Krugman and the Nobel
Krugman and the Nobel
Krugman is interesting enough to listen to when he's talking; he doesn't make economic concerns complex, nor does he talk over his audience in his descriptions and assumptions. That being said...
I don't agree with anything he has to say. I wish Rachel Maddow would have someone else on her show that was just as understandable that would discuss Austrian Economic Theory--and that also did not have a not-so-secret political ambition.
Keynesian economics only works in a socialist or totalitarian society. Krugman loves Keynesian theory because he loves all its intricacies and problems. Math is fun when economy is based on debt!
ARG!
Unfortunately, the participants in the system must be completely controlled for it to work. If this is the crash of the whole model that started with the economy being removed from the gold standard in 1971, it's all over for the U.S.A. as we know it.
No amount of bail-out, posturing, finger-pointing or giving away more pretend money is going to work. The government obviously doesn't have any more money since you the taxpayer spends (via the US government) about $10,000 a year (not including the war or emergency spending). Prepare for the worst of times for a long time. The more the government meddles in this, the worse it's going to be for a lot longer.
Oh hell. It's worse already. Never mind the baby boomers getting ready to retire.
I caught Krugman whining on TV today about how England already put their cash up into their banks and the USA didn't. Hint: England is already a socialist country. Plus the richest woman in the world lives there; I'll bet she loaned the government some money--for a price.
Krugman is interesting enough to listen to when he's talking; he doesn't make economic concerns complex, nor does he talk over his audience in his descriptions and assumptions. That being said...
I don't agree with anything he has to say. I wish Rachel Maddow would have someone else on her show that was just as understandable that would discuss Austrian Economic Theory--and that also did not have a not-so-secret political ambition.
Keynesian economics only works in a socialist or totalitarian society. Krugman loves Keynesian theory because he loves all its intricacies and problems. Math is fun when economy is based on debt!
ARG!
Unfortunately, the participants in the system must be completely controlled for it to work. If this is the crash of the whole model that started with the economy being removed from the gold standard in 1971, it's all over for the U.S.A. as we know it.
No amount of bail-out, posturing, finger-pointing or giving away more pretend money is going to work. The government obviously doesn't have any more money since you the taxpayer spends (via the US government) about $10,000 a year (not including the war or emergency spending). Prepare for the worst of times for a long time. The more the government meddles in this, the worse it's going to be for a lot longer.
Oh hell. It's worse already. Never mind the baby boomers getting ready to retire.
I caught Krugman whining on TV today about how England already put their cash up into their banks and the USA didn't. Hint: England is already a socialist country. Plus the richest woman in the world lives there; I'll bet she loaned the government some money--for a price.
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