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Debt Is Good
NYT ^ | 8-21-15 | Paul Krugman

Posted on 08/21/2015 2:08:03 PM PDT by dynachrome

Edited on 08/22/2015 2:18:47 AM PDT by Admin Moderator. [history]

Rand Paul said something funny the other day. No, really — although of course it wasn’t intentional. On his Twitter account he decried the irresponsibility of American fiscal policy, declaring, “The last time the United States was debt free was 1835.”

Wags quickly noted that the U.S. economy has, on the whole, done pretty well these past 180 years, suggesting that having the government owe the private sector money might not be all that bad a thing. The British government, by the way, has been in debt for more than three centuries, an era spanning the Industrial Revolution, victory over Napoleon, and more.


TOPICS: Business/Economy; Editorial; Government; News/Current Events
KEYWORDS: buymorenow; debtisgood; krugman
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Bizarro world of lib-tards
1 posted on 08/21/2015 2:08:04 PM PDT by dynachrome
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To: dynachrome
Debt is servitude, so yes, in Krugman's world, it's a good thing.


3 posted on 08/21/2015 2:10:45 PM PDT by IncPen (Not one single patriot in Washington, DC.)
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To: dynachrome

Alexander Hamilton agreed.


4 posted on 08/21/2015 2:11:45 PM PDT by Talisker (One who commands, must obey.)
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To: dynachrome

He likes inflation, too.


5 posted on 08/21/2015 2:12:47 PM PDT by MUDDOG
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To: dynachrome

Uh, right. So I should quit my job, get a couple credit cards with $25,000 limits and live off them, right?


6 posted on 08/21/2015 2:12:57 PM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: MUDDOG

“inflation”

Japan has tried to raise inflation for years. We are trying to do the same. The fools think they can control it, if they succeed


7 posted on 08/21/2015 2:15:31 PM PDT by dynachrome (We have multiplied our possessions, but reduced our values.)
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To: Talisker

So did Dick Cheney.


8 posted on 08/21/2015 2:15:43 PM PDT by Wolfie
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To: dynachrome

I didn’t need to read this on a Friday...Lord protect my kids from their government/econ high school teachers.


9 posted on 08/21/2015 2:16:02 PM PDT by CincyRichieRich (Trump/Cruz2016 or SUBUD/Amerika2016?)
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To: dynachrome

To my ever lasting shame we went to the same high school. How could one school turn out both this moron AND me???

: )


10 posted on 08/21/2015 2:16:07 PM PDT by LRoggy (Peter's Son's Business)
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To: dynachrome
Paul Krugman

Is an Idiot. If his opinions were alive, we should kill them with fire, just to be sure they are dead.

11 posted on 08/21/2015 2:20:00 PM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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To: DiogenesLamp

Careful with that criticism, after all Krugman is a Nobel Laureate (just like Obama and Arafat)!


12 posted on 08/21/2015 2:24:28 PM PDT by donaldo
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To: dynachrome

Only thing is, governments don’t go into debt, countries go into debt. Countries are people who pay taxes to service the debt that their government gets into. A governments is a subset of the people of a country, charged with making decisions on behalf of the population at large. Regardless of how the leaders are chosen, it is the people that are in debt. And that means all of the people, including those that have yet to be allowed to be born.


13 posted on 08/21/2015 2:27:40 PM PDT by webheart (We are all pretty much living in a fiction.)
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To: Opinionated Blowhard

Quit your job, but don’t cancel any subscription to The New York Times!


14 posted on 08/21/2015 2:29:02 PM PDT by Mark (Obama Care is now DEMOCRAT CARE)
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To: dynachrome

boiled rope is even better


15 posted on 08/21/2015 2:42:05 PM PDT by Nep Nep
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To: dynachrome
That is, there’s a reasonable argument to be made that part of what ails the world economy right now is that governments aren’t deep enough in debt.

Well, if you want to reduce our taxes by 80%, I guess that would be okay.

16 posted on 08/21/2015 2:48:23 PM PDT by Toddsterpatriot ("Telling the government to lower trade barriers to zero...is government interference" central_va)
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To: dynachrome

They can’t of course. And the way things are going, the day will come when inflation is going to rise wildly out of control.


17 posted on 08/21/2015 2:52:14 PM PDT by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: dynachrome

Debt can be good in some instances. Building infrastructure that will be used long after it is paid for is a good reason to go into debt. Going to war to prevent the end of your civilization is a necessary reason to go into debt.

Going into debt to pay for social programs should never be done. This should always be paid for out of the existing tax base and adjusted according to affordability.


18 posted on 08/21/2015 2:54:01 PM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: dynachrome

Krugman always has been a few shares short of a round lot.


19 posted on 08/21/2015 2:55:50 PM PDT by skeeter
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To: dynachrome
INSANITY!!! After 19 Trillion dollars spent frivolously, he draws the conclusion that we have not wasted enough? So it would be MUCH better at 40 Trillion in debt? Utopia at 80 Trillion? Heaven on Earth at 160 Trillion?

Until we hold these people accountable, the will not stop this lunacy...
20 posted on 08/21/2015 3:02:42 PM PDT by Jan_Sobieski (Sanctification)
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