Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Take the leader of Hong Kong, Paul Krugman writes in his column Friday, who accidentally blurted out the truth when he expressed his opposition to the pro-democracy demonstrators' demand for open voting. “You would be talking to half of the people in Hong Kong who earn less than $1,800 a month. Then you would end up with that kind of politics and policies,” he said.
Oh no, not those kinds of policies—the ones that help people with lower incomes!
That is exactly what the GOP 's policy is here in the USA. Convince the rubes and tools that trickle down is the way to go because after almost half a century of abject failure, the pinheads still buy into it.
“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.”
To fight this recession the Fed needs…soaring household spending to offset moribund business investment. [So] Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.
The same Krugman who claimed the United States would go into a deflationary spiral.
Quote:
“And what these measures show is an ongoing process of disinflation that could, in not too long, turn into outright deflation ... Japan, here we come.”
n
The same Krugman who predicted European economies would perform better than US.
Quote:
... tales of a moribund Europe are greatly exaggerated. ... The fact is that Europe’s economy looks a lot better now — both in absolute terms and compared with our economy.”
It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover? Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.
Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.
That is exactly what the GOP 's policy is here in the USA. Convince the rubes and tools that trickle down is the way to go because after almost half a century of abject failure, the pinheads still buy into it.
speaking of hysterical fears........... how about the left's hysterical fear of Trump???
please define 'failure', last 50 years has been great
I know, I know...........the democrat, we have to pass it to find out what is in it folks, take comfort in their party telling them essentially, 'you are rubes and fools and we will take care of you, so just shut up and take what we give you and be grateful'
That is exactly what the GOP 's policy is here in the USA. Convince the rubes and tools that trickle down is the way to go because after almost half a century of abject failure, the pinheads still buy into it.
The wealth and income gap between whites, blacks, and Hispanics spiked during the Obama years and is lessening under Trump....your whole argument defeated.
That is exactly what the GOP 's policy is here in the USA. Convince the rubes and tools that trickle down is the way to go because after almost half a century of abject failure, the pinheads still buy into it.
The same Krugman who had a call in talk radio show and STOPPED taking callers because he was shown to be WRONG so many times he couldn't take it anymore.THAT krudman?
"the pinheads still buy into it."
"When everyone else LOSES the cool and you keep yours MAYBE YOU haven't grasped the situation" as they say.
That is exactly what the GOP 's policy is here in the USA. Convince the rubes and tools that trickle down is the way to go because after almost half a century of abject failure, the pinheads still buy into it.
Quote:
Originally Posted by Oldhag1
Validity of faith in Krugman’s assessment ability dismantled in one post.
"the pinheads still buy into it."
Looks like we KNOW who the REAL PINHEAD is!
That is exactly what the GOP 's policy is here in the USA. Convince the rubes and tools that trickle down is the way to go because after almost half a century of abject failure, the pinheads still buy into it.
Quantitative Easing was one of the largest trickle down programs ever devised.
Krugman did speak in support of QE.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
