This article discusses the fact that the predictions of the mainstream economists were, once again, completely incorrect.
I wanted to bring this to everyone's attention because it seems that Krugman still thinks that Keynes is correct, yet can't see that he's been wrong and disproven for at least 3 decades now.
Wrong and disproven....is this the claim that "cutting taxes for rich people creates jobs"?
Did you read the article? it would seem not.
The article discusses that Krugman and many other Keynesian economists argued that creating $300 billion bucks outta thin air would lower employment as opposed to letting things alone.
Murphy goes on to show that WITH the injection of money, things were WORSE than Krugman and the others had predicted IF THEY HAD DONE NOTHING.
To put more succinctly: they said that if we don't give the dog a bone, it'd run away, but we gave the dog a bone, and it ran away with our car.
by Evan G Rogers 7 years ago
Main stream economists are finally discussing what every Austrian economist has already known (and has already been advocating) since... before they were called "Austrian Economists". That we need the gold standard.http://www.nytimes.com/2010/11/14/opini … .html?_r=1So put that in...
by uncorrectedvision 7 years ago
What was my title? I thought about it and decided that Paul Krugman was the real point of this forum. I do know something about economics, politics and Paul Krugman. I know very little about the products of Summer's Eve. Krugman is a partisan, a warrior for one side and no...
by Ralph Deeds 8 years ago
"The Third Depression"--http://www.nytimes.com/2010/06/28/opini … ef=opinion
by Ralph Deeds 5 years ago
Not according to Paul Krugman who says economic zombie ideas have eaten Rubio's brain!!!http://www.nytimes.com/2013/02/15/opini … n&_r=0
by lady_love158 7 years ago
http://online.wsj.com/article/SB1000142 … 57504.htmlThis is bold! This is leadership! Using the recommendations from Obama's own debt commission Ryan constructed this budget. Look for the democrats to demagogue, distract, and disparage this while not bringing forth a reasonable plan of their...
by Evan G Rogers 7 years ago
In this video John Stossel brings to light a lot of the most foolish things the government has done in the last few years.http://www.youtube.com/watch?v=TsUZkxyYJUkHe brings to light the fact that people don't make the connection between what they see and what they don't see.It was great when he...
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