Posted on 08/22/2015 11:37:31 AM PDT by SeekAndFind
Obviously they did not borrow enough.
The solution is always borrow and spend more. If that doesn't work, then borrow and spend some more. Repeat as necessary.
Not really a smart man at all. Cut from the same flimsy Nobel cloth as Obama and Gore.
Debt is a sensible tool for taking advantage of opportunities - when handled wisely. Have a plan for paying it off, for identifying and making proper use of the savings, and a contingency plan for the possibility of circumstances going pear-shaped.
Unfortunately, for most people - from young adults to governments - debt is the unconsidered consequence of swiping the credit card for immediate satisfaction.
When your government retirement plan (SS) starts including the footnote “not all planned payments may be available at time of payout”, the problem isn’t too much or too little debt, it’s not having a damn clue what to do about it.
The word is he could have Asperger's syndrome. It's not uncommon among Economics professors. It makes figuring out how smart he is difficult. Those with Asperger's can be very bright, but their minds don't work the same way other people's do and don't give results one can rely on.
Sister-in-law. She did, a few times.
I remember reading about an election at the end of the 1800’s and the big deal was that the Federal Government had to much money and wasn’t spending enough and some were afraid that it would wined up with all the money. The progressives who came to power right after that seem to have excelled at solving that problem.
And what happens to all this debt when interest rates return to something more typical, say 5%?
The interest alone will consume more than all of the profits generated by the U.S. economy.
The word is he could have Asperger’s syndrome.
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The only syndrome Krugman has is cranial-rectal inversion syndrome.
He’s a typical liberal idiot, in that his declared viewpoints have absolutely nothing to do with empirical reality.
Nobel prizes in politicized subjects are jokes, in that the people awarding them have the same syndrome as Krugman.
I personally hope that if the future economic situation that Krugman wants actually come to pass, he gets literally eaten by a crowd of his victims.
Tell that to Greece
Looks like she needs a little help too.
Your BIL plays on that.
Hope things turn out well.
Asperger’s makes sense..
Fire Chief Paul Krugman: “Ok, boys, we need to get this fire under control. Blake, Tommy, you man the gasoline hoses, and soak this blaze good! Mike and Grant, you chuck more logs on it. Terry, you tell the helicoptor to dump loads of newspaper on it.”
Made sense when said in an effort to seek recovery.
Is Greece not suffering under the same delusion that Krugman is pushing? What part of what I said was wrong?
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