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  • October 13, 2009 at 9:41 AM #468873
    urbanrealtor
    Participant

    [quote=Rich Toscano]Krugman lost credibility in 2004 when he chastised Greenspam for raising rates too soon. (Actually he probably lost credibility before that; I don’t read his column, but I happened to hear him an an interview in 04).

    He is the standard-bearer for analysts who think there is no consequence to massive indebtedness and money printing.

    Rich[/quote]
    Yeah?
    See I did not see that in what he has written.
    Though it is true I have not read all of it.

    It seems more like he has said that consequences are more complicated than much of the contemporary hype.

    Specifically, he seems to not be averse to a dollar that is internationally weaker and unconcerned about inflation when money supply increase is coupled with a stagnant per capita GDP and increasing unemployment (and thus less effective demand).

    While I have mixed feelings about the first assertion, I don’t see anything terribly non-credible about saying that inflation is more dependent upon spending than printing.

    Increasing one’s monetary base is of dubious relevance if all the new base is doing is sitting in reserve accounts.

    Maybe I am wrong but I don’t see loads of extra cash (a la 2005) floating around and doing a demand-pull on prices.

    Still not sure about the international component.

    October 13, 2009 at 9:59 AM #468063
    briansd1
    Guest

    [quote=Rich Toscano]

    He is the standard-bearer for analysts who think there is no consequence to massive indebtedness and money printing.

    Rich[/quote]

    Wouldn’t that be Reaganomics?

    October 13, 2009 at 9:59 AM #468245
    briansd1
    Guest

    [quote=Rich Toscano]

    He is the standard-bearer for analysts who think there is no consequence to massive indebtedness and money printing.

    Rich[/quote]

    Wouldn’t that be Reaganomics?

    October 13, 2009 at 9:59 AM #468604
    briansd1
    Guest

    [quote=Rich Toscano]

    He is the standard-bearer for analysts who think there is no consequence to massive indebtedness and money printing.

    Rich[/quote]

    Wouldn’t that be Reaganomics?

    October 13, 2009 at 9:59 AM #468676
    briansd1
    Guest

    [quote=Rich Toscano]

    He is the standard-bearer for analysts who think there is no consequence to massive indebtedness and money printing.

    Rich[/quote]

    Wouldn’t that be Reaganomics?

    October 13, 2009 at 9:59 AM #468888
    briansd1
    Guest

    [quote=Rich Toscano]

    He is the standard-bearer for analysts who think there is no consequence to massive indebtedness and money printing.

    Rich[/quote]

    Wouldn’t that be Reaganomics?

    October 13, 2009 at 10:11 AM #468073
    Arraya
    Participant

    Awarding the Nobel Prize to Krugman was a monumental act of intellectual nihilism; the modern-day equivalent of feting the geocentric pope as a visionary while Galileo writhes at the stake.

    October 13, 2009 at 10:11 AM #468256
    Arraya
    Participant

    Awarding the Nobel Prize to Krugman was a monumental act of intellectual nihilism; the modern-day equivalent of feting the geocentric pope as a visionary while Galileo writhes at the stake.

    October 13, 2009 at 10:11 AM #468614
    Arraya
    Participant

    Awarding the Nobel Prize to Krugman was a monumental act of intellectual nihilism; the modern-day equivalent of feting the geocentric pope as a visionary while Galileo writhes at the stake.

    October 13, 2009 at 10:11 AM #468686
    Arraya
    Participant

    Awarding the Nobel Prize to Krugman was a monumental act of intellectual nihilism; the modern-day equivalent of feting the geocentric pope as a visionary while Galileo writhes at the stake.

    October 13, 2009 at 10:11 AM #468898
    Arraya
    Participant

    Awarding the Nobel Prize to Krugman was a monumental act of intellectual nihilism; the modern-day equivalent of feting the geocentric pope as a visionary while Galileo writhes at the stake.

    October 13, 2009 at 10:15 AM #468078
    peterb
    Participant

    But wait! He was awarded a Nobel prize in economics! Say it aint so. While everyone is eye-balling Big O’s Nobel prize they should take a look at Krugmans while their at it. Or most of them for that matter. Mostly political mastrubation.

    October 13, 2009 at 10:15 AM #468261
    peterb
    Participant

    But wait! He was awarded a Nobel prize in economics! Say it aint so. While everyone is eye-balling Big O’s Nobel prize they should take a look at Krugmans while their at it. Or most of them for that matter. Mostly political mastrubation.

    October 13, 2009 at 10:15 AM #468619
    peterb
    Participant

    But wait! He was awarded a Nobel prize in economics! Say it aint so. While everyone is eye-balling Big O’s Nobel prize they should take a look at Krugmans while their at it. Or most of them for that matter. Mostly political mastrubation.

    October 13, 2009 at 10:15 AM #468691
    peterb
    Participant

    But wait! He was awarded a Nobel prize in economics! Say it aint so. While everyone is eye-balling Big O’s Nobel prize they should take a look at Krugmans while their at it. Or most of them for that matter. Mostly political mastrubation.

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