Posted on 08/22/2015 11:37:31 AM PDT by SeekAndFind
Look, you need to give Krugman a little room here.
He has a reputation that needs to be preserved and that is not easy work. Once it became established as fact that he has never, ever been right about anything even closely related to economics he simply cannot allow that streak to end.
So I’m giving him a pass on this one.
“What Ails The World Right Now Is That Governments Aren’t Deep Enough In Debt”
Past Nobel Prize Winners Hall of Fame
Yasser Arafat, 1994
Barack Obama, 2009
AlGore, Climate Scientist, 2007
Paul “Governments Aren’t Deep Enough In Debt” Krugman
Don’t let it go to your head, Paul.
Who are you going to trust, Ben or this yo-yo? I think I'll go with Ben.
These people are their own parody!
What he says if boiled down is that when interest rates are at an all time low, borrowing money for needed and useful infrastructure investment is a good idea. Correct, but only if (1) the investments have long term value and useful lives that exceed the term of the bonds, and that you can actually afford the investments on top of all other government expenditures.
What he did not say and should have also was that borrowing money for things that aren't long term useful capital projects, like funding public employee pension funds, or social welfare programs is exceptionally stupid.
However, the NYT article and many liberals don't want to pay close attention to the “details” they just want to focus on Debt is Good lets borrow and spend like drunken sailors.
One of the hardest habits to kick bar none. Your sister needs to honestly think about getting out while the getting is good. She’s entitled to a decent less stressful life.
Threats don’t work. He has to want to get and stay sober. That’s up to him.
Believe me, I’ve been there with an alcoholic girlfriend.
Totally convoluted and extremely non-critical thinking.
There are dozens of reasons why solvency is good and debt is bad. Interdependency of debt balances SHOULD balance out, but why is one country left with “unsustainable” levels, yet virtually nobody has a POSITIVE balance?
Mortgaging our future and that of generations to come is no legacy.
All the fed has to do is sell those treasuries and the rates go up. They don’t have to raise interest rates they charge. Just sell all their 10s and 30s.
Problem is the bond market and the housing markets crash when the rates go up.
Paul Krugman is a loon.
This guy had his brains du joked out at Planned Parenthood.
Hard to do. Prayers.
Hard to do. Prayers.
Hard to do. Prayers.
There is another thing left out. That government debt is rarely paid off. So when rates rise, debt rises. So there should be no correlation between low rates and the governments borrowing. Unless the government plans to hold rates down forever, borrowing (all spending) should be a factor of public value, not current interest rates.
Those who are part of the Federal Reserve do not make money if WE BORROW LESS MONEY.
It makes sense that THEY would want us to borrow more.
Greece should be doing TERRIFIC!
Krugman is the dumbest person alive..
Kind of painted themselves into a corner, haven’t they?
Krugman is the head Wet Bar Server at the Alcoholics Anonymous meeting.
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