Posted on 12/17/2023 5:08:25 AM PST by MtnClimber
Do you feel better now?
In addition to being an insufferable leftist, Paul Krugman is a world-renowned economist. He even has a Nobel Prize to prove it.
I’m just a retired engineer who refuses to keep my opinions to myself. I shouldn’t be able to ridicule him on economic matters, but he just makes it so danged easy. It’s seems clear that our Nobel laureate is either economically illiterate or just plain dishonest. I doubt he’s economically illiterate, but I’ll let you decide.
Krugman recently ran an article entitled “The Progressive Case for Bidenomics.” Apparently, he didn’t get the memo. The left isn’t attaching old Joe’s name to the economy anymore. They seem to think it may be unhelpful next year. I however, continue to use “Bidenomics” with reckless abandon, as I think it will be extremely helpful.
I knew Krugman’s piece was going to be a doozy, right from the first paragraph.
There are two big questions right now about the U.S. economy. One is why it’s doing so well. The other is why so many Americans insist that it’s terrible.
That must be why Joe’s sycophants are backing away from the whole “Bidenomics” thing, because the economy is doing so darned well. Maybe Joe doesn’t like to brag. We need only ignore little things like mortgage payments doubling in the last three years, and loan defaults reaching a ten-year high, to see the genius behind Bidenomics.
Krugman gets to the meat of his case by noting that conservatives are slaves to their emotions, while progressives (i.e., commies) are receptive to reasoned arguments. Try to hold your laughter for a moment. You really need to read his next statement about progressives...
(Excerpt) Read more at americanthinker.com ...
Krugman just knows who signs his pay check.
I haven’t read it yet, but reading the headline, my first thought is, “this is gonna be good.” We’ll see.
I remember him. He’s the asshat who was dead flat wrong about every prediction he made about Trump’s economics.
Paul Krugman...an economist who tells everyone that what they see in real life economics is not what they see.
.
He was once an economist, with Keynesian economic models variations. That was then. Then he embraced the Keynesian economic model, went full on democrat, and made money as a Democratic Party favorite and shill.
He isn’t an economist now, he has no predictive value. Better to watch what the Warren Buffetts are doing and not listen to the shills.
Krugman has been so very wrong about so many things it is amazing to me that he has any credibility left.
GM recently announced cutting 1400 union jobs.
“Give your money to me.”
Paul can look around in his circle and see things are fine. Inflation is no issue for the wealthy, their asset values just soar higher.
Paul has no concept of the working class.....who is getting crushed on every front. Their wages are rising, yet they are falling behind and they know it.
Of course the really poor, we will just keep handing them stuff, keeping them comfortable......like economic hospice.
Maybe he can explain how you buy a new $70,000 car and make $1k a month payments...of a $45,000 a year salary, while working on a $300,000 mortgage situation...paying $1,750 a month for the house, then covering home/car insurance at a $2,400 a year.
This is not a conservative perspective. Nor is it biblical.
It is a Leftist model, of the Krugman sort. One reads:
"A perpetual bond is a bond with no maturity date that theoretically pays interest forever." So you think US citizens should be in perpetual debt and only "service" the debt? Others call that involuntary servitude. Perpetual bond - WikipediaAs to "ample abilities" to "service" debt, most Americans haven't ample abilities of which you write.An Overview of Perpetual Bonds - Investopedia
US median per capita $65KThe Krugmans of this world and their fans are wholly uninterested in the fiscal healthy of most Americans, but happy to see them in "service" to debt. This is feudal, in a way. Binding a people to the "land" which is "debt." In perpetuity. Indentured servitude through corrupt, Leftist politics.
Less than $50k -- 60.96% of population.
Circa $50k-$100k -- 24.61% of population.
More than $100k -- 14.43% of population.Source: https://en.wikipedia.org/wiki/Personal_income_in_the_United_States
I seriously doubt that Krugman has ever been inside a grocery store.
Lefturd loons are called loons because they are the ones who are emotionalists, subjectivists, relativists, whim-worshipers, evaders of reality, and are incompatible with life proper to a rational being. They are just projecting when they accuse conservatives of that.
1. his wife wrote it
2. his Nobel was for bashing George W. Bush
inflation
increased national debt
tax increases
interest rate increases
increased regulations
negative impact on small businesses compared to large businesses
short term rather than long term
Krugman probably steps over sleeping homeless people when he walks towards the building with his office—and it is so “normal” he does not even notice them.
Krugman is a leading advocate of expansionary monetary policy to boost inflation and aggressive fiscal policy to boost aggregate demand. In 2016, he said: “Everything about recent experience suggests that the world desperately needs fiscal expansion to boost demand and—that our sole reliance on central banks isn’t working.”
For example, on his blog in 2015, Krugman pointed to a positive correlation between government expenditure and economic growth from 2010 to 2013.
He’s the twerp who rides the NYC subways at night, wearing only a trenchcoat, playing Sudoku Puzzles.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.