http://www.youtube.com/watch?v=cW2Ue...feature=relmfu
Sounds like Krugman is still butthurt from the 1 on 1 debate on bloomberg....hahaha
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http://www.youtube.com/watch?v=cW2Ue...feature=relmfu
Sounds like Krugman is still butthurt from the 1 on 1 debate on bloomberg....hahaha
who could possibly care less what Krugman says?
The man is still frantic about having lost his debate with Ron so badly this is the what, sixth or so separate interview where he is still desperate to spin it as Ron being so dense that he just couldn't shine himself?
If Ron Paul is a wall, then it's sad to think that even a wall is smarter than Krugman.
Krugman's solution to the economy is an alien invasion.
He's the REAL wall. Ranting and raving on how we can spend our way our of debt. How delusional is that?
Krugman, don't wanna hear it from RP?
Hear it from Niall Furguson then (2 years ago - yet it could have been said yesterday):
http://www.youtube.com/watch?v=tb6GWedfz9E&list=FLRGzWjeYbWtLiPS9nvUGTiA& index=1&feature=plpp_video
Keynesians are the wall in this situation. Not budging from their reckless spending, always towing the big government line.
How hard is it to understand that government spending simply leads to more debt and very temporary stability? We keep trying the same thing, and it has led to $15.7 trillion in debt.
This.
Anyone that thinks the panic that would result from millions of naive people thinking an alien invasion is about to happen would actually be a good thing for the economy, obviously has to be nuts. First of all, how hard is it to understand that life on earth would NOT be more prosperous if all 'normal life' would be suspended in order to prepare for an alien invasion ? Second, society will probably break down within a couple of days as more and more people would conclude; F That, We're all going to die anyways...
Even during the Paul vs Paul debate, I had a sense he was irritated or at least uncomfortable. To me it looked like he already lost the debate in the first round.
Well he still thinks about it (losing the debate), it seems.
What they are really talking about is the justification of war.If you can hide the costs of war by printing rather than taxing and then even go further and say war is creative,you sanction the state's ultimate application of force and prevent questioning of all lesser instances.
Did he actually say that the euro is like the gold standard?
/Facepalm
It really gets to me when I hear this line over and over again. It's just a talking point for gods sake. You can spend your way out of debt, it is possible, Ron Paul even admits this, it's just very unlikely you will spend exactly the right amount on all the exactly proper investments.
If we're gonna dumb down everything, lets look at it as if it were you and me. You're $500 in debt. If I give you $500 on credit, are you telling me there is nothing you can do with that credit to recoup your initial losses? Yes, you can, there is just a high rate of failure. Especially when you're the one who couldnt keep his money in the first place.
Debt, when controlled, can be helpful to growth. Ex: A restaurant seeking capital to expand and hired more. We are past that point. A loan to keep that restaurant open when it is operating in the red and prevent restructuring because the customers are around the corner is not wise. The debt started as the former. Now the country is acting like the latter.
He fought the wall, and the wall won.
Dude talks like a little kid.. can't talk him seriously
Talking to Paul Krugman is like talking to a manure pile, only the maggots have yet to mature into irritating, buzzing flies and there's no fertilizer value to stimulate plant growth when you're done.:cool:
XNN
The Euro = the gold standard? WTH? And Krugman thinks people are stupid enough to believe that?
Just watched the first half of the debate. Very interesting. For someone as intelligent as Krugman, it's strange that he is so narrow-minded and not willing to see the other point of view.
Is this a Nobel Prize winner?
I cannot believe he said that the Euro is like the gold standard. He is either too stupid, too corrupt, or too resentful. Most likely all three simultaneously.
What a disgrace of a person!
There is theoretically no Nobel Prize in Economics because Alfred Nobel instructed his wealth to be used to create prizes in 5 categories: Peace, Literature, Physiology or Medicine, Physics and Chemistry. Somewhere around 1970 someone gave a large donation to create a prize in Economics, so it is theoretically not one of the Nobel Prizes, but people generally consider it to be equivalent.
LOOOL the european euro is like a gold standard.. sorry for my language but what a retard.
I'm from europe, I trade stocks and own dollars. All I can say is, thank you dollar for becoming more valuable then the useless euro.
Cannot wait for my country (the Netherlands, who have a deficit of 4,5% or so of GDP) to give 40 billion euros to the failing EUSSR.