Tuesday, February 3, 2015

What Paul Krugman Thinks The Secret to the Universe Is

I am not making this up.

Nobel prize winning Keynesian economist Paul Krugman presented this slide to his students at Princeton in the Econ 348 course.




See that? No production necessary. Just spend what you have, then respend it.

-RW
at 7:20:00 PM

2 comments:

  1. Jimmy Joe MeekerFebruary 3, 2015 at 11:43 PM

    It seems that experts like Krugman despise productive people and savers. I believe the reason why is because such people are difficult to control.

    ReplyDelete
  2. UnknownFebruary 6, 2015 at 6:01 PM

    "Circular flow" is standard in Keynesian reasoning, as is circular logic.

    ReplyDelete

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