tag:blogger.com,1999:blog-3758330678390419129.post8759160332219235266..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Krugman and DeLong, Like Austrian-Lites, Think We Are in a DepressionRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3758330678390419129.post-84836361668329357132016-04-02T19:15:33.206-04:002016-04-02T19:15:33.206-04:00when krugman and peter schiff agree on something c...when krugman and peter schiff agree on something chances are they're right ... Jessehttps://www.blogger.com/profile/17491735038689935589noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-5780082969752162582016-04-02T16:47:07.070-04:002016-04-02T16:47:07.070-04:00And what theory is it you hold that explains this?...And what theory is it you hold that explains this?Robert Wenzelhttps://www.blogger.com/profile/14296920597416905488noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-11270704606184777732016-04-02T15:32:57.127-04:002016-04-02T15:32:57.127-04:00But but but ... massive government spending ... de...But but but ... massive government spending ... deficits are meaningless ... inflation ... these are all good things according to Krugman, right? So he's gotten everything he's called for. How can he even <i>think</i> we might be headed for a depression? Robert What?https://www.blogger.com/profile/03863449539859132763noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-14331588146733690762016-04-02T15:21:39.388-04:002016-04-02T15:21:39.388-04:00I do not think we are in a depression but there is...I do not think we are in a depression but there is evidence that the economy is not booming and humming as well as you think. From a David Stockman article the other day:<br /><br />As we have indicated repeatedly, S&P 500 earnings—–as measured by the honest GAAP accounting that the SEC demands on penalty of jail——-have now fallen 18.5% from their peak. The latter was registered in the LTM Anonymoushttps://www.blogger.com/profile/07880627280937503395noreply@blogger.com