Krugman eviscerates Austrian school, hack, cranks

[Dot Com]

Face it you two, Krugman pwn3d you again

 

[pinqy]

Krugman will look like the fool very soon...

Fuel and food have doubled/tripled in price in the last few years thanks to our market monetarist policies...health care has about doubled...all of life's essentials going UP UP UP...BUT THAT'S NOT INFLATION, RIGHT??? ..

Food at home as doubled in the last 17 years. I'm sure some specific items have doubled shorter, but average? It's taken 17 years.

Fuel and health care only took 10 years to double.

And of course it's inflation, and included in the CPI and the PCE.

 

[Dot Com]

Krugman will look like the fool very soon...

Fuel and food have doubled/tripled in price in the last few years thanks to our market monetarist policies...health care has about doubled...all of life's essentials going UP UP UP...BUT THAT'S NOT INFLATION, RIGHT???

When the next bubble bursts it will make 2008 look like a lemonade stand closing when school starts. Dow at 17 grand before plummeting to 6500, before heading for 3200 and 1200? Yep....
The whole world is sick of our monetary bullshit. I don't blame them...Krugman is a dumbass, but he's not alone. Keynesians adhere to Keynes because he gives them an excuse to exercise control.

We don't have long to disagree, either. Of course, many will blame not PRINTING ENOUGH FIAT CURRENCY as the mistake, as if 18 trillion in QE and 6trillion in deficit over 6 years is just chump change...

link or

 

[Dad2three]

You totally don't get it.

68 Nobel Prize-Winning Scientists Endorse President Obama’s Science Policies


In the letter the Nobel Prize-winning scientists contrast President Obama’s programs to train young Americans in science and technology, strengthen science-based decisionmaking in government, and increase investments in science and innovation, with Republican presidential candidate Mitt Romney’s budget proposal, which would slash these investments.

68 Nobel Prize-Winning Scientists Endorse President Obama?s Science Policies | Center for American Progress Action Fund

I don't read your posts because you're a shrill hack unable to make an argument.

68 Nobel Prize-Winning Scientists Endorse President Obama’s Science Policies


In the letter the Nobel Prize-winning scientists contrast President Obama’s programs to train young Americans in science and technology, strengthen science-based decisionmaking in government, and increase investments in science and innovation, with Republican presidential candidate Mitt Romney’s budget proposal, which would slash these investments.


VERSUS

"5 Nobel Laureates endorse Romney"

 

[Dot Com]

someone would have to be a fool or be insane to think they can outwit Krugman (or a supply-sider )

 

[CrusaderFrank]

Obama Economic Hockey stick: Debt, deficits, food stamp use, decrease in labor force participation

 

[Dot Com]

huh?

The econ statistics have steadily improved, albeit slower, since the obstructionist, T Party House hasn't passed the American Jobs Act

 

[Dot Com]

***duplicate post***

 

[Wry Catcher]

I don't see inflation anywhere but history isn't over yet.

Speaking of cranks and inflation, where is that Meet the Press clip of Krugman saying the Fed should inflate the housing market?

You need to check your facts. Passing off propaganda as fact isn't the best way to establish credibility.

 

[Wry Catcher]

Obama Economic Hockey stick: Debt, deficits, food stamp use, decrease in labor force participation

Another idiot-gram Frank. Context, context, context + the obvious, debt and deficits have many fathers.

 

[Kevin_Kennedy]

First, whether it's Austrian or Chi Boys, ALL your right wing nonsense is nothing but myths and fairy tales.



The Vienna and Chicago schools have foisted a load of baloney on the market that, when made into policy, has led to every major recession, not to mention the Great Depression, since the establishment of economics as a field.

The unfettered market quickly pendulums out of control, suppresses innovation and promotes monopoly

Yes, lets go back to commodity based dollars *shaking head*

Right, I forgot Hoover was an ardent free market guy. Never mind that many of the New Deal programs actually started under his administration.

If anyone ever looked at what FDR did, it dwarfs Hoover's actions. FDR's New Deal proved government spending during recessions helped to spur economic growth. The problem with FDR's approach was his attempts to balance budgets before the depression was completely finished. WWII proved that deficit spending to put people back to work in both the military and private contractors to make war materials broke the high unemployment, and drove demand higher, even during rationing.

Nobody is disputing that FDR went further than Hoover when it came to the New Deal, but the fact remains that Hoover initiated many of the policies during his administration that FDR then continued and expanded upon. Not to mention that Hoover was forever advocating interventionist schemes while he served as Secretary of Commerce under Harding and Coolidge. The idea that he was some free market ideologue is completely counter to the facts.

 

[Kevin_Kennedy]

You mean the credit bubble started under Harding/Coolidge?

The excess capacity fed off of their 'free markets' crap?

Yes, because of the Federal Reserve's easy money policies, which has nothing to do with free markets.

Weird, I thought those 'private market' guys looked out for their companies own best interests? Why would feds easy money stop them from looking out for their companies best interests?

I don't even know what you're saying here.

 

[CrusaderFrank]

Right, I forgot Hoover was an ardent free market guy. Never mind that many of the New Deal programs actually started under his administration.

If anyone ever looked at what FDR did, it dwarfs Hoover's actions. FDR's New Deal proved government spending during recessions helped to spur economic growth. The problem with FDR's approach was his attempts to balance budgets before the depression was completely finished. WWII proved that deficit spending to put people back to work in both the military and private contractors to make war materials broke the high unemployment, and drove demand higher, even during rationing.

Nobody is disputing that FDR went further than Hoover when it came to the New Deal, but the fact remains that Hoover initiated many of the policies during his administration that FDR then continued and expanded upon. Not to mention that Hoover was forever advocating interventionist schemes while he served as Secretary of Commerce under Harding and Coolidge. The idea that he was some free market ideologue is completely counter to the facts.

Coolidge derisively nicknamed Hoover "Wonder Boy"

 

[Listening]

You totally don't get it.

I pointed out that 500 economists is a drop-in-the-bucket that shouldn't be used as a statistic favoring yours & [MENTION=19448]CrusaderFrank[/MENTION] 's supply-side viewpoint. "500" sounds big/significant until you realize just how many economists there are in the world.

You still don't get it.

Many of us figured that out a long long time ago.

 

[EdwardBaiamonte]

Right, I forgot Hoover was an ardent free market guy. Never mind that many of the New Deal programs actually started under his administration.

If anyone ever looked at what FDR did, it dwarfs Hoover's actions. FDR's New Deal proved government spending during recessions helped to spur economic growth. The problem with FDR's approach was his attempts to balance budgets before the depression was completely finished. WWII proved that deficit spending to put people back to work in both the military and private contractors to make war materials broke the high unemployment, and drove demand higher, even during rationing.

Nobody is disputing that FDR went further than Hoover when it came to the New Deal, but the fact remains that Hoover initiated many of the policies during his administration that FDR then continued and expanded upon. Not to mention that Hoover was forever advocating interventionist schemes while he served as Secretary of Commerce under Harding and Coolidge. The idea that he was some free market ideologue is completely counter to the facts.

yes exactly, Hoover was a flaming liberal most know for the Hoover Dam make-work stimulus program !!

 

[Listening]

1. About Me The Liberty Bullhorn

Enjoyed this one.

Dottie won't even understand it.

 

[Dot Com]

Nobody pwns the Austrian School cranks like the Nobel Laureate- Paul

 

[Listening]

Nobody pwns the Austrian School cranks like the Nobel Laureate- Paul

Thanks for the laugh.

 

[EdwardBaiamonte]

Nobody pwns the Austrian School cranks like the Nobel Laureate- Paul

Thanks for the laugh.

a liberal won't know what Austrian School is let alone be able to object to it with reason

 

[EdwardBaiamonte]

Weird, I thought those 'private market' guys looked out for their companies own best interests? Why would feds easy money stop them from looking out for their companies best interests?

Keynes can explain it to dumbto3:
“Keynes is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become ‘profiteers,’ who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.