Pure insanity
Did he get the Nobel prize for telling the most absurd lie with a straight face?
Krugman is a semi-literate, semi-intelligent dweeb who got a ‘gimme’ from the nobie for finding a rounding error ( and didn’t have the guts, courage or integrity to say so and turn it down)
Oh, btw, he may be educated.
What the world needs now is societies with people who possess self-disciple and industriousness.
And then, Liberty.
I wonder if leftist like Krugman will freak if we have a world wide Bankruptcy and just start fresh with mandated constitutionally sound economic policies. i.e., governments can not borrow money nor spend more than their citizens will give them.
Year of Jubilee
Belongs in the Home for LNPW’s (Loony Nobel Prize Winners).
Zimbabwe needs more. I think they are only at 79.6 billion percent.. Venezuela is a litt over 100%.
My BIL was a heroin abuser. His problem was that he couldn’t get enough.
I think it’s a good analogy.
TRANSLATION: Government has not financially-enslaved the peasants enough yet.
That’s like saying if you’re overweight, you should eat more.
They tell us nothing about the markets.
They tell us the Fed has decreed that interest rates be essentially zero, so the Federal Government interest expenditure doesn't blow up in its face.
At least not right away.
Paul needs to have a little talk with Dave Ramsey.
If debt is so good, why are Greece, Spain, Italy and Portugal having such a tough time?
Saying debt is good is Big Lie therapy for innumerate fools who don’t understand how compound interest works.
Look, you need to give Krugman a little room here.
He has a reputation that needs to be preserved and that is not easy work. Once it became established as fact that he has never, ever been right about anything even closely related to economics he simply cannot allow that streak to end.
So I’m giving him a pass on this one.
“What Ails The World Right Now Is That Governments Aren’t Deep Enough In Debt”
Past Nobel Prize Winners Hall of Fame
Yasser Arafat, 1994
Barack Obama, 2009
AlGore, Climate Scientist, 2007
Paul “Governments Aren’t Deep Enough In Debt” Krugman
Don’t let it go to your head, Paul.
Who are you going to trust, Ben or this yo-yo? I think I'll go with Ben.
These people are their own parody!
What he says if boiled down is that when interest rates are at an all time low, borrowing money for needed and useful infrastructure investment is a good idea. Correct, but only if (1) the investments have long term value and useful lives that exceed the term of the bonds, and that you can actually afford the investments on top of all other government expenditures.
What he did not say and should have also was that borrowing money for things that aren't long term useful capital projects, like funding public employee pension funds, or social welfare programs is exceptionally stupid.
However, the NYT article and many liberals don't want to pay close attention to the “details” they just want to focus on Debt is Good lets borrow and spend like drunken sailors.
Paul Krugman is a loon.
