Comments on: The Craven Krugman https://barelyablog.com/the-craven-krugman/ by ilana mercer Wed, 02 Apr 2025 19:29:09 +0000 hourly 1 By: james huggins https://barelyablog.com/the-craven-krugman/comment-page-1/#comment-13195 Wed, 03 Nov 2010 12:40:40 +0000 http://barelyablog.com/?p=30752#comment-13195 Our whole economy/culture has for so long been taking money away from the people who earn it and giving it to the people woh don’t we now seem to think that’s the natural way of things. Phoney intellectuals like this Krugman character actually believe this drivel.

]]> By: Myron Anit-Debtor Pauli https://barelyablog.com/the-craven-krugman/comment-page-1/#comment-13189 Tue, 02 Nov 2010 20:23:14 +0000 http://barelyablog.com/?p=30752#comment-13189 KRUGMAN: “If one group of people — those with excessive debts — is forced to cut spending to pay down its debts, one of two things must happen: either someone else must spend more, or world income will fall.”

PAULI: So instead, counterfeit money to increase spending. Thus world income rises – but in units of watered money. Water down the milk and everyone can have a glass!

KRUGMAN: So what should we be doing? First, governments should be spending while the private sector won’t, so that debtors can pay down their debts without perpetuating a global slump.

PAULI: Well, the government is fabricating $ 1,400,000,000,000 to bomb Pustuns, keep GM alive, ethanol subsidies, and Bridges to Nowhere. What has that bought us other than a housing bubble and investors too scared to invest?

KRUGMAN: Second, governments should be promoting widespread debt relief: reducing obligations to levels the debtors can handle is the fastest way to eliminate that debt overhang.

PAULI: So why would anyone lend to people who can get away with defaulting? HOW does the government “reduce the obligation” – by magic, inflation, what??

“IN THE BEGINNING, THERE WAS GOVERNMENT AND GOVERNMENT CREATED MONEY AND THERE WAS MONEY AND IT WAS GOOD!!!”

]]> By: Steve Hogan https://barelyablog.com/the-craven-krugman/comment-page-1/#comment-13185 Tue, 02 Nov 2010 19:13:21 +0000 http://barelyablog.com/?p=30752#comment-13185 How many times must Krugman’s absurd theories fail in practice before people stop listening to him? When America regresses into a Third World kleptocracy? When the New York Times finally goes under?

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