Why anyone listens to guys like Krugman is a never-ending mystery to me. Is he ever right about anything? I mean, who couldn’t see inflation coming ten miles away?
Monkeys at keyboards do better than “economic experts” like Crud man.
Because he's reliably 180o out of phase with reality so, in a sense, he's always right... sort of...
I like his excuse. It wasn’t just him, but idiots just like him also.
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*
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.
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.