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Thread: [Video] Paul Krugman Suggests A Space Alien Economy?

  1. #1

    Default Krugman on CNN: The Big Dig helped the economy!

    "...if you could employ people to dig a ditch and then fill it up again, that's fine, they're being productively employed, they'll pay taxes, so maybe Boston's Big Dig was just fine after all."

    http://globalpublicsquare.blogs.cnn..../gps-episodes/
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  3. #2

    Default [Video] Paul Krugman Suggests A Space Alien Economy?



    Airing Date Aug.14, 2011

    Paul Krugman Suggests A Space Alien Economy?

  4. #3

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    Paul Krugman is the biggest idiot I've ever heard speak.

  5. #4

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    Quote Originally Posted by Immortal Technique View Post
    Paul Krugman Suggests A Space Alien Economy?
    If Krugman is suggesting it, there could already be a plan for such a thing. Doesn't mean it will be used, but it could be a plan. Weird.

  6. #5

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    Quote Originally Posted by nemt4paul View Post
    Paul Krugman is the biggest idiot I've ever heard speak.
    +1 He's good for lolz, though.
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  7. #6

    Default

    Quote Originally Posted by nemt4paul View Post
    Paul Krugman is the biggest idiot I've ever heard speak.
    Strangely enough, He's actually right about this.

  8. #7

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    Wait a sec.
    this was moved,,,to ,,,here.

    Ghhaaaa!
    That is almost as ridiculous as this idiot talking.
    Why do people listen to this guy?
    Liberty is lost through complacency and a subservient mindset. When we accept or even welcome automobile checkpoints, random searches, mandatory identification cards, and paramilitary police in our streets, we have lost a vital part of our American heritage. America was born of protest, revolution, and mistrust of government. Subservient societies neither maintain nor deserve freedom for long.
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  9. #8

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    Quote Originally Posted by fearthereaperx View Post
    Strangely enough, He's actually right about this.
    Well, had he said something like "If aliens came to Earth, established trade with us, and shared their technology, the recession would be over in 18 months" then he would have been correct.

    Instead, he basicially said (taking this from Peter Schiff) that we would be better off if the government were to decide to build a fleet full of thousands of ships and building through the following measures; forcing everyone to work 70 hours a week for almost no money, creating food and oil shortages, preventing anyone from buying anything other than government bonds, deporting 10% of our workforce, forcing children and the elderly to work in factories, borrowing ten trillions dollars to build it, and ultimately sinking the fleet for no real reason.
    Last edited by Cutlerzzz; 08-14-2011 at 06:37 PM.

  10. #9

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    He's not right. He is suggesting that it would be helpful to have an "alien defense" bubble; no different, logically, than the housing bubble which he promoted. The whole problem is that "alien defense" is not what people value in the long term. After the aliens are adequately defended against, the "alien defense" is no longer needed. All of the resources which went into building and maintaining alien defense must be reallocated (the bubble bursts). But, no fear, according to Krugman we can just keep creating bubbles. Krugman seems to think, simply, that the movement of resources is what is good for the economy. He can't see beyond his statistics and equations. He refuses to consider the long-term consequences of funneling resources to a bad or unsustainable place. This, really, is the view of someone who has a hard time with the logical thought process.

    It is absolutely sickening that he has credibility.
    Last edited by couvi; 08-14-2011 at 06:40 PM.

  11. #10
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    I guess this is how you act when everything you hold dear is going bankrupt and falling to pieces.
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  12. #11

    Default

    "...if you could employ people to dig a ditch and then fill it up again, that's fine, they're being productively employed, they'll pay taxes, so maybe Boston's Big Dig was just fine after all."
    Give them spoons to dig. We can employ more people this way.

  13. #12

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    Good time for this,,,

    Liberty is lost through complacency and a subservient mindset. When we accept or even welcome automobile checkpoints, random searches, mandatory identification cards, and paramilitary police in our streets, we have lost a vital part of our American heritage. America was born of protest, revolution, and mistrust of government. Subservient societies neither maintain nor deserve freedom for long.
    Ron Paul 2004

    Registered Ron Paul supporter # 2202
    It's all about Freedom

  14. #13

    Default

    I like how the other Economist was being completely reasonable in his critique of "digging ditches to stimulate the economy" and Krugman ends with "I don't agree with that" lol.

    Amazing, Amazing.
    "One of the great victories of the state, is that the word "Anarchy" terrifies people but, the word "State" does not" - Tom Woods

  15. #14

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    Quote Originally Posted by JoshLowry View Post
    Give them spoons to dig. We can employ more people this way.
    The spoons should be made of Gold. They'll cost most, benefiting the economy by increasing consumption.

  16. #15

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    Quote Originally Posted by Cutlerzzz View Post
    The spoons should be made of Gold. They'll cost most, benefiting the economy by increasing consumption.
    They don't need to be made of gold. Just make them out of zinc, and buy them at the cost of gold.

  17. #16

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    Sometimes i wonder if Krugman just says such thngs so people at Ron Paul Forum will make threads about him. As soon as he sees that no one is discussing Krugman, he says something stupid, just to get a new topic dedicated to himself.
    Last edited by wannaberocker; 08-14-2011 at 07:26 PM.

  18. #17

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    Quote Originally Posted by Yieu View Post
    They don't need to be made of gold. Just make them out of zinc, and buy them at the cost of gold.
    Good point. They could even buy spoons made of zinc and pay the same price they would for gold, and buy spoons made of actual gold and not use them. That would be double the spending.

  19. #18

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    Make them out of paper and flimsy sticks so more people will be employed replacing them.

  20. #19

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    Last edited by ClayTrainor; 08-14-2011 at 11:15 PM.
    "One of the great victories of the state, is that the word "Anarchy" terrifies people but, the word "State" does not" - Tom Woods

  21. #20

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    Quote Originally Posted by ClayTrainor View Post
    Krugmeme IMG
    Good one!

  22. #21

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    Quote Originally Posted by nemt4paul View Post
    Paul Krugman is the biggest idiot I've ever heard speak.
    This guy would be a close second


  23. #22

    Default

    So according to The Kurgan, with an environment of inflation and an expansionist policy by the Fed, we could "accomplish a great deal"?

    How much have we accomplished in the last two years?

  24. #23

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    Quote Originally Posted by amonasro View Post
    So according to The Kurgan, with an environment of inflation and an expansionist policy by the Fed, we could "accomplish a great deal"?

    How much have we accomplished in the last two years?
    "One of the great victories of the state, is that the word "Anarchy" terrifies people but, the word "State" does not" - Tom Woods

  25. #24

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    Quote Originally Posted by amonasro View Post
    So according to The Kurgan, with an environment of inflation and an expansionist policy by the Fed, we could "accomplish a great deal"?

    How much have we accomplished in the last two years?
    According to Krugman, there has been no inflation.

  26. #25

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  27. #26

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    Quote Originally Posted by fearthereaperx View Post
    Strangely enough, He's actually right about this.
    He's totally wrong. The average person does not benefit from a huge reserve of armaments designed to destroy fictional aliens. The average person benefits from production that he demands.
    Last edited by Diurdi; 08-15-2011 at 02:41 AM.

  28. #27
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    Quote Originally Posted by Diurdi View Post
    The average person does not benefit from a huge reserve of armaments designed to destroy fictional aliens.
    Indeed. The average person would only be on the receiving end of whatever the Aliens threw at humanity. Besides, Krugman stole this whole idea from the classic 80s anime Robotech anyway.
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  29. #28

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    Quote Originally Posted by Diurdi View Post
    He's totally wrong. The average person does not benefit from a huge reserve of armaments designed to destroy fictional aliens. The average person benefits from production that he demands.
    I was refferring to pumping up GDP figures and hauling us out of a depressed economy, but, yes, the long-term liabilities will come back to haunt us

  30. #29

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    Paul Krugman wrote a theory of Interstellar Trade. http://www.ronpaulforums.com/showthr...lar-Trade-(pdf)

    He may really be banking on aliens to save the US economy.

  31. #30

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    Quote Originally Posted by fearthereaperx View Post
    I was refferring to pumping up GDP figures and hauling us out of a depressed economy, but, yes, the long-term liabilities will come back to haunt us
    Your definition of depression is wrong. Your definition is about gdp numbers and how many people have work. Not the degree to which people can acquire the goods and services that they want with the fruits of their labor. Under normal circumstances the two go hand in hand and since only the gdp and work numbers are actually measurable, the former is widely accepted to provide an indication of the state of the economy. However, nobody will want to buy a space alien killing laser when they are hungry and when there are no actual aliens around to kill. But yeah there will be a bunch of lasers at low prices alright. Food prices and everything else prices would skyrocket. Everyone will have a job but no one will be able to afford anything but lasers.

    A good economy is one where a large majority of the population can buy the goods and services they want. Not one that has a high GDP where the production and consumptions of lasers account for ninety percent of that. Keynes misidentified the problem. This is why Keynes and Krugman are wrong and Hayek and Paul are right.
    Last edited by fatjohn; 08-15-2011 at 06:34 AM.
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