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  1. #26
    Rising above the Fray spursncowboys's Avatar
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    Its very clear you're not familiar with Krugman's arguments and in fact just here to say stupid .

    Carry on.
    I'm familiar with Krugman's arguments and che is spot on.

    However I didn't see the slam dunk or e the ball moment like the op stated. seemed normal libertarian v. liberal socialist argument to me.

  2. #27
    e^(i*pi) + 1 = 0 MannyIsGod's Avatar
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    Really now, explain to me how Krugman is a buddy of Wall Street please.

  3. #28
    e^(i*pi) + 1 = 0 MannyIsGod's Avatar
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    I'm especially curious as to how wanting to extend banking regulation makes him a friend to Wall Street.

  4. #29
    Alleged Michigander ChumpDumper's Avatar
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    This is where the discussion abruptly ends, Manny.

  5. #30
    e^(i*pi) + 1 = 0 MannyIsGod's Avatar
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    I doubt it. There are certainly more emoticons to follow.

  6. #31
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    I destroy Ron Paul with:



    Randian Paul will never recover from my conquering eloquence.

  7. #32
    hasta la victoria, siempre cheguevara's Avatar
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    I'm familiar with Krugman's arguments and che is spot on.

    However I didn't see the slam dunk or e the ball moment like the op stated. seemed normal libertarian v. liberal socialist argument to me.
    great points, but who is crying in their blog? Who is saying "debates are worthless" after getting his ass handed to him?

    the answer: a crybaby that when he was a child would take his ball and bat and go home crying to momma
    Last edited by cheguevara; 05-02-2012 at 08:39 AM.

  8. #33
    hasta la victoria, siempre cheguevara's Avatar
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    btw the only reason Krugman stepped up to the plate to get struck out is because he is promoting his book

    big surprise there

  9. #34
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    Randian Paul is promoting himself, and his ideological fantasies, eg, that self-regulation always works. He's shilling for the predatory 1%.

  10. #35
    hasta la victoria, siempre cheguevara's Avatar
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    I'm especially curious as to how wanting to extend banking regulation makes him a friend to Wall Street.
    please post a video of Krugman warning about the 2008 housing bubble. thanks.

    and this guy won a nobel?

  11. #36
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    Krugman, Rubini, and few others were saying there was a housing/credit bubble in the early 2000s. Is text good enough for you, or do really need video?

    Nearly all professional economists depend on the Fed's good graces for their careers and incomes, so none of those will ever cross the Fed. Greenspan was a ing disaster.

  12. #37
    hasta la victoria, siempre cheguevara's Avatar
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    now all of a sudden everyone was warning about the bubble

    why did it still happen then? let me guess you gonna blame it on Bush?

  13. #38
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    you said "everyone", I said Krugman, Rubini and a few others.

    btw, dubya's OCC did use an obscure rule to shutdown 19 states (including their target Spitzer) that wanted the Feds to crack down on predatory lending (a major component of the housing bubble), a shutdown that kept the predatory lending housing bubble off the news and roaring along full steam.

  14. #39
    Veteran velik_m's Avatar
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    Both are idiots for bringing up post ww2 economy and policies. Unless they plan to have another world war where all the other major economies of the world will destroy each other and their economic potential, it's completely irrelevant.

  15. #40
    hasta la victoria, siempre cheguevara's Avatar
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    Nobel prize

    former Enron adviser


  16. #41
    hasta la victoria, siempre cheguevara's Avatar
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    A marvelous thing happened over on Paul Krugman's blog at the New York Times last week. Krugman effectively conceded defeat on a range of economic debates. Who defeated him? People who posted comments on his New York Times blog. Mere commenters.


    For those who do not know, Paul Krugman is one of the few who still claim that Keynesian progressivism is the answer to America's (and Europe's) problems, not their cause. He repeats that claim many times each month. Amid these repeated expressions of his "progressive" faith, he now also repeatedly expresses grim despair because his progressive policy prescriptions are being accepted less and less in the public square, even by the Obama administration.

    Krugman is an academic. He has never run a company. He has never created a job. The closest contact he evidently ever had to "business" was as an adviser to Enron, where (in his own words) he was paid $50,000 to help build Enron's "image."

    This, perhaps, explains the dozen or so points that Krugman makes over and over. Here are a few: Obama's stimulus was too small. Debt is good. Austerity is bad. Deflation is coming. Ken Rogoff, Greg Mankiw, Alberto Alesina (all at Harvard), and other serious economic scientists do not understand economics as well as he does. Those who do not agree with him are "mass delusional." And perhaps Krugman's favorite line: "I was right, of course."

    Befitting his ideology, Krugman has only one policy to propose, regardless of topic: Transfer more resources from the discipline and dynamism of markets to the inefficiency and cronyism of government.

    Government-run health care. Government-controlled banks. Government bailouts. High taxes. High spending. Krugman wants it all, just like in Europe (which, in 2008, he called "the comeback continent"). And Krugman has no problems denying economic science and current events to advocate it.
    Krugman had also had enough. On July 23, Krugman showed that he was clearly no longer "in love" with his commenters. Now he called them "ranters" and "trolls." On July 28, Krugman changed his comment moderation policy. Claiming that "ranters ... say the same thing every time," Krugman announced that he was going to throw away posts longer than "three inches." His thinking must have been thus: Three inches are sufficient to write "Krugman is brilliant," but not sufficient to present a do ented and persuasive rebuttal to whichever of Krugman's standard arguments he was peddling that day.

    Within 24 hours, those outside the Times had taken notice. Stephen Spruiell at the NRO noted the absurdity of Krugman's complaint that bloggers might use the same responses to rebut Krugman's repeated statements of the same ideology. Wrote Spruiell:

    This [is] from the guy who has spent the entire summer rewriting the same blog post", Spruiell went on to point out that "Krugman's sycophants ... also say the same thing every time." "Krugman's policy seems geared to limit comments to "Yay Dr. K!" "Way to go!" "Keynes was right!" etc.

    Of course not. It is his blog. But it is newsworthy that after years of allowing 5,000-character responses consistent with Times policy, Krugman pulled the plug just as he was so obviously losing the debate. The academic world and the business world share something: They both view this as an admission of defeat.

    Krugman is also "losing the audience." Eighteen months ago, Krugman's progressive ideology that was the consensus of the president, the House, the Senate, and not a few Republicans. Now, the Obama administration is evidently worried that it bought economic snake oil from Keynesians like Krugman. Even Ezra Klein is beginning to question the Keynesian economic models of Blinder and Zandi that "got it so wrong."

    And so a six-month episode of enlightening economic debate has come to a close. Will Krugman respond to posts on other blogs? We do not know, but routinely in the past, he simply refuses to do so. He is clearly unable to do so, and, surrounded now sycophants and acolytes who tell him how brilliant he is, why should he even bother to try?
    forming an Executive Commitee of 1 in his blog

    http://www.americanthinker.com/2010/...ives_up_1.html

  17. #42
    e^(i*pi) + 1 = 0 MannyIsGod's Avatar
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    Told you there were more emoticons to come.

  18. #43
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    "Transfer more resources from the discipline and dynamism of markets to the inefficiency and cronyism of government."

    A Lie

    For the largest corps that dominate the US economy, discipline and dynamism of markets is bull . They all strive towards cartelism, effective monopoly if possible, always less compe ion through merging, overwhelming sector dominance, aka, stasis with them on top, not dynamic at all.

  19. #44
    hasta la victoria, siempre cheguevara's Avatar
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    Told you there were more emoticons to come.
    I'm sorry I have alarmed the emoticon police

    I'm sorry I find it hilarious that a Nobel winner and Princeton professor melts down in his own blog and calls ppl that disagree with him trolls. And goes to the lengths of changing his blog posting policies that were in place when the NYT first came online

  20. #45
    hasta la victoria, siempre cheguevara's Avatar
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    and also a guy who is responsible for this:

    "Europe: The Comeback Continent" I don’t want to exaggerate the good news. Europe continues to have many economic problems. But who doesn’t? The fact is that Europe’s economy looks a lot better now — both in absolute terms and compared with our economy — than it did a decade ago.

    But the next time a politician tries to scare you with the European bogeyman, bear this in mind: Europe’s economy is actually doing O.K. these days, despite a level of taxing and spending beyond the wildest ambitions of American progressives.- Krugman in 2008



  21. #46
    Veteran hater's Avatar
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    goddam Krugman sounds like a condescending got

  22. #47
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    What's Randian Paul's solution for Europe?

    For getting the USA 99% economy moving again?

    He's great for criticizing, and spouting libertarian inanities, but he's NEVER had responsibility for any thing like a govt or economy, and NEVER WILL.

  23. #48
    Scrumtrulescent
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    He's great for criticizing, and spouting libertarian inanities, but he's NEVER had responsibility for any thing like a govt or economy, and NEVER WILL.
    Replace "libertarian" with "keynesian" and you've pretty much described Krugman..........

  24. #49
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    Krugman was right about Europe's austerity worsening their economies,

    was right about the housing/credit bubble,

    was right about stimulus being too small,

    IS RIGHT now about the Repug/US austerity prolonging the US's Banksters Great Depression (for the 99%) for a decade, or more.

    Paul is fundamentally wrong on just about everything, eg, above all, self-regulation works.

  25. #50
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    As Krugman predicted:

    Austerity Pushes Eurozone Unemployment To 15-Year High; Republicans Continue To Ignore Its Failure


    Austerity policies pushed countries across the Europe back into recession during the first quarter of 2012, and the Eurozone’s unemployment rate hit 10.9 percent — its highest level in 15 years — in March. Deep budget cuts in countries like Spain, Greece, and Ireland crippled economic growth and exacerbated unemployment numbers. Austerity’s failure is starkest in the United Kingdom, where the economy is performing even worse than the rest of the Eurozone. And yet, Republicans in the United States have failed to grasp austerity’s failures, continuing their push for radical budget cuts that would jeopardize already-modest growth in the American economy and send the U.S. on a path not dissimilar from Europe’s.

    http://thinkprogress.org/economy/201...e-its-failure/

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