Talking to Ron Paul is hopeless because it's like you're talking to a wall - Paul Krugman

[paulbot24]

If Ron is a wall, he is a gold brick wall.

"Brick Wall" Paul 1 Paul Krugmen 0 bitchezzz

Too bad Ron couldn't reach through and punch him in the face with a roll of Liberty Eagles in his hand. Also unfortunate for poor little Krugman that Russian Television is the only media that ALWAYS gives Ron love. Well besides FOX19.

[opinionatedfool]

I started to watch it, then I was like, "why bother?"

[seraphson]

Talking to Paul Krugman is hopeless because you're talking to a Keynesian - Me

Please, do tell how an infinitely expanding deficit permeates such a wonderful life and future for generations to come!

[1000-points-of-fright]

Anytime someone posts a Krugman article or sites him in defense of Keynesianism, I simply throw this at them...

"To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble."

- Paul Krugman, 2001

Then I ask how that plan worked out.

Even if you really believe in Keynesianism, is Krugman the guy you want defending it?

[steph3n]

Did he actually say that the euro is like the gold standard?

/Facepalm

DELUSIONAL.

[musicmax]

Did he actually say that the euro is like the gold standard?

/Facepalm

Yup. Who is that interviewer? He should be fired for not immediately asking, "Sir, by what asset is the euro backed?"

[Lafayette]

Sounds like Krugman is still butthurt from the 1 on 1 debate on bloomberg....hahaha

" Conversation with great minds "

So why is Krugman there?

[Carehn]

I was really hoping he would expand on his ideas but the video ended and i don't think he did any way. Yes I too can say the gold standard is a scam put on by big bank but I would hope people would at least ask me how that is so.

I just so mad after watching that and to find out he won the nobel prise pisses me off even more because I'm willing to bet I know more about the economy then he does.

[Bastiat's The Law]

[ClydeCoulter]

I know, right, all these rich people keep pouring money into Ron Paul and anyone that would get us back to the gold standard, but for all their wealth and logic is just can't be done, cause paper is so much more sensible.
Remember when the gold standard colapsed, well paper verson of it, I mean almost gold, I mean they couldn't just print it when the U.S. was, I mean....

[heavenlyboy34]

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.

Keynesian answer: We owe it (the debt) to Ourselves.

[ClydeCoulter]

Well, everybody is trying to get out of slavery at the same time, we can't have all the slaves doing that...
But the depression ended when everyone paid down their debts and then we had no slaves, so we need to get them indebted, so now we need aliens I tell you, aliens...

[HigherVision]

LOL this would be less funny if it wasn't true...

I would simply ask this question of the Kenyesians... if we can just print ourselves to prosperity why in the hell do ANY ONE of us pay ANY taxes AT ALL?

I think another good question is, if there's no downside to to printing the amount of money that Krugman and the Keynesians want, why stop there? Why not just issue endless trillions of dollars and make everyone a millionaire?

Keynesian answer: We owe it (the debt) to Ourselves.

I thought we owe it to private banks?

[No Free Beer]

sounds like his butt hurts...

[musicmax]

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.

That "someone" was Sweden's Central Bank.

[sylcfh]

Krugman is a Keynesian ideologue, yet he has not academically contributed to Keynesian theory. He's a cheerleader of the worst kind.

[musicmax]

I was really hoping he would expand on his ideas but the video ended and i don't think he did any way. Yes I too can say the gold standard is a scam put on by big bank but I would hope people would at least ask me how that is so.

I just so mad after watching that and to find out he won the nobel prise pisses me off even more because I'm willing to bet I know more about the economy then he does.

He won his Swedish Central Bank Prize in Economic Sciences in memory of Alfred Nobel for his work on international trade, not for anything remotely related to monetary or fiscal policy. To portray him as an expert on money or budgets would be like hiring your optometrist to perform open heart surgery.

[Koz]

I almost feel bad for Krugman, he's so stupid that he doesn't even know any better. I don't feel bad for him, but I almost do.

Anyone with a simple reasoning ability could figure out that thier theory of economics has been wrong over and over again. He's not even bright enough to figure that out.

[Wolfgang Bohringer]

I think he's kind of right about the Euro being like gold in that there might be certain restrictions based on some gnp number in how many Euros they can print to monetize each Euro nation's debts. So, I'm not sure about this, but the Euro could be sort of like Milton Friedman's monetary rule idea and many non-Austrian School "libertarians" think that that sort of greenbacker-like regime is almost as good or even better than a government gold standard--which the Austrians also oppose (but many say is better than fiat and Friedman's computer money--even though it isn't which is what the Rothbardians who are right about almost everything understand).

And notice how they ALWAYS conflate a government gold standard with the Rothbard/Paul proposal for free market currencies.

As for the Euro, its fate hasn't mattered ever since Ron Paul's partial audit revealed that its the NY Fed that prints the world's money that bails out Deutchbank, so that they have money to bail out the Las Vegas casinos, so that they have money to bail out Sheldon Adelson, so that he has money to bail out Newt Gingrich and Mitt Romney, so that they have money to hire Michael Chertoff so that he can radiate, sexually assault, and/or rape every American that tries to board an airplane to vote for Ron Paul at his state convention or wants to attend his grandmother's funeral.

[paulbot24]

Ah yes. Alfred Nobel. The amazing inventor of the paste detonator used with dynamite and nitroglycerin. Unfortunately, the Nobel prize was a joke even before Obama got the "Peace" version. Just a way for rich elitists to keep heaping praises on each other for publicity. Rich elitists with a plan of course.

[Carehn]

He won his Swedish Central Bank Prize in Economic Sciences in memory of Alfred Nobel for his work on international trade, not for anything remotely related to monetary or fiscal policy. To portray him as an expert on money or budgets would be like hiring your optometrist to perform open heart surgery.

Its good to know that. yet Im still pissed off because the people don't understand and the Propaganda is mightier then the sward!!!

[heavenlyboy34]

I thought we owe it to private banks?

In practice we do, but the Keynesians like to say "we owe it to ourselves". They know that ignorant people will believe it.

[specsaregood]

Ah yes. Alfred Nobel. The amazing inventor of the paste detonator used with dynamite and nitroglycerin. Unfortunately, the Nobel prize was a joke even before Obama got the "Peace" version. Just a way for rich elitists to keep heaping praises on each other for publicity. Rich elitists with a plan of course.

This puts it all into perspective:

[heavenlyboy34]

I almost feel bad for Krugman, he's so stupid that he doesn't even know any better. I don't feel bad for him, but I almost do.

Anyone with a simple reasoning ability could figure out that thier theory of economics has been wrong over and over again. He's not even bright enough to figure that out.

I suspect he knows, but is trying to tell his lies big enough and long enough that a lot of people will believe it. (which is typical of pseudo-intellectuals)

[heavenlyboy34]

Ah yes. Alfred Nobel. The amazing inventor of the paste detonator used with dynamite and nitroglycerin. Unfortunately, the Nobel prize was a joke even before Obama got the "Peace" version. Just a way for rich elitists to keep heaping praises on each other for publicity. Rich elitists with a plan of course.

Hayek being the exception to the rule, of course.

[J_White]

and add to that why do ANY of us need to WORK ? why not just stay at home ?

LOL this would be less funny if it wasn't true...

I would simply ask this question of the Kenyesians... if we can just print ourselves to prosperity why in the hell do ANY ONE of us pay ANY taxes AT ALL?

[paulbot24]

Hayek being the exception to the rule, of course.

A well deserved bone thrown to the great Austrian. My bad.

[Danan]

Krugman is a Keynesian ideologue, yet he has not academically contributed to Keynesian theory. He's a cheerleader of the worst kind.

That's not true.

http://en.wikipedia.org/wiki/New_Tra...7s_development

Don't get me wrong: The theory is BS. So are it's Keynsian foundations. But he did contribute.



Regarding his Euro-/goldstandard-example:

And Greece would be alright as of now if the EZB and the member states hadn't bought all the useless government bonds to "help Greece" (aka bailing out private banks). It's that easy. Reducing government spending doesn't kill you. Even if it's hard to accept for a Keynesian.

If Greece had had the ability to deficite-spend themselves into oblivion the people there would be starving right now.

[Victor Grey]

If it was up to me, I wouldn't ever post anything from that "SchittReport" youtube account, and try to find the video somewhere else whenever possible.

The account is clearly used to actively push a pro-Keynesian agenda.

The user requires to screen comments, to avoid any shown negativity.
He simply displays publicly only debates he "wins" or weakest argument, and only complimentary positive comments, or contrary posts that find witty retorts.

It's a propaganda tool. It doesn't deserve the extra views.

[Demigod]

Is he saying that Europe should pay its debt by printing money?

Also in Europe the governments are not just reducing spending but increasing taxes as well.And they are increasing the taxes a lot more than they are cutting spending.Every day there is a new ticket for something.At the end of the month when the police needs to earn their paycheck they start to give tickets for everything.

This is what for all the protests in Europe are.