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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on August 15, 2011, 08:50:33 AM
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And people wonder why liberal economics and ideas always fail?
http://www.realclearpolitics.com/video/2011/08/14/paul_krugman_we_could_use_some_inflation.html
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And people wonder why liberal economics and ideas always fail?
http://www.realclearpolitics.com/video/2011/08/14/paul_krugman_we_could_use_some_inflation.html
HOLY SHIT....he actually said that! WOW!
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I seriously can't believe this is real.... :o
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Should be stickied!
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I seriously can't believe this is real.... :o
The idiot obviously never heard of the "Broken Window Theory"
What a dope.
Another thing - WE ALREADY HAVE INFLATION IN ENERGY, FOOD, HEALTH CARE, AND A DEVALUED DOLLAR FOR FUCKS SAKE!
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The idiot obviously never heard of the "Broken Window Theory"
What a dope.
Another thing - WE ALREADY HAVE INFLATION IN ENERGY, FOOD, HEALTH CARE, AND A DEVALUED DOLLAR FOR FUCKS SAKE!
This convinved me, Krugman is batshit crazy...I mean, inflate the currency so prices get higher and less people can afford essentials? This guy needs to be fired and banished from the public sphere!
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His nobel prize in economics is about as valid as Obama's nobel peace prize.
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lmao - RUSH must read this site.
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This is why I laugh my ass off at every left wing freak spouting their crap on anything. They are clueless, especially krugman.
F'ing moron.
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actually, unifying the nation/world against a common outside force, like an alien invasion, has long been a CTer belief.
like, some group would 'fake' an invasion, and the masses would agree to any kind of control mechanism.
Just a silly CT to be sure.
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Former Enron adviser Paul Krugman gets nuttier by the day. I can just picture him waking up every morning frothing at the mouth as he comes to the realization that his hopes for a communist America are gone.
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Former Enron adviser Paul Krugman gets nuttier by the day. I can just picture him waking up every morning frothing at the mouth as he comes to the realization that his hopes for a communist America are gone.
Repubs on getbig defended Enron slimeballs as part of their Dubya deepthroating.
Enron is as shady as they come. Much of their prosecution being burned up in WTC7? Go fuck a duck on that coincidence lol...
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Repubs on getbig defended Enron slimeballs as part of their Dubya deepthroating.
Enron is as shady as they come. Much of their prosecution being burned up in WTC7? Go fuck a duck on that coincidence lol...
Former Enron adviser Paul Krugman is a hero of the far-left. This isn't about the Repubs. Didn't you try to take me to task just yesterday for the very thing you're doing right now? Tell me, are all trailer-park dwelling trash in Florida hypocrites or is it just you?
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Former Enron adviser Paul Krugman is a hero of the far-left. This isn't about the Repubs. Didn't you try to take me to task just yesterday for the very thing you're doing right now? Tell me, are all trailer-park dwelling trash in Florida hypocrites or is it just you?
there are a lot of us trailer trash here, to be sure.
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Should be stickied!
Are you really too dumb to not know that this was an analogy?
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Yeah and a completely bogus one at that. Revealed how clueless krugman is.
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Yeah and a completely bogus one at that. Revealed how clueless krugman is.
Explain why and how he is incorrect.
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Are you really too dumb to not know that this was an analogy?
That shocked me less than him saying...we need more inflation and government spending. That is what shocked me.
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Broken window fallacy.
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That shocked me less than him saying...we need more inflation and government spending. That is what shocked me.
Oops, I overshot your stupidity just a little. I apologize.
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Explain why and how he is incorrect.
It's just the old myth that WW2 got us out of the depression and that inflation and deficits don't matter; he claims they do NOT matter but how could that be? when inflation affects all goods potentially and essentials like energy and food, if the money purchases less but prices are going up that is a lose, lose situation but he just thinks that jobs by themselves are enough.
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It's just the old myth that WW2 got us out of the depression and that inflation and deficits don't matter; he claims they do NOT matter but how could that be? when inflation affects all goods potentially and essentials like energy and food, if the money purchases less but prices are going up that is a lose, lose situation but he just thinks that jobs by themselves are enough.
This is just conjecture on your part with no facts. Can you please present some hard facts.
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This is just conjecture on your part with no facts. Can you please present some hard facts.
::)
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This is just conjecture on your part with no facts. Can you please present some hard facts.
Conjecture? what is conjecture? that inflation is live and well and detrimental to society and the economy?
When my great aunt grew up in NYC it cost 10 cents to ride the subway, now it is about 2.50...that's inflation and you can see that the dollar has lost purchasing power.
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Are you really too dumb to not know that this was an analogy?
if it's an analogy, it's also saying we need a false flag of epic proportions so that we can get over the ressession in 18 months. That's not good lol...
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Conjecture? what is conjecture? that inflation is live and well and detrimental to society and the economy?
When my great aunt grew up in NYC it cost 10 cents to ride the subway, now it is about 2.50...that's inflation and you can see that the dollar has lost purchasing power.
Yes, because we can`t blame rising fuel prices based on Worldwide Consumption, an ever growing population and the Private Sector looking to game the system to make more in profits year after year at the expense of devaluing the dollar.
All Hail the Private Sector for they can do no wrong. Its all Obama`s fault. Ronald Reagan is God and Ron Poop is Jesus personified and Ronald`s only begotten son.
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TA - after we beat the aliens than what.
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TA - after we beat the aliens than what.
We nominate Will Smith for President.
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So former Enron adviser Paul Krugman now advocates Military Keynesianism?
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So former Enron adviser Paul Krugman
Thats all you need to know.
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So former Enron adviser Paul Krugman now advocates Military Keynesianism?
Krugman is not from Kenya, Obama is!
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Krugman is not from Kenya, Obama is!
Again - after we blow all our money on repelling the aliens than what?
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Again - after we blow all our money on repelling the aliens than what?
I already said, Will Smith will be nominated while Bill Pullman can take a lesser role, maybe Secretary of Interplanetary Galaxy or something.
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I already said, Will Smith will be nominated while Bill Pullman can take a lesser role, maybe Secretary of Interplanetary Galaxy or something.
Yawn. Answer the question. This is the broken window fallacy that most left wing morons refuse to grasp. Same reason why cash for clunkers failed.
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Yawn. Answer the question. This is the broken window fallacy that most left wing morons refuse to grasp. Same reason why cash for clunkers failed.
I think the world would be too decimated after an Alien invasion to even start the campaign season, unless Sarah Palin were running. She would be what America needs in a new Post-Apocalyptic era Don`tcha think.
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I think the world would be too decimated after an Alien invasion to even start the campaign season, unless Sarah Palin were running. She would be what America needs in a new Post-Apocalyptic era Don`tcha think.
in other words, you have no answer because krugman is full of shit on this.
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in other words, you have no answer because krugman is full of shit on this.
Well what kind of Aliens are we dealing with? Gel-like substances, Insectoids, Humanoids, Beams of Light? I need to know the type of Aliens first that way we can hammer out a plan to avoid a future attack first and foremost.
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Checkmate. Go away. Krugman is a complete joke.
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Checkmate. Go away. Krugman is a complete joke.
You asked me once we blow all of our money repelling the aliens, then what next?
I say, we would need to identify the aliens and their biology, what their goals were and figure out if we can prepare for or combat additional attacks and when they may occur based upon their position in the galaxy. (we would also need to figure out their origins for this obviously.)
I thought that was an adequate answer to your question.
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Maybe in liberal cartoon land, but not in reality.
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This is why you should never have a Jew in charge of economics.
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This is why you should never have a Jew in charge of economics.
Peter Schiff is a Jew. ::)
This has nothing to do with being Jewish or not Jewish, it has to do with stupidity in general.
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KRUGMAN, LIKE OBAMA, IS AN ABJECT FUCKING MORON.
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KRUGMAN, LIKE OBAMA, IS AN ABJECT FUCKING MORON.
Abjection, your honor, Abjection!!!
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Abjection, your honor, Abjection!!!
Krugman is perhaps the dumbest so called economist that has ever lived. This jerkoff called for a housing bubble, supported cap and trade along with obamacare, and now this?
And you wonder why he is almost universally laughed at other than at the fawning column he rights by doped up commies and progressives aka socialists?
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If Adam is just going to be a retard for shits and giggles can we get the threads cleaned up? It's obvious he's screwing the threads up on purpose.
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If Adam is just going to be a retard for shits and giggles can we get the threads cleaned up? It's obvious he's screwing the threads up on purpose.
No I`m not whatsoever. You are just mad that the Free Market Fox News is going to slam the door on Ron Paul. It should have already happened as it only hurts Fox News to have him on. They need to do away with him so they can up their profits.
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If Adam is just going to be a retard for shits and giggles can we get the threads cleaned up? It's obvious he's screwing the threads up on purpose.
What do you think of this post made by 333366:
KRUGMAN, LIKE OBAMA, IS AN ABJECT FUCKING MORON.
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No I`m not whatsoever. You are just mad that the Free Market Fox News is going to slam the door on Ron Paul. It should have already happened as it only hurts Fox News to have him on. They need to do away with him so they can up their profits.
All this was explained to you in a way that even a 5 year old could understand. There are only 2 conclusions that would explain why you are posting the way you are, you are either a total retard or you are being a dick. I guess your trying to convince us you are a retard.
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All this was explained to you in a way that even a 5 year old could understand. There are only 2 conclusions that would explain why you are posting the way you are, you are either a total retard or you are being a dick. I guess your trying to convince us you are a retard.
The far leftists like TA are seeing everything they believe in collapse around them and are in meltdown.
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All this was explained to you in a way that even a 5 year old could understand. There are only 2 conclusions that would explain why you are posting the way you are, you are either a total retard or you are being a dick. I guess your trying to convince us you are a retard.
What did you explain? The Free Market News Corporations and the Free Market media hate Ron Paul. He is bad for business and they might not like his haircut (they don`t need a reason to dislike him). So who cares if they ignore him. They are allowed to do so. Why whine about it?
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What did you explain? The Free Market News Corporations and the Free Market media hate Ron Paul. He is bad for business and they might not like his haircut (they don`t need a reason to dislike him). So who cares if they ignore him. They are allowed to do so. Why whine about it?
Did you see Jon Stewart point out the hypocrisy in the media coverage of fox, last night when it came to Ron Paul?
hilarious.
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Did you see Jon Stewart point out the hypocrisy in the media coverage of fox, last night when it came to Ron Paul?
hilarious.
You disagree with RP on EVERYTHING. There is not one single issue you agree with him on.
Legalizing Drugs - nope - you said yourself you are no in favor of that.
Ending SS and Medicare - nope
Spending? - nope you supported the stim bill and the obama spending spree
Ending the Fed Reserve - never saw you say a word on it.
Foriegn bases and entaglements? Nope - you are all in favor of that.
and on and on and on
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You disagree with RP on EVERYTHING. There is not one single issue you agree with him on.
Legalizing Drugs - nope - you said yourself you are no in favor of that.
Ending SS and Medicare - nope
Spending? - nope you supported the stim bill and the obama spending spree
Ending the Fed Reserve - never saw you say a word on it.
Foriegn bases and entaglements? Nope - you are all in favor of that.
and on and on and on
Oh yeah, you voted for Mitt Romney in 2008. HA HA HA
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Oh yeah, you voted for Mitt Romney in 2008. HA HA HA
So? I am not a paulbot. I agree with many of his issues, but I am not a RP or nothing type voter.
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Jared Bernstein.Senior Fellow, Center on Budget and Policy Priorities
GET UPDATES FROM Jared Bernstein
Like 209.Rick Perry, Ben Bernanke, and the Middle Class
WWW.HUFFINGTONPOST.COM
Just when you thought our politics couldn't get any weirder, I think Texas Governor Rick Perry just threatened to beat up Ben Bernanke for suggesting another round of quantitative easing.
Responding to a question about the Federal Reserve at a campaign event in Cedar Rapids, Perry said: "If this guy prints more money between now and the election, I don't know what y'all would do to him in Iowa, but we would treat him pretty ugly down in Texas.
I wish I was making this stuff up, folks... I really do... but I'm not.
(Does this mean the Fed research team needs to add a new variable into their impact models?... i.e., the estimate of the impact of monetary easing on long-term rates, conditional on the Chairman getting a fat lip.)
Perhaps Gov. Perry is just looking over his shoulder at Ron Paul, who's always bashing the Fed (and was a close second to Rep. Bachmann in the Iowa poll), but let's take a look at the economics in play here.
Quantitative easing (QE) is when the Fed "prints money" -- really just bytes in Fed and Treasury electronic bank accounts -- to buy longer term bonds, either Treasuries or mortgage bonds with the goal of lowering interest rates and stimulating more economic activity. They've done two rounds so far and estimates suggest they lowered long term interest rates by somewhere between 60 basis points (0.60 of a percentage point) to more than 1%. (Scholars of intermediate macro: they're pushing out the LM curve!)
Perry went on to complain about "devaluing the dollar in your pocket" based on the notion that if you're printing money, you're creating inflation. And as I and others -- most notably Ken Rogoff -- have argued recently, that would help right now.
First off, faster inflation lowers the real interest rate -- that's the nominal rate minus inflation. So if a business is thinking of building a new factory, and the interest rate on the loan it needs is 4% and inflation is 3%, then the real rate faced by the borrower is 1%. That's especially germane right now with corporations sitting on fat cash reserves. A little more inflation in the system could nudge them off of the sidelines.
More inflation also speeds up the ongoing deleveraging cycle by eroding the real value of households' debt burdens.
That said, a commenter the other day raised a good question about this: how can I, as someone who actively worries about real wage losses, advocate higher inflation, which all else equal, means lower real wages?
It's the "all else equal" part -- lower real rates and more deleveraging means faster growth and lower unemployment, which itself should help boost job and wage growth.
Here's the punchline of all this -- and be clear that I'm not talking about very high inflation, which hurts everyone.
I have no idea if this is where Gov. Perry is coming from, but what's really behind conservatives' view on this issue is that the wealthy get hurt a lot more by inflation than by unemployment, and visa-versa for the middle class. (Remember, I'm talking 2-4% inflation here, nothing higher.)
For those living off of capital (versus labor) income, inflation erodes their assets, their wealth, their capital. So lower real interest rates, faster growth, lower unemployment ain't what gets them out of bed in the morning. That's also why the editorial page of the WSJ, for example, permanently campaigns against anything that would "weaken" the dollar.
Why just last night, I was on the Kudlow show arguing against someone who wanted us back on a the gold standard (!!), the natural conclusion of sentiments like Gov Perry's, and a fine way to cut the Fed off at the knees and ensure deflation at a time like this.
And, of course, the other "punch"line: Ben, you might want to let things settle down a bit before you mosey on down to Texas.
This post originally appeared at Jared Bernstein's On The Economy blog.
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THIS DIRTBAG WAS AN ECONOMIST IN THE OBAMA ADMN AS WELL. NO WONDER WE ARE IN SUCH A MESS.
This is why the obama admn failed. They have only inflationists running the show.