Posted on 06/27/2022 7:50:57 AM PDT by JV3MRC
Saw diesel a penny shy of seven bucks a gallon here on LI today. Inflations gonna get a hell of a lot worse.
Just the latest of his hundreds of failed predictions.
“So we have no idea if Keynesian economics works or not because its never been attempted.”
Uh huh. Sure. “You didn’t do it right!” hmm...where have I heard that before? Oh yeah, everywhere on the left.
“This time, socialism will work!”
Give it up. Keynesian economics (Krugman) is always in conflict with the Austrian School (Milton Friedman). But only one of them ever actually works. Not “in theory,” but in reality.
Point to one example, just one, of Keynesian economics working, without making things worse.
Someone needs to ask Krugman what the “dollar multiplier” (Keynesian theory) was when he implemented his grand experiment under Obama. He said it would be much more than $1.
No doubt after the dust settled, it was probably around 85 cents. That is, for every dollar the fed deficit spent, it reduced gdp by 85 cents.
Keynesianism. *spit*
The Nobel Committee should revoke his Nobel Prize for Economics. Every prediction he makes has been wrong
Paul Krugman predicted 25 of the last 5 recessions.
And he STILL missed this one.
This moron must wear giant clown shoes or something.
He is constantly and continually wrong on everything.
gambling at Rick’s? Krugman wrong AGAIN? I’m shocked, SHOCKED!
Rib eyes are $14.99 a lb. here on The Jersey Shore.
FJB.
Paul Krugman and Karl Rove: bookends for the section of books that were wrong about everything they predicted ...
Wasn’t Krugman right about something once maybe thirty years ago? Whatever it was probably was not related to Economics.
I hate to say it over Krugman, but a Texas Tech ‘junior’ studying basic finance...has more money-sense than Krugman. He should just retire to Miami and hang out on the beach.
When was Krugman correct about anything? Only morons and people who lack critical thinking skills listens to him.
It is a wonder that he is quoted and cited as an expert. His rong prognostications are usually obvious quickly or on the face of them.
i’m a little surprised krugman fessed up instead of trying to brazen it out: “What inflation?”
Krugman is and always has been an idiot.
New York Times (economics) COMPLETE PARTISAN ALWAYS WRONG KEYNESIAN columnist Paul Krugman made another damning admission this past week about his sordid record analyzing economics as inflation continues to bite chunks out of Americans’ wallets
THERE, FIXED IT.
Because guys like Krugman supply the “Expert-Says” part of their “Let’s-Pretend” worldview.
Let’s Pretend inflation is unforeseeable, mysterious and random
Let’s Pretend homosexuality is fine
Let’s Pretend energy grows on trees
Let’s Pretend a society does not need fathers
Let’s Pretend humans can transition from one sex to another
Let’s Pretend all cultures are equally noble and successful
Etc....
Krugman tells liberals what they want to hear. So did Lord Keynes. They’re both still very popular even though they’re always wrong.
Socialism has been tried dozens and dozens of times as has communism so its not even remotely a similar argument.
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.