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Krugman just laid out his thinking for all to see:
"If we discovered that 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. And then if we discovered, oops, we made a mistake, there aren't any aliens, we'd be better –"
Now we know, the economics of Keynes has devolved into an excuse to waste money. No wonder the tragic waste of bogus stimulus with its mountain of debt happened: the lefties think they are doing some good.
Just how twisted do you have to be to think that we improve our position by buying roadworthy cars in order to crush them? Or blow a trillion dollars on non-existent space aliens?
Thank you, Paul Krugman. You have made the issue perfectly clear.
Blabbermouth talk radio jocks who flunked out of school know more about economics than a Nobel laureate who's a professor at an Ivy League college, in your world.
Blabbermouth talk radio jocks who flunked out of school know more about economics than a Nobel laureate who's a professor at an Ivy League college, in your world.
The use of a hypothetical if absurd scenario is a normal tool used to teach.
Unfortunately, talk radio knuckle dragging dupes are incapable of realizing someone is trying to teach them something and instead use the hypothetical to discredit the source, who happens to be 100 times more informed than the svengali's they worship from Noon to 7 everyday.
Between Krugman and Buffett I'm surprised that every subscriber to the Limbaugh letter hasn't had a stroke by now.
Blabbermouth talk radio jocks who flunked out of school know more about economics than a Nobel laureate who's a professor at an Ivy League college, in your world.
So the man's credentials are a valid reason to accept without thought the idea that borrowing money in order to waste it is a good idea?
And when the idea fails in the real world, you accept the notion that we didn't waste nearly enough money?
I owe thanks to you, Wade, as well as Krugman. You have made it clear that the pro-wasting-money lobby has ardent followers.
If the money was used to repair, replace and generally improve out water works, ports, roads, bridges and all the rest of our deteriorating infrastructure, and not wasted providing the control of all the world's oil to western petroleum companies, we would be in far better shape even if the Space Aliens (Chinese) did invade.
The use of a hypothetical if absurd scenario is a normal tool used to teach.
Unfortunately, talk radio knuckle dragging dupes are incapable of realizing someone is trying to teach them something and instead use the hypothetical to discredit the source, who happens to be 100 times more informed than the svengali's they worship from Noon to 7 everyday.
Between Krugman and Buffett I'm surprised that every subscriber to the Limbaugh letter hasn't had a stroke by now.
Krugman's use of a hypothetical if absurd scenario DID teach. It shows us that he believes we can enrich ourselves by wasting money. The problem is that many of us do not join him in this belief.
I worship no svengalis, and listen to talk radio very infrequently. But I do spend time thinking...you should try it.
If the money was used to repair, replace and generally improve out water works, ports, roads, bridges and all the rest of our deteriorating infrastructure, and not wasted providing the control of all the world's oil to western petroleum companies, we would be in far better shape even if the Space Aliens (Chinese) did invade.
What? are you suggesting that money spent by the government to improve wateworks, ports, roads, bridges and infrastructure has the ability to create jobs?
The conservatives around here won't go for that kind of reality-based crazy talk.
Krugman's use of a hypothetical if absurd scenario DID teach. It shows us that he believes we can enrich ourselves by wasting money. The problem is that many of us do not join him in this belief.
.
Are you a Ronald Reagan fan?
What do you think of how he poured money into weapons that were for the most part never used?
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