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Thread: Krugmanomics

  1. #1
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    Default 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



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  4. #3

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    LOL...that pretty much sums up Krugman...

  5. #4

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    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!

  6. #5

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    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

  7. #6

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    Fake alien invasion plans, in my country? It's more likely than you think.

    Quote Originally Posted by Krugman
    If we discovered that, uhhhhhhhh, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary, uhh, place to that, this slump would be over in 18 months. And then if we discovered, whoops, we made a mistake, there aren't any aliens, we'd be a better...
    These guys are the true crackpots.

  8. #7

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    You are entering the vicinity of an area adjacent to a location...





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