Why, those Bozos have predicted 25 of the last 10 recessions!
Taxes have been slashed, regulation has been cut and energy is plentiful and cheap.
These people are not “woke”, they are “wrong”. There is a difference.
Paul Krugman. Paul Krugman?
Did he play in the “Odd Couple”?
If Krugman wasn’t so humble, he’d do better in life..
That’s nothing. I remember Sam Donaldson trying to push the recession line the whole eight years of Reagan’s presidency.
The fact is there will always be a recession - sooner or later.
It is the natural nature of the business cycle that if it is running at its best and not with governments trying to stage manage non-cyclical business markets - which is like having permanent slow growth as with the Soviets - that sooner or later the exuberance of the markets will be grasping at values that will exceed actual growth possibilities, and only a retraction will bring markets down to values more sustainable over the long run.
The problem with the Krugman’s of the world is their “economic” projections have always been 90% or more political and 10% or less economic.
The problem the sheeple have with the Krugman’s of the world is that the Krugman’s of the world have the media behind them, and after being repeatedly wrong year after year, the media will vindicate them when the naturally occurring business cycle catches up with Krugman’s erroneous prognostications of many years earlier.
When was the last time Krugman was right?
For Paul Krugman economic jargon is just one more hateful weapon to use against Trump...
“Trump and his team of advisers have done an admirable job of sustaining solid growth and prosperity. There is no reason this cannot continue for another five years. Apart from partisans like Krugman, economists do their best to predict recessions. Inevitably, some economists know what they are talking about and some do not. Winston Churchill supposedly once said, ‘If you put two economists in a room, you get two opinions, unless one of them is Lord Keynes, in which case you get three opinions.’”