Came across this picture today. To bad it doesn't have something about hurricanes or terrorist attacks stimulating the economy.
Krugmanomics
Came across this picture today. To bad it doesn't have something about hurricanes or terrorist attacks stimulating the economy.
"Government is not the solution to our problem; government is the problem."
Ronald Reagan, 1981
bump
LOL...that pretty much sums up Krugman...
The last 2 ruined it. However the others are spot on. I don't really consider le Krug an economist. A true economist attempts to study and explain how scarce resources are, can, or should be allocated in a society. He's not even a good Keynesian, though when you do isolate him to very specific micro economic situations and problems he can be spot on usually.
E che sospiri la libertà!
No concept of opportunity cost
The Broken Window Fallacy that socialist-economics fails to gasp
Here's the whole book in PDF format, it's a great read from beginners to advanced students of the market, written simple English & pretty short too - http://www.hacer.org/pdf/Hazlitt00.pdf
Last edited by Paul Or Nothing II; 04-16-2012 at 12:23 PM.
There is enormous inertia — a tyranny of the status quo — in private and especially governmental arrangements. Only a crisis — actual or perceived — produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes politically inevitable
- Milton Friedman
Fake alien invasion plans, in my country? It's more likely than you think.
These guys are the true crackpots.Originally Posted by Krugman
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