Okay is this guy a comedian?
Is he serious about this?
Does he actually live in the real world and see that everyday people are unemployed, costs are rising, the Federal Government is 16 TRILLION dollars in the hole and adding a TRILLION to that every year?
Well some moron pays this idiot to write stupid crap so I guess he has no reason to care about real life...........
The elites never care about real life or average people. In socialism, some people are more equal than others. The Obamas and Krugmans of this world will always find a way to live handsomely at the expense of others.
The only explanation is he takes Keynes seriously on his “we owe it to ourselves” and “in the longrun we’ll all be dead” quips. Which makes him stupid, but nevertheless forthright.
Krugman worships at the altar of John Maynard Keynes. He is a vociferous Keynesian. He wrote the following:
“The boom, not the slump, is the right time for austerity at the Treasury.” So declared John Maynard Keynes in 1937, even as F.D.R. was about to prove him right by trying to balance the budget too soon, sending the United States economy — which had been steadily recovering up to that point — into a severe recession. Slashing government spending in a depressed economy depresses the economy further; austerity should wait until a strong recovery is well under way.
He really believes this crap. And he is really really WRONG. The reason WHY economies have inflation, bubbles and busts and other failings is BECAUSE of government interference. Crony capitalism is the major contributor to a false and unrealistic economies that eventually and ALWAYS fail. And it is the fault of governments in the creation of crony capitalism.
There has been a very old war between the two schools: Hayak on the side of “free market” and Keynes on the side of “macroeconomics”.
As for me; I follow F.A. Hayak and believe that school of thought is the only workable school. Anything else will ALWAYS cause inflation, bubbles and busts.
“Okay is this guy a comedian?
Is he serious about this?”
We have a new salesman in the company. Twenty something with a degree from Nebraska. He loves to show how smart people are based on where they went to school and what degrees they have.
He always points to Krugman and the nobel (no, bull)piece prize.
(yes, I misspelled peace for you spell check nazi’s)
We have pointed out the idiocy of the democRATS to the kid, but he is in full kool-aid drink/guzzle mode. There is no reasoning with idiots.