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Krugman is a shill for the globalist view that more debt is good. He had to remove his blog comments because his economic policy was getting skewered.
He is a horrible economist.
I believe this is true. The globalists (such as George Soros et al) actually want an economic collapse since they can then proceed to force us all into a single world currency.
Their playbook follows this pattern:
1. Problem (Create a problem, hype a problem, or allow one to fester)
2. Reaction (The public screams "something must be done" when the crisis occurs.
3. Solution (Always involves centralizing power and control. The "solution" is always what they wanted to do all along, but can't implement unless there is a crisis).
For the European crisis, it looks like this:
1. Problem: Admit fiscally profligate countries like Greece to the Euro. This should never have been allowed to happen in the first place.
2. Reaction: The crisis is now here for all to see in a number of European countries. And of course, it also has worldwide implications.
3. Solution: Now they are talking about "harmonizing fiscal policy" in the different Euro countries, so that individual countries don't have a say over their own budgets. This is what the globalists have wanted all along.
Of course, what the globalists really want is a worldwide economic collapse, so they can implement their single world currency and world dictatorship.
It's always the same. It's always about power and control and using fear as a tool to get people to comply.
He actually makes a lot of sense. He says all you have to do is look at the struggling nations in Europe right now that have decided to try to "cut" their way out of this economic crisis- all it has done is sink them deeper into trouble because there is even less investment going on to spark any kind of a come-back. What he's saying is that investment is what spurs growth.
the struggling euro nations are struggling because of their overspending. if they could get their finances in order and produce a budget that doesnt increase debt, confidence will return to the marketplace and spending will increase. one of the major things hurting the economy is the lack of confidence. a sound budget would be a huge positive.
Isn't Krugmanomics basically what's been tried in Greece for the last many years? High taxes , lots of social spending, very generous pensions and massive deficits?
I could be misreading him, but he is hard for me to listen to because he's extremely partisan and has a rather unpleasant personality. If he would have handled the Greece meltdown differently, I haven't heard his strategy for it.
I don't think anyone who doesn't understand supply/demand relationships and opportunity cost should be allowed to call themselves an economist. Krugman, if you're out there reading this, go do some reading on the broken window fallacy.
I believe this is true. The globalists (such as George Soros et al) actually want an economic collapse since they can then proceed to force us all into a single world currency.
Obviously you've never bothered to read these people. Krugman, in no sense, would support a "single world currency", indeed he wasn't even supportive of the Euro.... Soros thinks that the current currency is prone to bubbles/busts, but doesn't suggest a "single world currency" as a solution.
Soros thinks that the current currency is prone to bubbles/busts, but doesn't suggest a "single world currency" as a solution.
LOL, I already know your rebuttal....Take of my tin foil hat, the source is not corporate w h o r e media, etc, so I will save you the time. To suggest someone who helped the Nazi's kill his own people is not capable of this, well, ignore it at your own peril.
the struggling euro nations are struggling because of their overspending. if they could get their finances in order and produce a budget that doesnt increase debt, confidence will return to the marketplace and spending will increase. one of the major things hurting the economy is the lack of confidence. a sound budget would be a huge positive.
Ireland has made huge cutbacks but hasn't been rewarded by 'confidence'. The market spread for their debt is still huge compared to what it was before the crisis.
They've made the cuts & haven't been 'rewarded' by the market. At what point does this 'confidence' show up?
Ireland has made huge cutbacks but hasn't been rewarded by 'confidence'. The market spread for their debt is still huge compared to what it was before the crisis.
They've made the cuts & haven't been 'rewarded' by the market. At what point does this 'confidence' show up?
haha i like that word "rewarded" by the market. as if a short term move to cut spending is supposed to immediately fix all the many years of bad behavior. how obnoxious the attitude of some people who think that they should be "rewarded" for demonstrating a minimal amount of financial discipline.
also, the euro nations are linked (and we are also) and one country doing better will still be dragged down by the others. the piigs are going to fall like dominoes and even germany will get brought down by them.
This guys has been around along time. He was on Cspan this morning preaching more spending and borrowing to get us out of a recession.
He claims it worked in WW11 and beyond but those were different times.
Hid ideology seems pretty far left..I dont believe more debt will get us to a better company despite having low inflation./ interest rates.
Here is a very intelligent piece written by Sheila Bair re Krugman and progressives. She disagrees with him on most points, but does have one significant point where she agrees. I wish the politicians in Washington were like Sheila Bair.
haha i like that word "rewarded" by the market. as if a short term move to cut spending is supposed to immediately fix all the many years of bad behavior. how obnoxious the attitude of some people who think that they should be "rewarded" for demonstrating a minimal amount of financial discipline.
also, the euro nations are linked (and we are also) and one country doing better will still be dragged down by the others. the piigs are going to fall like dominoes and even germany will get brought down by them.
???
Japan has a ratio of public debt nearly twice what Ireland does. The premium is based on a premium to prime european (think german) debt. Where do you get your... 'information' ?
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