Paul Krugman and establishment doublethink: it's heating up.

[klhtown]

http://www.huffingtonpost.com/2011/...ng_n_984921.html?ref=fb&src=sp&comm_ref=false

they know we're coming.

 

[klhtown]

saw a liberal student friend post this on facebook. i need a concise argument on why this is horses**t.

 

[afwjam]

we were still in a depression until the war ended.

 

[Travlyr]

Paul Krugman, the Nobel Prize-winning Princeton economist and New York Times columnist, said Tuesday that the United States needs to spend on a scale similar to World War II in order to escape an extended economic slump.

Spending your way to prosperity?

Here is your concise argument: Go get as many credit cards as you can then run them all up to the max and call it prosperity.

Edit: The other 1/2 of the equation is: Somehow you have to pay it back with interest. That can be done as long as the credit card company will extend you more credit. When the credit card company HAS to say NO, then the prosperity is over.

 

[Cabal]

How is this man regarded as anything more than an absolute buffoon? Do people actually listen to this drivel?

 

[CTRattlesnake]

http://www.huffingtonpost.com/2011/...ng_n_984921.html?ref=fb&src=sp&comm_ref=false

they know we're coming.

I honesty cant remember a time when I disagreed more with a political article.


I cant decide if he's trying to sink the economy intentionally or is just plain dumb

 

[FreeMind&Market]

Google "Broken Window Fallacy"

It was not the war, but the fact that every other major industrial country was obliterated leaving only the US with the means to supply the rest of the world markets.

 

[VoluntaryAmerican]

I would also argue the case on moral grounds first. Even if what Krugman says is correct (Which it isn't). Would you want to get into a war everytime you're in a depression/recession? Perhaps their is a more consistant/moral way?

Then go into why he is wrong, but I think it's important to talk about the immorality of his ideas first and foremost.

 

[smartguy911]

saw a liberal student friend post this on facebook. i need a concise argument on why this is horses**t.

Post this --

 

[Travlyr]

How is this man regarded as anything more than an absolute buffoon? Do people actually listen to this drivel?

"Paul Krugman, the Nobel Prize-winning Princeton economist and New York Times columnist" All Nobel Prize winning Ivy League graduates have credibility and the trophy to prove it.

 

[tremendoustie]

http://mises.org/daily/5069/World-War-II-Did-Not-End-the-Great-Depression

 

[Carole]

Raising prices to bring down unemplyment????

Decreased purchasing power forces you to spend more of what little you have for luxuries like food.

Because people spend less, other people get laid off because of reduced demand. People on fixed incomes suffer greatly.

Government takes in more tax revenue?? So they can spend more??

Then Krugman finally comes up with the correct answer:

"Last month, Krugman said half-jokingly on a television program that the United States would be well served to prepare for a fabricated alien attack.
"If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months," he said.

That ought to do the trick.

 

[Cabal]

"Paul Krugman, the Nobel Prize-winning Princeton economist and New York Times columnist" All Nobel Prize winning Ivy League graduates have credibility and the trophy to prove it.

Nobel prize is about as prestigious as Time's Man of the Year these days. If this wasn't already apparent before, it should certainly be apparent now after they gave one to Obama.

 

[specsaregood]

Spending your way to prosperity?
Here is your concise argument: Go get as many credit cards as you can then run them all up to the max and call it prosperity.
Edit: The other 1/2 of the equation is: Somehow you have to pay it back with interest. That can be done as long as the credit card company will extend you more credit. When the credit card company HAS to say NO, then the prosperity is over.

Well perhaps the other 1/2 of the equation is defaulting on your debt, not paying it back, telling your creditors to go suck eggs. Which is probably the plan anyways and everybody knows it.

 

[Brian4Liberty]

How is this man regarded as anything more than an absolute buffoon? Do people actually listen to this drivel?

Unfortunately, some people do listen to him, and this false and irresponsible meme that war spending brought us out of the great depression just continues.

At the end of the war, the US had the only industrial base that had not been bombed out of existence. It was the elimination of industrial competition that gave the US an edge. And in the labor pool, the same thing happened. Millions of workers were killed. After the war, working women left the workforce. The result was a labor shortage, which makes each individual more valuable, and produced more individual wealth among the population, which then contributed to more growth in the economy.

 

[Travlyr]

Well perhaps the other 1/2 of the equation is defaulting on your debt, not paying it back, telling your creditors to go suck eggs. Which is probably the plan anyways and everybody knows it.

It is probably the plan anyway. And the banker is going to claim ownership of the all goods bought ... mine, mine, mine, the house, the car, the boat, the motorhome, motorcycle, savings, the jewelry, and you can keep the kids... good luck at the shelter.

 

[Feeding the Abscess]

Saying a hurricane would repair the economy: preposterous

Praising the deadliest and bloodiest war in the history of the world: Krugman's actual position

How the FUCK does anybody take this idiot seriously.

 

[LawnWake]

Saying a hurricane would repair the economy: preposterous

Praising the deadliest and bloodiest war in the history of the world: Krugman's actual position

How the FUCK does anybody take this idiot seriously.

Totally off topic; is your screenname a reference to the band Martyr? Coo'

 

[D.A.S.]

Oh man... This article is EPIC FAIL.

 

[Feeding the Abscess]

Totally off topic; is your screenname a reference to the band Martyr? Coo'

Yessir.