tag:blogger.com,1999:blog-3758330678390419129.post4714059073382710574..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Krugman Tries Again to Answer HoppeRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-3758330678390419129.post-78838772789398173752013-02-21T15:51:18.918-05:002013-02-21T15:51:18.918-05:00"We should ask him if he, indeed, views the b...<i>"We should ask him if he, indeed, views the baby-sitting coop coupons as being the same thing as money."</i> -RW<br /><br />He most certainly does, in research for my latest blog post (click my name for direct link), I read Krugman's 1998 Slate article, he equates the coupons with money twice:<br /><br />1. "Since most of the co-op's members were lawyers, it was Matthew M.http://libertypolicyjournal.blogspot.com/2013/02/whats-wrong-with-krugmans-baby-sitting.htmlnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-2740290147241367472013-02-05T21:32:39.627-05:002013-02-05T21:32:39.627-05:00Guys guys guys, can nobody see that Krugman comple...Guys guys guys, can nobody see that Krugman completely dropped ongoing monetary policy under the bus?<br /><br />Krugman is saying that printing money, i.e. inflation, is only able to boost growth **during certain times**. Now, if that is the case, then it doesn't even matter what those certain times happen to be. As long as it is not all the time, then Krugman should be relentlessly Major_Freedomnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-20720750433183496332013-02-05T13:47:18.697-05:002013-02-05T13:47:18.697-05:00"Prices will simply clear and wages and capit..."Prices will simply clear and wages and capital goods will be priced based on the prices of consumer goods."<br /><br />I imagine Krugman would probably respond to this by saying that prices might be unable to adjust because they are sticky downwards or that the interest rate is unable to fall to the market clearing level because that level is negative.Nothinghttps://www.blogger.com/profile/07900364870090610614noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-88407151300249971192013-02-05T11:25:41.996-05:002013-02-05T11:25:41.996-05:00Thanks for the link, David.Thanks for the link, David.Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-13653752146496228232013-02-05T09:14:32.484-05:002013-02-05T09:14:32.484-05:00You mean like this? www.lewrockwell.com/blog/lewr...You mean like this? www.lewrockwell.com/blog/lewrw/archives/128271.htmlLarrynoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-11350057898135571752013-02-05T07:08:39.459-05:002013-02-05T07:08:39.459-05:00"It was the best of times, it was the BLURST ..."It was the best of times, it was the BLURST of times!?. Stupid monkey!" - Mr. BurnsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-46395890814996036652013-02-05T07:05:46.679-05:002013-02-05T07:05:46.679-05:00"... all you need to do is think in terms of ..."... all you need to do is think in terms of some kind of model, not necessarily of the mathematical kind."<br /><br />You see, if you could just imagine you live in a fantasy world where there is no time preference and marginal utility, then everything would be just fine.<br /><br />geoihhttps://www.blogger.com/profile/06228052543574335663noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-81890482477290936132013-02-05T06:53:16.645-05:002013-02-05T06:53:16.645-05:00You sum it up nicely JFF :)
You sum it up nicely JFF :)<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-46211556957857396122013-02-05T03:57:21.646-05:002013-02-05T03:57:21.646-05:00Krugman wants you focused solely on the medicine, ...Krugman wants you focused solely on the medicine, not the disease; the modus operandi of a snake oil salesman: http://mises.co.za/blog/2013/02/05/krushing-krugmans-babysitting-co-op/Caustic Pophttp://twitter.com/CausticPopnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-46590938927274481632013-02-05T00:42:48.547-05:002013-02-05T00:42:48.547-05:00That was the first thing I thought of, too. That was the first thing I thought of, too. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-88194055253223585672013-02-04T23:25:45.269-05:002013-02-04T23:25:45.269-05:00here, here
http://image.wtfux.org/0b969832/clap.g...here, here<br /><br />http://image.wtfux.org/0b969832/clap.gifAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-10843000121736582702013-02-04T21:58:02.290-05:002013-02-04T21:58:02.290-05:00Hoppe proved his point because asking Krugman just...Hoppe proved his point because asking Krugman just a simple BASIC question drew out from Krugman such a preposterous and pathetic response. These types of questions help easily demonstrate the mush-brained and dishonest "intellectual" foundations of "progressive" thought, such as it is.<br /><br />In my hammerings of the Magic Money Tree crowd, it dawned on me that the reasonBob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-22220427929465241592013-02-04T21:22:22.270-05:002013-02-04T21:22:22.270-05:00Saith M. Bastiat...Saith M. Bastiat...Capn Mikenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-51028865729808431732013-02-04T20:16:13.333-05:002013-02-04T20:16:13.333-05:00With the recent news of Argentina, and this articl...With the recent news of Argentina, and this article, maybe you should write something of note Robert. <br /><br />Here's Paul Krugman spouting his nonsense on Argentina:<br /><br />http://krugman.blogs.nytimes.com/2012/05/03/down-argentina-way/Davidhttps://www.blogger.com/profile/06488483860138306993noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-5314557848688816282013-02-04T19:10:36.478-05:002013-02-04T19:10:36.478-05:00In defense of Krugman......
I think I understand ...In defense of Krugman......<br /><br />I think I understand Krugman. He believes that any economic activty is beneficial for the economy and society as a whole. <br /><br />Hurricane Katrina sparked a rebuilding effort. It created jobs. The same thing with Hurricane Sandy. Perhaps the killer in CT just wanted to stimulate the economy in a positive way. Think all the money spent on caskets and Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-77448113891621835362013-02-04T18:39:27.656-05:002013-02-04T18:39:27.656-05:00I can not take that guy even remotely seriously. I...I can not take that guy even remotely seriously. I learned all of the same garbage he did, but I knew from just reading it that there was something wrong with it.<br /><br />Either her's a very clever rent-seeker, or just a plain child stuck in an overweight lazy grey bearded man's body. Davidhttps://www.blogger.com/profile/06488483860138306993noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-55676446148475612862013-02-04T18:17:52.055-05:002013-02-04T18:17:52.055-05:00Krugman: "Well, it may be ridiculous, but it’...Krugman: "Well, it may be ridiculous, but it’s also true, under certain conditions — namely, when the economy is suffering from inadequate demand."<br /><br />Wow, I didn't imagine that even he was so ignorant of basic economic precepts.Pete Moorenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-16320607430984258412013-02-04T17:33:43.463-05:002013-02-04T17:33:43.463-05:00We're getting to the bastard. That he's e...We're getting to the bastard. That he's even aware of Hoppe's almost off-handed comment and moreso clearly <i>aggravated</i> by it says so much.<br /><br />But that's the genius of Hoppe, he can distill it all down to one or two phrases that can rattle you to your very intellectual foundations:<br /><br />"How can a piece of paper make society richer?"<br /><br />All ofJFFnoreply@blogger.com