And my compost bin doesn't.
...there was a “Twilight Zone” episode like this in which scientists fake an alien threat in order to achieve world peace. Well, this time, we don’t need it, we need it in order to there was a “Twilight Zone” episode like this in which scientists fake an alien threat in order to achieve world peace. Well, this time, we don’t need it, we need it in order to get some fiscal stimulus."Posted by Kate at June 19, 2012 4:14 PM
Regarding Paul Krugman having a Nobel Prize in economics, only the awarding of the peace prize to Obama and again to Gore better exemplify the intellectual bankruptcy of the Nobel organization.
Posted by: Woodporter at June 19, 2012 6:30 PMwoodporter
to their credit, they ain't given one to Fatguts Moore
"It’s very hard to get inflation in a depressed economy. " ?!?! Are you kidding me? This guy calls himself an economist?
Well I guess if you can ignore Weimar Germany, Zimbabwe, Argentina, Pierre Trudeau's Canada, etc., etc, etc. then you too might qualify for a Nobel prize in economics. Un-freakin'-believable!
I believe Krugman won his Nobel for micro-economics...in other words, the macro is not his area of expertice. Not that the Nobel hasn't descended to a bad joke and Krugman is batshit crazy.
Posted by: syncrodox at June 19, 2012 7:05 PMWhy is it that every time I hear Krugman ... I think Chomsky?
Posted by: OMMAG at June 19, 2012 7:58 PMThe vacuous?
Posted by: syncrodox at June 19, 2012 8:05 PMEvery time I hear Krugman I think of Oompa Loompas.
The guy is such a political hack anymore. He is irrelevant as far as I am concerned, not unlike James Hansen, Pukey Suzuki, Al Gore, and many others.
Also, I can't stand to watch this mental and physical midget on TV longer that a few seconds without wondering if my lunch is going to stay put.
Posted by: Texas at June 19, 2012 8:23 PMNobel Prizes are a sick joke!
Some Chinese woman, who I could care less knowing a thing about, apparently just won the Nobel Peace Prize. All I could think was, how many people did she need to kill to get that?
Without any predator drones nonetheless.
Posted by: Knight 99 at June 19, 2012 8:57 PM...and your compost bin probably has more intelligence than Krugman.
Imagine that Krugman's basic idea re. WW2 ending the Great Depreassion because of deficit spending is true for just a moment. In 1939, US national debt was trivial in relative proportion to today's economy. It had enormous headroom to take on even huge amounts of debt relatively easily. Today, there is virtually no headroom. Any gains from stimulus spending will be swamped by increased interest payments on the debt.
Second, spending on a war meant stimulating huge amounts of industrial deveiopment, all of which converted to peacetime production after the war. In short, it was investment in capital and economic growth.
However, US stimulus spending has largely been focused on consumption. Its impact vanishes the moment the money's spent with no continuing legacy.
You are right, DrD. That Krugman could make such a stupid statement shows that "there's no there there."
Posted by: cgh at June 19, 2012 9:00 PMNME666
"to their credit, they ain't given one to Fatguts Moore"
Just wait. It would not surprise if they did.
Posted by: Woodporter at June 19, 2012 9:47 PM"I can't stand to watch this mental and physical midget on TV longer that a few seconds without wondering if my lunch is going to stay put." Texas
It's his fricking eyes that are twitching with every lie. He has me flipping off the safety, too protect myself
Slap Shot at June 19, 2012 10:06 PM
I'm with you, man!
Whenever I see Freidman,Krugman,Axelrod, or "Betty Boop" Wasserman-Shultz, I wanna chuck my cookies.
They NEVER have an argument that make sense.
Unless you're brains are scrambled.
Retards all of 'em.
Posted by: eastern paul at June 20, 2012 12:05 AMPaul Krugman does not have a Nobel Prize in Economics. There is no such thing.
He has the Sverige Ryksbank Prize in Memory of Alfred Nobel.
The Nobel family want nothing to do with it.
Posted by: Chuckles at June 20, 2012 3:37 AMWe have a real alien in the White House. Why do we need to invent one?
Posted by: MarkD at June 20, 2012 12:22 PMWe have a real alien in the White House. Why do we need to invent one?
Posted by: MarkD at June 20, 2012 12:34 PMActually, it was the first season OUTER LIMITS episode "The Architects of Fear" which I believe the good Dr. Krugman is referring to.
Posted by: Corey at June 21, 2012 1:58 PM