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View Full Version : Mises: Collection of Paul Krugman Housing Bubble Quotes




Knightskye
06-23-2009, 07:39 PM
http://blog.mises.org/archives/010153.asp
http://www.reason.com/blog/show/134320.html

A sample:

In time this overhang will be worked off. Meanwhile, economic policy should encourage other spending to offset the temporary slump in business investment. Low interest rates, which promote spending on housing and other durable goods, are the main answer. But it seems inevitable that there will also be a fiscal stimulus package"

Also, something I found, along with my commentary:

August 16, 2002
“4. We may have a stock bubble, but we don't have a real estate bubble.”

Krugman admits if we do have a bubble, and it goes bust, we’ll be in a lot of trouble:
“If we do have a housing bubble, and it bursts, we'll be looking a lot too Japanese for comfort.”

Yet he wants to pump up the bubble anyway?

“And yet the Fed chose not to cut rates on Tuesday. Why?”


So yes, Paul Krugman did cause the housing bubble. ;)

awake
06-23-2009, 08:04 PM
This man can not come to the cold reality that he has been studying and promoting economic theory for most of his adult life that has been long since proven false in many respects.

Knightskye
06-23-2009, 08:48 PM
This man can not come to the cold reality that he has been studying and promoting economic theory for most of his adult life that has been long since proven false in many respects.

People see him as an authoritative voice. The fact that he's been looked to as a prominent economist for so long is a large obstacle.

Join The Paul Side
06-25-2009, 12:52 PM
Paul Krugman = the gum on the bottom of Ron Paul's and Peter Schiff's shoes when it comes to economics. I can't believe this clown won a Nobel Prize. They just give those awards to anybody these days. :rolleyes:

ClayTrainor
06-25-2009, 01:00 PM
I'd like to see a collection of Krugman quotes from TV appearances, so that i can use them for a video concept i have.

Does such a resource exist?

Knightskye
06-26-2009, 10:09 AM
I'd like to see a collection of Krugman quotes from TV appearances, so that i can use them for a video concept i have.

Does such a resource exist?

http://video.google.com/videosearch?q=Paul+Krugman+(1999,+OR+2000,+OR+2001 ,+OR+2002,+OR+2003,+OR+2004,+OR+2005,+OR+2006)&emb=0&aq=o#q=Paul+Krugman+(2000%2C+OR+2001%2C+OR+2002%2C +OR+2003%2C+OR+2004%2C+OR+2005)&emb=0

There's some appearances on Charlie Rose from 2001-2002. Some of the videos say "13 days ago" or "6 months" ago, though. So check the dates.

Also, there's this from 2006, where he talks about the housing bubble
YouTube - Krugman on the US housing bubble (http://www.youtube.com/watch?v=qo4ExWEAl_k)

I think using clips from that and quotes of him rooting for interest rate cuts... :D