Here's some weekend entertainment for you:
I think many people don't realize how mild and middle-of-the-road Paul Krugman's economic views are. http://t.co/yIBxe0ywJ7
— Noah Smith (@Noahpinion) February 1, 2014
Is that what we've been getting all this time? A Krugman who's just looking to blend in? Not too loud, not to soft. He's just there...nestled in the comfortableness of the crowd?
Well...I guess we should all be thankful for that!
Who knew that when Krugman calls for the Federal Reserve to rip us off to the tune of 4% per annum, he was taking a middle-of-the-road position:
The point is that the conventional 2 percent target is a prejudice, nothing more; it once rested to some extent on studies suggesting that 2 percent was enough to make the zero lower bound a non-problem, but we now know how utterly wrong that view was; so we’re left with a target that’s considered respectable because it’s what all the respectable people say, and is what all the respectable people say because it’s considered respectable.
What do we want? Four percent! When do we want it? Now!
How about that! Krugman was going easy on us by advocating a mass robbery. Well, thanks Paul for not going for the full 8%!!
While we're on the subject of mass robberies, let's move onto the "stimulus" thefts. What did Krugman say after Obama's $800 BILLION robbery?
Krugman doesn't want to rock any boats.
He's just a face in the crowd.
One of the guys.
Chris Rossini is on Twitter, Facebook & Google+
While we're on the subject of mass robberies, let's move onto the "stimulus" thefts. What did Krugman say after Obama's $800 BILLION robbery?
It just wasn’t big enough to do the job.How about deficits?
Right now, a sustainable deficit would be around $460 billion.Wow...how lucky we are! Krugman's super-duper Keynesian calculator didn't come up with a $1 Trillion deficit as "sustainable".
Krugman doesn't want to rock any boats.
He's just a face in the crowd.
One of the guys.
Chris Rossini is on Twitter, Facebook & Google+
It appears to me that the entire "progressive" world (economists, professors and all the rest of them) have completely abandoned any type of factual or logic based analysis of economic and political events. Suspecting that they cannot debate us on the merits, they are content to simply smear us and any expression of our ideas with the oblivious public.
ReplyDeleteIntellectual honesty is not exactly Krugman's strong suit.
ReplyDeleteI have to agree in part with Krugman: the conventional 2 percent target is a prejudice, nothing more. It once rested on the notion that a moderate, controlled inflation would improve the standard of living for all, but we know how utterly wrong that view was.
ReplyDeleteHowever, there is nothing respectable it. It was, and remains, a policy of institutionalized theft.
What do we want? Zero percent! When do we want it? Now! Abolish the Fed.
One of the guys...but from a different solar system.
ReplyDelete