Marc Faber: "Paul Krugman Should Go And Live In North Korea"

zerohedge ^ | 12/13/2012 - 21:18 | Tyler Durden

[ExxonPatrolUs]

If there is one thing better than Marc Faber providing a free, must-watch (and listen) 50 minute lecture on virtually everything that has transpired in the end days of modern capitalism, starting with who caused it, adjustable rate mortgages, leverage, why did the Fed let Lehman fail, why was AIG bailed out, quantitative easing, Operation Twist, where the interest on the debt is going, which bubbles he is most concerned about, a discussion of gold and silver, and culminating with his views on a world reserve currency, is him saying the following: "The views of the Keynesians like Mr. Krugman is that the fiscal deficits are far too small. One of the problems of the crisis is that it was caused by government intervention with fiscal and monetary measures. Now they tells us we didn't intervene enough. If they really believe that they should go and live in North Korea where you have a communist system. There the government intervenes into every aspect of the economy. And look at the economic performance of North Korea." Priceless.

[GeronL]

If he did though, they would put on their Potemkin Village show for him.

See “Vice Guide to North Korea”

[Captainpaintball]

bflr

[raybbr]

bump for when I have time...

[pepsionice]

I’ve come to notice...anything that the Wall Street Journal says as good business sense....Paul Krugman is generally against.

So I’d like to make a suggestion. Take Paul out to some small town in Iowa for a year, and let him manage a small company of twenty people. At the end of the year....let’s let Paul speak. I think he would be shocked at how much he thought he knew, and how much he had to learn in one year to survive as a business.

[RetAF_fedUP]

bfl

[txrefugee]

The fatal “bubble” for the USA is the Federal Reserve Bubble, which has devalued the American dollar to near-junk status.

When one thinks of what used to be purchased for $500, compared to what it currently buys, the drastic debasing of our currency by our government is criminal. They have stollen the wealth of every producing person in the country in their lust for buying the votes of the non-productive.

[Travis McGee]

Liberal elitists often want to spoon with Communist dictators, from Stalin's Soviet Union to China today.

[TADSLOS]

So I’d like to make a suggestion. Take Paul out to some small town in Iowa for a year, and let him manage a small company of twenty people. At the end of the year....let’s let Paul speak. I think he would be shocked at how much he thought he knew, and how much he had to learn in one year to survive as a business.

Great idea that should be applied to every office holder also. Of course, guys like Krugman would NEVER engage in such an exercise in fear that he would be exposed as the know nothing fraud that he is.