Stephen Moore vs. Paul Krugman...economist throw down, Krugman lost....

[2aguy]

Stephen Moore is an economist and he calls into the Amy and Dan show here in Chicago about once a week. Last week he had a debate against Paul Krugman at the American Enterprise Institute....Krugman used a clause in his appearance contract to keep cameras off, but someone, somewhere should have it.....

He had no answer for Greece, Chicago, Detroit, or any other place that has followed his economic policies to ruin.......

 

[CrusaderFrank]

Krugman is a fool and wrong in the trillions column

 

[SassyIrishLass]

The answer was Democratic Socialist policies

 

[rdean]

Name calling with nothing to back it up from the Republicans. Wow, didn't see that coming.

 

[SassyIrishLass]

Name calling with nothing to back it up from the Republicans. Wow, didn't see that coming.

You see very little coming, until it runs over you like a freight train, much like Greece, Detroit and Chicago

 

[Carla_Danger]

Krugman is a fool and wrong in the trillions column

Last year, Krugman noted where Moore was caught using phony data. lol

Paul Krugman vs. Stephen Moore Kansas is at the center of feud after tax cut errors The Kansas City Star The Kansas City Star

PRAIRIE VILLAGE, KS — “I won’t be running anything else from Stephen Moore.”

So says Miriam Pepper, editorial page editor of the Kansas City Star—and not just because she’s retiring this week. Pepper’s no-Moore stance comes after her paper discovered substantial factual errors in a recent guest op-ed by Moore, the chief economist at the conservative Heritage Foundation.

Why one editor won t run any more op-eds by the Heritage Foundation s top economist - Columbia Journalism Review

 

[Carla_Danger]

A newspaper fact-checks its own right-wing op-ed; hilarity ensues

Steve Moore is an idiot.

It turns out Moore's statistics were dead wrong. He later explained that he was citing figures from 2007-2012, not the last five years. But--oops again--he got those figures wrong too. His errors were discovered by Yael T. Abouhalkah, a Star columnist, who took the simple step of cross-checking them against the source, the Bureau of Labor Statistics.

A newspaper fact-checks its own right-wing op-ed hilarity ensues - LA Times

 

[Carla_Danger]

Stephen Moore is an economist and he calls into the Amy and Dan show here in Chicago about once a week. Last week he had a debate against Paul Krugman at the American Enterprise Institute....Krugman used a clause in his appearance contract to keep cameras off, but someone, somewhere should have it.....

He had no answer for Greece, Chicago, Detroit, or any other place that has followed his economic policies to ruin.......

Do you have anything to back this up?

 

[danielpalos]

Stephen Moore is an economist and he calls into the Amy and Dan show here in Chicago about once a week. Last week he had a debate against Paul Krugman at the American Enterprise Institute....Krugman used a clause in his appearance contract to keep cameras off, but someone, somewhere should have it.....

He had no answer for Greece, Chicago, Detroit, or any other place that has followed his economic policies to ruin.......

I am not sure what you are referring; can you elaborate?

Chicago has the third largest gross metropolitan product in the United States—approximately $532 billion according to 2010 estimates,[139][140] after only the urban agglomerations of New York City and Los Angeles, in the first and second place, respectively. The city has also been rated as having the most balanced economy in the United States, due to its high level of diversification.[141] Chicago was named the fourth most important business center in the world in the MasterCard Worldwide Centers of Commerce Index.[142] Additionally, the Chicago metropolitan area recorded the greatest number of new or expanded corporate facilities in the United States for calendar year 2014.[143] The Chicago metropolitan area has the third largest science and engineering work force of any metropolitan area in the nation.[144] In 2009 Chicago placed 9th on the UBS list of the world's richest cities.[145] Chicago was the base of commercial operations for industrialists John Crerar, John Whitfield Bunn, Richard Teller Crane, Marshall Field, John Farwell, Julius Rosenwald and many other commercial visionaries who laid the foundation for Midwestern and global industry.--https://en.wikipedia.org/wiki/Chicago#Economy

 

[CrusaderFrank]

How is using 2007-2012 "phony data" for an article written in July 2014?

 

[CrusaderFrank]

Krugman is wrong in the trillions columns, has given us the worst recovery since FDR was fucking things up with with worst 2 terms in all human history, has almost 100,000,000 people out of the labor force, but Moore is in trouble for using data a year old?

 

[2aguy]

Yeah.....this kind of krugman math problem....

http://apps.chicagotribune.com/bond-debt/

But in an unprecedented analysis of Chicago’s finances, a Tribune investigation found that city officials have long abused their borrowing privileges, spending funds meant for long-term initiatives on problematic short-term expenses from library books to legal settlements.

Residents know little about it, as Illinois law doesn’t require Chicago to ask voters’ permission before issuing bonds. And when the city can’t pay what it owes, it uses yet more borrowed money as leverage to push off payments on old bonds.

This pattern of fiscal recklessness, which started under former Mayor Richard M. Daley, created a mountain of debt that threatens the financial future of the city. Now Rahm Emanuel is groping for ways to deal with the problem along with a looming pension crisis and chronic budget deficits.

 

[danielpalos]

How is using 2007-2012 "phony data" for an article written in July 2014?

I didn't read the article. Can you elaborate?

 

[danielpalos]

Krugman is wrong in the trillions columns, has given us the worst recovery since FDR was fucking things up with with worst 2 terms in all human history, has almost 100,000,000 people out of the labor force, but Moore is in trouble for using data a year old?

Why do you believe that? When did the Capital Right ever earn the People, multimillion dollar bonuses to help defray the cost of Government, even with a Commerce Clause and an official Mint.

 

[danielpalos]

Yeah.....this kind of krugman math problem....

http://apps.chicagotribune.com/bond-debt/

But in an unprecedented analysis of Chicago’s finances, a Tribune investigation found that city officials have long abused their borrowing privileges, spending funds meant for long-term initiatives on problematic short-term expenses from library books to legal settlements.

Residents know little about it, as Illinois law doesn’t require Chicago to ask voters’ permission before issuing bonds. And when the city can’t pay what it owes, it uses yet more borrowed money as leverage to push off payments on old bonds.

This pattern of fiscal recklessness, which started under former Mayor Richard M. Daley, created a mountain of debt that threatens the financial future of the city. Now Rahm Emanuel is groping for ways to deal with the problem along with a looming pension crisis and chronic budget deficits.

How is this Only a problem of the left? Does even the Capital Right have only Taxation without Representation.

 

[Carla_Danger]

How is using 2007-2012 "phony data" for an article written in July 2014?

Why don't you ask the Heritage Foundation, who also made a correction?

It turns out Moore's statistics were dead wrong. He later explained that he was citing figures from 2007-2012, not the last five years. But--oops again--he got those figures wrong too. His errors were discovered by Yael T. Abouhalkah, a Star columnist, who took the simple step of cross-checking them against the source, the Bureau of Labor Statistics.

The Star has run a detailed correction. The Heritage Foundation, which also published a version of Moore's piece, also has run a correction, though not so detailed--it removed the erroneous paragraph and appended a note stating the piece has been "updated to correct an earlier version."

A newspaper fact-checks its own right-wing op-ed hilarity ensues - LA Times

 

[CrusaderFrank]

Krugman is wrong in the trillions columns, has given us the worst recovery since FDR was fucking things up with with worst 2 terms in all human history, has almost 100,000,000 people out of the labor force, but Moore is in trouble for using data a year old?

Why do you believe that? When did the Capital Right ever earn the People, multimillion dollar bonuses to help defray the cost of Government, even with a Commerce Clause and an official Mint.

I just have no idea what you're talking about, you repeat the same phrase "even with a Commerce Clause and an official Mint" and you sound like a nut

 

[CrusaderFrank]

How is using 2007-2012 "phony data" for an article written in July 2014?

Why don't you ask the Heritage Foundation, who also made a correction?

It turns out Moore's statistics were dead wrong. He later explained that he was citing figures from 2007-2012, not the last five years. But--oops again--he got those figures wrong too. His errors were discovered by Yael T. Abouhalkah, a Star columnist, who took the simple step of cross-checking them against the source, the Bureau of Labor Statistics.

The Star has run a detailed correction. The Heritage Foundation, which also published a version of Moore's piece, also has run a correction, though not so detailed--it removed the erroneous paragraph and appended a note stating the piece has been "updated to correct an earlier version."

A newspaper fact-checks its own right-wing op-ed hilarity ensues - LA Times

Krugman got everything wrong from the 2007 meltdown to the "recovery" when will he get corrected?

http://faculty.chicagobooth.edu/john.cochrane/research/papers/ecaf_2077.pdf

 

[danielpalos]

Krugman is wrong in the trillions columns, has given us the worst recovery since FDR was fucking things up with with worst 2 terms in all human history, has almost 100,000,000 people out of the labor force, but Moore is in trouble for using data a year old?

Why do you believe that? When did the Capital Right ever earn the People, multimillion dollar bonuses to help defray the cost of Government, even with a Commerce Clause and an official Mint.

I just have no idea what you're talking about, you repeat the same phrase "even with a Commerce Clause and an official Mint" and you sound like a nut

Why, don't you believe and have Faith in Capitalism. Are you infidel, protestant, and renegade to a Capital Maxim that claims; it takes money to make money. The Capital Right has always had an official Mint at their disposal when a majority in office.

 

[danielpalos]

Does the Right Only have its propaganda and rhetoric "down pat" instead of the actual and real issues.