[SeekAndFind]

Krugman says:

The idea, presumably, is that the crisis countries are in trouble because they’re groaning under the burden of high government spending. But the facts say otherwise.

READ HIS REASONS BY CLICKING ON THE ABOVE LINK

[Travis McGee]

And for this, the libtards hand out Nobels.

[Mr Ramsbotham]

It was the Jews.

[Eric in the Ozarks]

Krudman overlooks the obvious.

[Maverick68]

Krugman, you may be the dumbest sob I’ve ever heard in my life.
This is why I reject the notion that if you have a degree you are automatically smarter than those who don’t have one.

[Buckeye McFrog]

Leftists like Krugman typically blame Eurofailure on “unfair tax competition” coming from the US and Asia.

[adorno]

Krugman is as committed to his socialism, as lemmings are to taking their plunge to death. They might know that, in the end, they’re both going to be destroyed, but they can’t admit how wrong they are.

[sickoflibs]

RE :"First things first: The attempt to create a common European currency was one of those ideas that cut across the usual ideological lines. It was cheered on by American right-wingers, who saw it as the next best thing to a revived gold standard, and by Britain’s left, which saw it as a big step toward a social-democratic Europe. But it was opposed by British conservatives, who also saw it as a step toward a social-democratic Europe. And it was questioned by American liberals, who worried — rightly, I’d say (but then I would, wouldn’t I?) — about what would happen if countries couldn’t use monetary and fiscal policy to fight recessions. "

At the NYT link he continues the same line of argument: The problem with Greece, Italy Spain is that they cant print their way out of debt and recessions, because of the Euro.

It's not because they became a ' consumer ' based society not producing anything while consuming. 'Consumption' side economics says that the government employee creates the jobs, by spending money.

[PGalt]

It’s the socialism, stupid. UNaccountable bureaucrats and their bureaucracies.

NO BAILOUTS for Eurocrats or the IMF.

DEFUND socialist collectives, foreign and domestic.

[Rum Tum Tugger]

Would those of you who are simply demeaning Krugman please point out why he is wrong?

[MtBaldy]

Nobel prize or not Krugman is an idiot at best. What I really think he is is an ideologue who is quite willing to pervert his discipline to promote his ideology. Of course he may still be an idiot.

[blueunicorn6]

“Not with a bang, but with bunga bunga.” Man....there’s some deep thinking and writing there. Krugman should be writing.....the ingredients list on a box of hamburger helper.

[Tenacious 1]

I’ve been hearing two claims, both false: that Europe’s woes reflect the failure of welfare states in general, and that Europe’s crisis makes the case for immediate fiscal austerity in the United States.

The other thing you need to know is that in the face of the current crisis, austerity has been a failure everywhere it has been tried: no country with significant debts has managed to slash its way back into the good graces of the financial markets.

This chap is mucking foron. He seems to think that debt problems have nothing to do with spending. And, he says that cutting back on spending will never help a deficit problem (ie a spending problem).

Another utopian fantasy lander. He is of the "print more money" crowd.

[Savage Beast]

Yeah, Paul, and Jocasta and Oedipus were not mother and son.

"Europe’s crisis proves that the welfare state doesn’t work"

That's exactly what it proves. Furthermore, this was not only predictable; it was predicted. It will happen every time it's tried.

[pepperdog]

Since Obama got a Nobel I've decided to regard a Nobel for anything other than a technical accomplishment as akin to a felony conviction.

[GOPJ]

Bias and the Internet didn’t hurt newspapers either...

[Lancey Howard]

Krugman is a laughingstock. I’m surprised he didn’t point to the Cuban success story.

[kevkrom]

The attempt to create a common European currency was one of those ideas that cut across the usual ideological lines. It was cheered on by American right-wingers, who saw it as the next best thing to a revived gold standard

Really? I always that the Euro (and the EU) was a dangerously bad idea that gave way too much power to France and Germany. What "right wingers" actually thought the Euro was a good idea?

[domeika]

When liberals like Krugman floss, I’d bet the bits dislodged are a mix of kobe beef and their own colon polyps.