Paul Krugman : The Real Story (The stimulus works, we need another round)

New York Slimes ^ | 09/03/2010 | Paul Krugman, Nobel Laureate /s

[SeekAndFind]

If they increased government spending by a gazzillion, then you’d increase GDP by a gazzillion.

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RE: Let’s see, according to Krugman... they spent $1.5 Trillion and the GDP grew to 1.6% (latest figures).

Therefore, to reach an emerging-market like 10% GDP, we need to spend $15 Trillion !!

Brilliant, just brilliant.

[silverleaf]

[demsux]

Krugman = JournOlist

[going hot]

Zactly

[silverleaf]

LOL!

The economy ain’t dead guv’ner, it’s just pining for the fjords...

[M Kehoe]

Hey Paul, economic growth comes from productivity. You know, invent something, produce it, and sell it. Government spending doesn't create productivity, it creates debt. Didn't you learn that in economics 102?

The government spending more money is like pushing on a piece of string, and with interest rates near zero, the Fed is slap out of bullets.

Oh, and Paul, if the 0bama administration lets the Bush tax rates (credits, etc.) expire, you will see how well your Keynesian economics have worked.

Krugman is a Keynesian kook.

5.56mm

[Virginia Ridgerunner]

This guy is just as clueless as Romer...

Romer: We had no clue … and still don’t (On Economy)

[tbpiper]

They (Krugman and his ilk) have a sever case of ‘group think’.

[Paladin2]

"I'm gonna prove Keynesianism Kenyanesianism works"