These guests are total idiots. They got good grades in school, but don't have common sense.
Keynes was wrong, just like Marx (the two agreed on almost everything). Central planning doesn't work.
The only thing that would 'collapse'- that these two guys are stressing about- are banks. People can still work, material can still be used to produce goods, etc.
The collapse is an accounting issue, not a 'real wealth' or economic issue.
Give homeowners money to pay their mortgages? I want to rip steins head off! What about those of us that don't have homes yet? We get screwed twice. Once being taxed to pay for somebody else house, and again when we have to pay more for a house because prices have been propped up. What an as*hole.
Ben Stein is billed here as an Economist? PLEASE! He's a lawyer, speechwriter, actor, son of an economist, economic commentator, and likable guy, but he's no economist.
Go Krugman!
KirbiesandYoshies 2 years ago
Why? History is not on his side and he called for a real estate bubble 8 years ago...
The government can not stimulate an economy though injection of stimulus.. It didn't work in the great depression it will not work now.
EasyEs 2 years ago
Stein and Krugman are actually pretty similar. They're both collectivists, the difference is the means, not the desired outcome.
Vodka2389 2 years ago
These guests are total idiots. They got good grades in school, but don't have common sense.
Keynes was wrong, just like Marx (the two agreed on almost everything). Central planning doesn't work.
The only thing that would 'collapse'- that these two guys are stressing about- are banks. People can still work, material can still be used to produce goods, etc.
The collapse is an accounting issue, not a 'real wealth' or economic issue.
stevemcgee99 3 years ago
1. Stein is an idiot; Krugman is not.
2. Keynes never supported central planning.
3. A credit system is essential for our economy to function.
4. You obviously have no idea what you're talking about. Stop polluting the internets with your ignorance.
Igloo53 2 years ago
Give homeowners money to pay their mortgages? I want to rip steins head off! What about those of us that don't have homes yet? We get screwed twice. Once being taxed to pay for somebody else house, and again when we have to pay more for a house because prices have been propped up. What an as*hole.
codediporpal 3 years ago
Ben Stein is billed here as an Economist? PLEASE! He's a lawyer, speechwriter, actor, son of an economist, economic commentator, and likable guy, but he's no economist.
codediporpal 3 years ago