Krugman: We actually need to run up federal debt right now

[Björn]

lol... Anyone else see Krugman's opinion column on Thursday in the NY Times titled Till Debt does its part? If you want a huge laugh:

http://www.nytimes.com/2009/08/28/opinion/28krugman.html?_r=3&ref=opinion

 

[sevin]

lol. What a jackass.

 

[Objectivist]

You read anything he says why?

 

[hugolp]

Second depreseant package on the way (stimulus they call it).

 

[Thesemindz]

Krugman's an evil son of a bitch who benefits directly from the enslavement of others. He's happy to climb over the bodies of his victims for the opportunity to lick the master's boot.

-Rob

 

[hugolp]

krugman's an evil son of a bitch who benefits directly from the enslavement of others. He's happy to climb over the bodies of his victims for the opportunity to lick the master's boot.

-rob

+1000

 

[HOLLYWOOD]

Run up debt, huh?

Well Krugman, I'm sure he will plug some more with Marxist Communists comrades on ABC's THIS WEEK with George Stephanopuluos... as usual.

Well... if that's the case and it always seems to be the CONSUMER that must continue to spend to stimulate the economy AND the stimulus checks prove THEIR reasoning, right? Then if that's the case, maybe Uncle Sugar and your Collectivist Kruman can just issue Credit Cards to every single American for $5000? What the heck, make it $10K for everyone and we can buy more foreign based vehicles.

This guy is Leftist Shill... at a leftist MSM newspaper... serving the leftist political leaders.

 

[krazy kaju]

Objectivist! You stole my avatar! >:-O

Anyway, the idea that we need government to drain the savings of the public is absurd. Are savings better used on foreign wars and pointless entitlement programs or on increasing the productive capacity of the economy? The answer is obviously the latter, which is why government borrowing in order to provide stability to the economy is an absurd notion. More saving and lending by private individuals is what makes greater economic growth possible.

 

[CitizenPlain]

You're surprised to hear this from him?

...

 

[mczerone]

Even Hamilton and Madison would have a problem with this guy's plans. Using gov't force to entrench the interests of the financial elite with the State is one thing, using the State to enslave future generations to State indebtedness is another entirely.

To alter a quote from Walter:

Say what you will about the tenets of national socailism, dude, at least nihilism doesn't force others to be sacrificed to an arbitrary and capricious will of a majority, an out of control executive, a single court of opinion, or pervasive corporate interests.

 

[Björn]

You read anything he says why?

Sometimes you don't really have a choice - the guy was the author of my international economics textbook in college.

I usually never read his columns but I was doing a search on him and there were some recent blog headlines on google pointing out how ridiculous this particular one is.

 

[jclay2]

Did the thought ever occur to this vile piece of economic stool that maybe some households need to deleverage and get to a more stable economic footing. No matter how much stimulus these guys attempt, there are still a huge portion of people who will continue and desperately need to cut their own personal spending to stabilize their finances. The fact that he has any sort of respect as an economist is deeply troubling.