Krugman heralds start of next depression

[Rich Toscano]

This is the most telling paragraph to me:

“So I don’t think this is really about Greece, or indeed about any realistic appreciation of the tradeoffs between deficits and jobs. It is, instead, the victory of an orthodoxy that has little to do with rational analysis, whose main tenet is that imposing suffering on other people is how you show leadership in tough times.”

He won’t even acknowledge that there are some sound arguments (whether he agrees with them or not) as to why debt levels should stay within sustainable limits. Instead, he dismisses that approach as just some sort of power trip. He is truly delusional.

[Allan from Fallbrook]

Give me a one-handed economist! All my economics say, ”On the one hand? on the other.”
Harry S. Truman

[Allan from Fallbrook]

Give me a one-handed economist! All my economics say, ”On the one hand? on the other.”
Harry S. Truman

[Allan from Fallbrook]

Give me a one-handed economist! All my economics say, ”On the one hand? on the other.”
Harry S. Truman

[Allan from Fallbrook]

Give me a one-handed economist! All my economics say, ”On the one hand? on the other.”
Harry S. Truman

[Allan from Fallbrook]

Give me a one-handed economist! All my economics say, ”On the one hand? on the other.”
Harry S. Truman

[Arraya]

He rails against orthodoxies when he can’t see his own.

Or maybe he has anosognosia

[Arraya]

He rails against orthodoxies when he can’t see his own.

Or maybe he has anosognosia

[Arraya]

He rails against orthodoxies when he can’t see his own.

Or maybe he has anosognosia

[Arraya]

He rails against orthodoxies when he can’t see his own.

Or maybe he has anosognosia

[Arraya]

He rails against orthodoxies when he can’t see his own.

Or maybe he has anosognosia

[Allan from Fallbrook]

Not a rebuttal of Krugman, per se, but a good article by Samuelson at Newsweek: http://www.realclearpolitics.com/articles/2010/06/28/economics_unhinged_106112.html

[Allan from Fallbrook]

Not a rebuttal of Krugman, per se, but a good article by Samuelson at Newsweek: http://www.realclearpolitics.com/articles/2010/06/28/economics_unhinged_106112.html

[Allan from Fallbrook]

Not a rebuttal of Krugman, per se, but a good article by Samuelson at Newsweek: http://www.realclearpolitics.com/articles/2010/06/28/economics_unhinged_106112.html

[Allan from Fallbrook]

Not a rebuttal of Krugman, per se, but a good article by Samuelson at Newsweek: http://www.realclearpolitics.com/articles/2010/06/28/economics_unhinged_106112.html

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