I was just scolded last week by a young PhD economist in our gov’t security meeting, the following Paul Krugman brainwash toxin:
“We are in a new economic paradigm where national debt, money suppy, the velocity of money, and zero / negative interests no longer matter because our economy is based on innovative productivity.”
I hope someone rubs his manchild nose hard in the pavement when we All Fall Down...
“We are in a new economic paradigm where national debt, money suppy, the velocity of money, and zero / negative interests no longer matter because our economy is based on innovative productivity.”
In 1999, I’ll bet he was championing “end of the business cycle as we know it” nonsense and dismissed all reports of the .com implosion that started in 2000 as right wing rhetoric that destroyed the “Clinton/Rubin” economy.
“I hope someone rubs his manchild nose hard in the pavement when we All Fall Down...”
Good luck Wi Dat.......
Lol to the power of infinity.
The last time idiots like him were spewingbnew paradigms it was about housing. “There is no bubble. Housing never goes down. It is different this time.”
We all know how that ended.
It is never different this time. The soaring debt will end very badly for everybody but the rich, presuming they have gold, real estate, staple businesses, and such. One day the speculatorps are going to be jumping out of windows.
our economy is based on innovative productivity.”