Wednesday, May 14, 2014

Pomp For The Pompous One

By Chris Rossini

What an interesting era we live in:

Why wouldn't Krugman be showered with glory? The following ideas deserve the highest praise that can be mustered:

"To fight this recession the Fed needs…soaring household spending to offset moribund business investment. [So] Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble." - August 2, 2002

"Controlling inflation may be painful, but we do know how to do it." - May 10, 2014

"...the real, lived experience of Obamacare is likely to be one of significantly increased individual freedom." - April 7, 2013

"Again, we all make mistakes. However, my own biggest mistakes have come either on issues where my models offered no guidance, like the economic impact of information technology, or in cases where I disregarded my models and went with my gut, like my overestimation of the impact of the Bush deficit." - August 14, 2013

"In short, raising the minimum wage would help many Americans, and might actually be politically possible. Let’s give it a try." - December 5, 2013

"You can deny global warming (and may you be punished in the afterlife for doing so — this kind of denial for petty personal or political reasons is an almost inconceivable sin)". - March 15, 2013

"Long ago I argued that to gain traction in a liquidity trap, the central bank needed to credibly promise to be irresponsible — that is, convince investors that it would not rein in monetary expansion once the economy was at full employment and inflation was starting to rise." - May 10, 2013

"Talk to gold bugs and they’ll tell you that paper money comes from governments, which can’t be trusted not to debase their currencies. The odd thing, however, is that for all the talk of currency debasement, such debasement is getting very hard to find." - December 22, 2013

I wonder if the medal draped around Krugman's neck is made of gold....

Chris Rossini is on Twitter


  1. Pictured: A useless, barbarous, relic. (and also a couple gold medals)

    1. That’s an excellent observation. Shouldn’t that be a paper-mache medal on his chest?

  2. Why would anyone waste his time on reading Krugman's nonsense? The man is either insane or a shill for the Democrat Party.

  3. “The growth of the Internet will slow drastically, as the flaw in “Metcalfe’s law”–which states that the number of potential connections in a network is proportional to the square of the number of participants–becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.”...PK..1998.

  4. LOL... oh, this is just too good. We live in the era of the dolt, the fool and the knave. Has there ever been another era?

    Psalm 146: 3-4: Do not put your trust in princes, in any child of Adam, who has no power to save. When his spirit goes forth he returns to the earth, on that very day all his plans come to nothing.

  5. Proof positive (among many, many others) that a Nobel price is worthless.

  6. When attacking Keynesians, we quote them and attack THEIR viewpoint.

    Have the Jerry Wolfgang's of this world ever attempted to attack our actual viewpoint?

    1. Are you implying that intellectual dishonesty and straw-manning does NOT defeat an opponent's arguments?

  7. Being a regime intellectual seems to be very lucrative and a lot easier than making far less in the productive sector.

    IMO over time it's looking more like Krugman just writes these things because it makes him money.