Invincible Ignorance (Krugman can't understand how Big Gubmint is at fault for ANYTHING)

NY Times ^ | 12/15/10 | PAUL KRUGMAN

[Libloather]

Invincible Ignorance
By PAUL KRUGMAN
December 15, 2010, 9:24 am

So Republican members of the Financial Crisis Inquiry Commission are going to issue their own report, placing primary blame on the government — because it’s always the government’s fault.

And according to reporting at the Huffington Post,

all four Republicans voted in favor of banning the phrases “Wall Street” and “shadow banking” and the words “interconnection” and “deregulation” from the panel’s final report, according to a person familiar with the matter and confirmed by Brooksley E. Born, one of the six commissioners who voted against the proposal.

Yep. It was all Fannie and Freddie, which somehow managed to cause housing bubbles in Ireland, Iceland, Latvia, and Spain as well as the United States; and the repo market had nothing to do with it.

And bear in mind that this wasn’t one Republican; it was all of them.

I really do wonder how this country can remain governable, when one party insists on creating its own reality. Next thing you know they’re going to reject the theory of evolution. Oh, wait …

[Libloather]

Very childish response from a leftist icon.

[Poison Pill]

Former ENRON financial adviser Paul Krugman said today...

[Buckeye McFrog]

his continuing meltdown is the most entertaining result of Nov. 2.....

[hosepipe]

Krugman is as dumb as he wants to be..

[februus]

Reading the Kruggie’s upchuckery is the non-auditory equivalent to listening to Obama give a speech. It is all about endurance, but why bother?

[Irenic]

Heard about this on Mike Church this morning:

“My Debate Challenge to Paul Krugman”
http://www.youtube.com/watch?v=6cFXRFlvE3s

more info:
http://mises.org/daily/4807
http://www.thepoint.com/campaigns/campaign-0-1240

Robert Patrick Murphy has started a pledge drive— if Krugman will debate Murphy, all money pledged will go to a food pantry in New York.

57, 727 has been pledged so far, now wouldn’t Krugman be evil if he didn’t debate depriving the poor, hungry people of that food?

[KC_Conspirator]

This guy is so effing stoopid.

[loveliberty2]

Krugman's ideas are anti-liberty for individuals and pro-tyranny by the few who become part of a political power elite.

Such ideas produce loss of freedom and economic scarcity wherever they have been predominant.

America's Founders' ideas, on the other hand, produced liberty for individuals and plenty for over 200 years.

We should remember that just prior to 1776's Declaration of Independence in America, the great moral philosopher, Adam Smith, wrote his "An Enquiry into the Nature and Causes of the Wealth of Nations." Its conclusions were compatible with and helped to form the basis of the economic philosophy of liberty at the time of the framing of the American Constitution.

Perhaps it is time to stop the Far Left's constant vote-getting mechanism of class warfare and shift the focus to the moral philosopher's focus on wealth creation. After all, it is that focus which allowed a free people to become the breadbasket of the world in a just a few short years.

Krugman's ideas are as old as civilization, and wherever they become entrenched, they tend to "equalize misery."

[eyeamok]

You forgot about him being special Fiscal Policy advisor to Robert Mugabe in Zimbabwe

[misterrob]

It was partly the government’s fault but when you have institutions engaging in mass fraud then there’s no way to get around it.