prize promoted by the Swedish central bank (surprise!) and they just put "Nobel" in there to make it appear as though it were a great honor to receive it.
Alfred Nobel. inventor of dynamite.
Alfred Nobel. inventor of dynamite.
Alfred Nobel. inventor of dynamite.
yep....one.
As all money is created from debt at banks then really he is just saying we need more money in the system.
Which is what he always says.
I love explaining that to people that think "X needs more money." I always ask "Just who do you think is left that can afford to borrow it?"
[Blank Staring Intensifies]
at what point does productive work figure in?
What ails us is that TPTB actually think that the general populace is stupid enough to believe this shill - given recent events.
No, what ails us is that the general populace is stupid enough to believe this shill.
Saul Waterhead Krugmanstein
aka Stinking Jew Pig kikeroach
Fuck off. I wouldn't be remotely surprised to discover you were a hasbara Israeli yourself, attempting to discredit the site with your cartoonish "anti-Semitism".
aka Stinking Jew Pig kikeroach
Krugmansteinbergowitzbaumfeld. They shortened it to blend in.
I already answered Dr Engall in asking how much debt is needed, but thought I would post again....sue me I dont care, had 5 beers already today....Thanking Jesus for the money to buy them by the way.
Here is how much money we need to be in debt...lol
https://www.youtube.com/watch?v=jTmXHvGZiSY
!00 billion isn't rally all that much anymore.
We will ask for.....100 trillion dollars.--Hmmm, that isn't much anymore if we count the derivative debt market when she blows.
The little boy who cried Debt, one time too many...the wolves are going to rip him to shreds when this thing collapses.
I really hope there is a hell so Krugman can get what's coming to him.
We should give it our best shot up here...just to be sure.
The real problem is the debt-backed money system that has allowed wealth to become concentrated in the hands of others, which consumes itself unless debt grows exponentially. Clearly this is not a sustainable state of affairs in the long term but instead of calling attention to this fact, Krugman keeps telling us to worship at the altars of perpetual growth and consumer spending to dig us out of the hole, when in the long term they only make the fall harder.
Wait, this isn't April 1st, right?
WALTER CRICK, British Manufacturer, in the NORTHAMPTON DAILY ECHO, March 19. 1925) "Jews can destroy by means of finance. Jews are International. Control of credits in this country is not in the hands of the English, but of Jews. It has become the biggest danger the British Empire ever had to face."
The problem is the monetary system, not the "Jews". Regardless of outward religion or nationality the top 0.01% owe no loyalty to anyone but the other international elites. English, American, Chinese, Indian, all of the top bankers and businessmen are in on the debt-backed money scam.
I can sort of agree with Krugglebear on one point:
Maybe we SHOULD load up on a ton of debt to fix our infrastructure while we can still borrow cheap money.
Then default.
The default is inevitable anyway, so why don't we treat ourselves to a spruce up to last us another 50 years..?
I should be an economist.
Tick tock, tick tock...
Infrastructure won't happen. Financial rape and pillage is here and now. Maybe there's a message in that too.
This is erroneous. Who will decide what "infrastructure" to build? How will the apparatchiks know what the opportunity cost of their infrastructure spending is? Who can possibly tell if the real resources they will waste on infrastructure wouldn't be more usefully employed elsewhere?
There's your national security threat right there. Paul MF'ing Krugman.
+1 simply for "Paul MF'ing Krugman."
All this says is:
Now that the government cancer has exceeded its host's voluntary support through tariffs, taxes, fees, and fines, it must expand that involuntary support through inflation.
When the government pays itself, its dependents, its suppliers and its contractors with money that it creates and never destroys (i.e. it counterfeits), we all pay for government involuntarily through resulting inflation. And now that they have become addicted to this source of revenue, this parasite is well on its way to destroying its host ... and itself.
WILHELM II. German Kaiser. "A Jew cannot be a true patriot. He is something different, like a bad insect. He must be kept apart, out of a place where he can do mischief - even by pogroms, if necessary. The Jews are responsible for Bolshevism in Russia, and Germany too. I was far too indulgent with them during my reign, and I bitterly regret the favors I showed the prominent Jewish bankers." (CHICAGO TRIBUNE, July 2, 1922)
Fuck off. I wouldn't be remotely surprised to discover you were a hasbara Israeli yourself, attempting to discredit the site with your cartoonish "anti-Semitism".
A Hayekian is shown two fractions: 1/2 then 5/10. He says that the values are identical and can be expressed in a number of different ways.
A Keynesian is shown two other fractions: 1/2 then 4/10. He ignores the denominators and calls it growth.
HENRY FORD in (The Dearborn Independent, 12-19 February 1921 "Jews have always controlled the business . . . The motion picture influence of the United States and Canada . . . is exclusively under the control, moral and financial, of the Jewish manipulators of the public mind.
Q: what's as dumb as a box of rocks?
A: an economist.
Q: what's dumber than a box of rocks?
A: an PhD economist.
Q: what's the dumbest thing on our planet?
A: Nobel-prize winning PhD economist Paul Krugman.
"I know that may sound crazy."
Ah, I see your point!
I never did believe Krug got a Nobel Prize...Maybe it was the Nob Prize and he was confused?
It is not necessary to accomplish the stated goals of a Nobel Prize category, to win.
For example, Obama won the Nobel Peace Prize!
O definitely won the Kob Prize.
edit..."Knob Prize....that must have been a Freudian slip
It is not necessary to accomplish the stated goals of a Nobel Prize category, to win.
For example, Obama won the Nobel Peace Prize!
LUTHER, MARTIN. 16th century German religious reformer. "They are the real liars and bloodhounds, who have not only perverted and falsified the entire Scriptures from beginning to end and without ceasing with their interpretations. And all of the anxious sighing, longing and hoping of their hearts is directed to the time when some day they would like to deal with us heathen as they dealt with the heathen in Persia at the time of Esther . . . On how they love the book of Esther, which so nicely agrees with their bloodthirsty, revengeful and murderous desire and hope.
Fuck off. I wouldn't be remotely surprised to discover you were a hasbara Israeli yourself, attempting to discredit the site with your cartoonish "anti-Semitism".
REV. MARTIN LUTHER, sermon at Eisleben, a few days before his death, February, 1546 "Besides, you also have many Jews living in the country, who do much harm . . . You should know the Jews blaspheme and violate the name of our Savior day for day... for that reason you, Milords and men of authority, should not tolerate but expel them. They are our public enemies and incessantly blaspheme our Lord Jesus Christ, they call our Blessed Virgin Mary a harlot and her Holy Son a bastard and to us they give the epithet of changelings and abortions. Therefore deal with them harshly as they do nothing but excruciatingly blaspheme our Lord Jesus Christ, trying to rob us of our lives, our health, our honor and belongings."
Fuck off. I wouldn't be remotely surprised to discover you were a hasbara Israeli yourself, attempting to discredit the site with your cartoonish "anti-Semitism".
POPE CLEMENT VIII "All the world suffers from the usury of the Jews, their monopolies and deceit. They have brought many unfortunate people into a state of poverty, especially the farmers, working class people and the very poor. Then as now Jews have to be reminded intermittently anew that they were enjoying rights in any country since they left Palestine and the Arabian desert, and subsequently their ethical and moral doctrines as well as their deeds rightly deserve to be exposed to criticism in whatever country they happen to live."
Fuck off. I wouldn't be remotely surprised to discover you were a hasbara Israeli yourself, attempting to discredit the site with your cartoonish "anti-Semitism".
AQUINAS, THOMAS, Saint. 13th century scholastic philosopher. In his "On the Governance of the Jews," he wrote: "The Jews should not be allowed to keep what they have obtained from others by usury; it were best that they were compelled to worked so that they could earn their living instead of doing nothing but becoming avaricious."
Fuck off. I wouldn't be remotely surprised to discover you were a hasbara Israeli yourself, attempting to discredit the site with your cartoonish "anti-Semitism".
This prophecy, by Benjamin Franklin, was made in a "CHIT CHAT AROUND THE TABLE DURING INTERMISSION," at the Philadelphia Constitutional Convention of 1787. This statement was recorded in the dairy of Charles Cotesworth Pinckney, a delegate from South Carolina. "I fully agree with General Washington, that we must protect this young nation from an insidious influence and impenetration. The menace, gentlemen, is the Jews. In whatever country Jews have settled in any great number, they have lowered its moral tone; depreciated its commercial integrity; have segregated themselves and have not been assimilated; have sneered at and tried to undermine the Christian religion upon which that nation is founded, by objecting to its restrictions; have built up a state within the state; and when opposed have tried to strangle that country to death financially, as in the case of Spain and Portugal. For over 1,700 years, the Jews have been bewailing their sad fate in that they have been exiled from their homeland, as they call Palestine. But gentlemen, did the world give it to them in fee simple, they would at once find some reason for not returning. Why? Because they are vampires, and vampires do not live on vampires. They cannot live only among themselves. They must subsist on Christians and other people not of their race. If you do not exclude them from these United States, in their Constitution, in less than 200 years they will have swarmed here in such great numbers that they will dominate and devour the land and change our form of government, for which we Americans have shed our blood, given our lives our substance and jeopardized our liberty. If you do not exclude them, in less than 200 years our descendants will be working in the fields to furnish them substance, while they will be in the counting houses rubbing their hands. I warn you, gentlemen, if you do not exclude Jews for all time, your children will curse you in your graves. Jews, gentlemen, are Asiatics, let them be born where they will nor how many generations they are away from Asia, they will never be otherwise. Their ideas do not conform to an American's, and will not even thou they live among us ten generations. A leopard cannot change its spots. Jews are Asiatics, are a menace to this country if permitted entrance, and should be excluded by this Constitutional Convention.
Fuck off. I wouldn't be remotely surprised to discover you were a hasbara Israeli yourself, attempting to discredit the site with your cartoonish "anti-Semitism".
Krugman is an academic and by definition totally detached from reality. Fuck him in the neck.
With Schroedingers Cat.
A Keynesian, a snake oil salesman and a thief walked into a bar. He had a couple of drinks while he was there.
"... very low interest rates are telling us something about what markets want."
Interest rate market??
The interest rate is being set by the Federal Reserve, not the market!
Is getting to be like a PHD in economics means that you are a moron.
Uugghh, Krugman! I'd like to take a hardbound copy of, oh let's make it "Human Action", and just BASH it against the side of his stupid Jew head!
But "War and Peace" weighs a lot more.
As long as it's the hardbound copy, sure
CAPTAIN MONTGOMERY SCHYLER, American Expeditionary Forces, Siberia, in a military intelligence report dated March 1, 1919, to Lt. Col. Barrows in Vladivostok "It is probably unwise to say this loudly in the United States but the Bolshevik movement is and has been since its beginning guided and controlled by Russian Jews of the greasiest type, who have been in the United States and there absorbed every one of the worst phases of our civilization without having the least understanding of what we really mean by liberty."
MRS. CLARE SHERIDAN, Traveler, Lecturer in NEW YORK WORLD, December 15, 1923 "The Communists are Jews, and Russia is being entirely administered by them. They are in every government office, bureau and newspaper. They are driving out the Russians and are responsible for the anti-Semitic feeling which is increasing."
MAJOR ROBERT H. WILLIAMS, in Fecp and the Minority Machine, page 10 "B'nai B'rith, the secret Jewish fraternity, was organized in 1843, awakening world Jewish aspirations, or Zionism, and its name, meaning "Sons of the Covenant," suggests that the 12 men who organized the fraternity aimed at bringing about the fulfillment of "the Covenant," or the supposed Messianic promise of rulership over all peoples. To rule all peoples, it is first necessary to bring them together in a world federation or world government -- which is the avowed aim of both Communists and Zionists."
ADRIEN ARCAND, Canadian political leader in New York Speech, October 30, 1937 "There is nothing else in Communism -- a Jewish conspiracy to grab the whole world in their clutches; and no intelligent man in the world can find anything else, except the Jews, who rightly call it for themselves a "paradise on earth."
Jews are eager to bring Communism, because they know what it is and what it means. It is because Communism has not been fought for what it really is -- a Jewish scheme invented by Jews -- that it has progressed against all opposition to it. We have fought the smoke-screen presented by Jewish dialecticians and publicists, refusing to fight the inventor, profiteer and string-puller. Because Christians and Gentiles have come to fear the Jews, fear the truth, and they are paralyzed by the paradoxical slogans shouted by the Jews."
REV. KENNETH GOFF, in STILL 'TIS OUR ANCIENT FOE, page 99 "The Frankenstein of Communism is the product of the Jewish mind, and was turned loose upon the world by the son of a Rabbi, Karl Marx, in the hopes of destroying Christian civilization -- as well as others. The testimony given before the Senate of the United States which is take from the many pages of the Overman Report, reveals beyond a shadow of a doubt that Jewish bankers financed the Russian Revolution."
I'll give Krugman this: he never fails to brazenly double down on stupid, while daring everyone to call him out. The guy has brass balls, but it's too bad they're used in the service of the State.
I'm all for debate, I believe in intellectually engaging people I don't agree with. I have been known to be convinced by good argumentation.
But the delusion on this guy...it's just staggering. I don't think he even has a theory. So couple weeks back Greek debt was onerous and unsustainable and now debt is good again? Did he switch from crack to meth? Did he start injecting into his eyeballs? What is up here?
Anyway, what's trump been up to today?
These people get paid to do one thing: Confuse. One moment they will tell you one thing, then the next they do a 180-degree turn and claim the opposite. Making people run like headless chickens not really knowing where to run next.
For someone observing all this from the outside they may be asking themselves for how long are people of this planet willingly going to allow this to go on. Everyone is waiting for someone to take a stand but it seems they all bow their heads in the end.