Interview with Paul Krugman, 2008 Economics Prize

[Lizal299]

seriously, am i the only one who can literally see two completely different face structures? his upper head looks so different that its southern part, wtf.

[timothy51886]

This guy looks looks like he suffers from terrible anxiety

[truevoice08]

It's too bad that Krugman became the opposite of those scientists who saved the world. He became a scientist who perpetuates Keynesian fallacies and a dangerous socialist ideology. So, despite the Nobel Prize and praise from the media, Krugman is nothing more than a propagandist!

[abuabu41]

If he was not a jew he wouldn't be that famous.

[lilbitparanoid]

If we had free markets, things would regulate themselves and would lessen the extent of the bubbles. For instance, if we had futures markets that were designed so that anyone who buys a contract on a commodity actually had to take delivery, and visa versa, a seller actually had to deliver the commodity instead of cash, the prices would not be distorted as they are. Food prices would go up, and in response, more people would become farmers and grow more food. Massive food shortages are coming.

[lilbitparanoid]

Money creation is a two edged sword; without it, progress would be severely impaired because people could not spend money that doesn't exist. However, with money creation comes inflation. The Federal Reserve (which is neither federal, or a reserve) has done everything in it's power to keep commodity prices low to hide inflation. The chickens are about to come home to roost with shortages and exploding prices. The fed has also robbed millions of hard working savers through devaluation of cash

[solemio09]

I am afraid to correct you Mr. Krugman, having you as a Social Scientist would have made this "civilization" much better off! :-(

Anyway, someone or something fooled all of us around, not you alone to be blamed for this chaotic civilization. But, I still believe you are over and more than an Economist, for our relieve!

Good luck, and keep up your tough role on it :-)

[jmitterii2]

Too bad they are clueless. The system is prone to failure, as greed begets greed. The system destroys itself. Unless you can find something new, innovation, but real innovation like the next transportation system, or energy system, media system, etc. Inventions provides greed a motive to be less destructive-- instead of hoarding it invests.

[OneWorldOneDestiny]

Have you seen "The Confessions of a Racist" on Youtube?

[Alfakrull100]

this was VERY intresting! :D i almost pooped my pants.

[dons123111]

This Quasi-Marxist/Fascist/Bismarck­ian/Fabian is as nutty as his predecessors. Economic Knowledge post 1929? 1929 wasn't even a depression, it was a recession and the Quasi Marxist/Fabians, etc turned it into a depression in 33. Nobel Laureates are voted on, and insult to intellects.

[Finnbar01]

I think he applies science fiction to economics and not the other way around.

[AbolishTheSenateOrg]

Krugman perverts his intelect in service to concentrated private power. Everyday he wakes up and searches for the next rich ass hole to rub his greasy tongue on. He teabags wealthy balls and takes opulent cumshots in his ass between commercial breaks.

[rumrum88]

LOL, bet you wish he was doing those things to you!

[dons123111]

Well said, and might I add, his brain lacks oxygen from playing the rusty trombone with his fellow Ernst Roehm progressives.

[ienjoytaffy]

SOOPRIZE BUTTSECKS?

[yolectrica]

holy shit, my neighbor in florida looked just like this. crazy.

[generalzetta]

Keynesian moron.

[AdolfBreshnev]

Krugman is a nerd. Part of the nerd conspiracy.

[ogello]

how i like him, but oh how wrong he is. Except for the part at the beginning, which is pretty... cute?

[dave768]

0:43

economics doesnt work that good

lol

[trevorduvall]

Who is this bum?

[spol07]

Peter Schiff was right, is right and will be right because he understands the very BASIC economics that Paul never will.

[Wolfovicz]

@spol07 Why don't you look @ Peter's incompetence in the past. Try looking up "Peter Schiff was wrong", and watch those videos, dumbshit.

[Voy2378]

@ Epic878787 - LOL

BTW the last part of this will be in Peter Schiff Was right 2008-2010

:)

[Epic878787]

"I was an avid science fiction reader..."

No wonder he took so completely to Keynesianism.

[spol07]

that's what I thought first when I heard him say that.

[Wolfovicz]

@Epic878787 Fuck off, Schifftard. Krugman is a genius.

Keynesianism is what alleviated the impact of the Great Depression. Go research FDR's New Deal.

[InbredChineseMan]

He smokes at least 2 ounces of ganja everyday.

[trevorduvall]

What is 2 ounces of ganja?

[InbredChineseMan]

To trevorduvall:

I think its when you roll a ball of sperm in aluminum foil and set it on fire, then you inhale the smoke with your ear canal. I think thats what it is. Im not 100% sure though.

[trevorduvall]

Well I have no idea either what it is or what it means. I didn't know so I asked. Now I wish I hadn't.

Peace

[InbredChineseMan]

hahaha.... sorry... if you really dont know what it is... I think its a herbal medicine known as marijuana

[trevorduvall]

Oh, no I really didn't know haha. I don't keep up with the times...Thanks for explaining it to me.

Peace

[InbredChineseMan]

Your jump rope vid is my favorite of all time

[trevorduvall]

Oh well thank you I am flattered. I am glad you enjoyed it so much.

Peace

[JohnnyRock2000]

Build a castle out of cards...then pull out a card at the bottom. Then figure out a way to stop the collapse.

[beejusbeejus]

lol

The only meaningful work that has ever been done in all of economics has been done by mathematicians - which this guy is not.

[djussila]

Paul Krugman is a tool.

Peter Schiff 2010!!

[Jordan22473]

Libertaruanism is so big on you tube I now expect to see there comments on any political or economcal vids.

I would love for schiff to kick that CFR dog dodd right out of office.

[jessemaurais]

I read those Asimov novels too. They're only good when your a teenager. Actually pretty poorly written. But it's cool to learn I shared an influence with Krugman

[Gassebol]

Krugman and his fellow worshippers are raving mad. Humans are not technical machines or computers, we are monkeys, we're just another animal. As an animal with a high brain capacity we walk about in our own fantasy world of our minds, WHICH cannot be calculated.

[Myschly]

Well no. We are very predictable on a large scale, and the modern computer-models can create and interpret so many factors it's insane.

We are just another animal, yes. We are not a monkey, we're hominids. Not even chimpanzees are monkeys, they're apes ;)

We are all individuals, with the capacity for the most unique thoughts. However, we're also a social animal, and most people just sort of go with the general population, not going to any extreme and just seeking normality (to some extent).

[hdrli]

its 2 good

[ZerqTM]

lol!

Wait if paul krugman in a first foundationer....

who would be the second foundationers?

and the anti-mules....

and the mules...

the foundation nobels are kinda cool but i sort of fell otu of reading them..

:(

(Insidentaly you MUST read "The gods themsevles!" it contains wierd extra dimentional psychic sex.... kindof...ish... is very wierd... lol!)

[xurbancampx]

He looks very nervous and insecure. Probably because he is lying to save time for US goverments scam.

Anyone who search deeper into this economic crisis will know that there will be a complete collapse in the dollar.

[Mlawrencedowns]

Really? Please, explain this economic crisis on a deep level...or just leave some breif comment, non-descriptive comment on youtube. Either way

[xurbancampx]

Well I advice you to listen to Peter Schiff, Jim Rogers and Marc Faber for deeper, but at the same time simple sights in the economy.

You'll soon see that the fed is doing about everything possible to dig USA deeper into debt, and printing money like crazy, creating inflation, which will eventually turn into a hyper inflation.

They're bunch of criminals running the fed and the banks, and even washington. They slowly scam the US citizen of their wealth, and mainstream dont pick up on it.

[LIXOMWALLE]

ahh talk talk talk, it is digital numbers! one day the economy is good, the other it is BAD.. just numbers added in one computer.. thats all.

vote for me! i will make the world suffer more than hitler and stalin ever would imagine!

[waveletter]

well, let history tell whether Krugman made an aducated guess or not.. But that guy has brains...

[richrdroma]

I've read none of his research. The fact that he has produced a lot of research points to nothing. So has people on both sides of the isle. You don't need do read a mans entire work in order to criticize. I criticize based on the thing that I've heard him say. I have a passion for economics and reducing poverty and people like Paul Krugman is in the way. We can't spend ourselves out of this mess like Krugman thinks. But thanks for your answer.

[barkingmad33]

You're si right. Too bad they didn't listen to you, Paul. You've been right -- and laughed at by willfully ignorant Neo-Cons and blind Friedmanites -- for years. Now we all lose.

[xurbancampx]

You're wrong, Western economy is based on same principals as this man has learned. Which comes from keynesian economy. Which includes ideas like "War is creates economical growth" "World trade center collapse ment more work opportunitys". True in some sense, but you can build economy on anything, its just a question of what we want. If you want war and murder, we can create a really big business out of that.

[norehct]

Charles E. Wilson proposed that we have a permanent war economy at the end of 1944. In a capitalist economy there are only a number of ways in which government intervention can take place. It can't be competitive with the private corporations. This explains the massive military budget. So if want an economy built on windmills and healthcare, the move to social democracy needs to happen.

[rappst]

War and economy might be linked, but that keynesians specifically considered war as an effective tool for long term economic stability was new to me. Mind you, I'm a mere layman when it comes to macro economics, so I might have missed something.

[opalen903]

I hate Milton Friedman and his extremist capitalism. I hate capitalism.

[xurbancampx]

This man is wrong, the real economic crisis hasnt even started yet. The typical mainstream propaganda, dont listen to it.

[victorjsvedberg]

He says this is just the begining!

[goodnoah]

He dont know nothing he invest his whif money in Madoff.

Hahah stupid fuck. usa is going to hell cant over size 10% over BNP

[Paddis92]

I'm sure you know better than him when it comes to economics. ;)

[grisflyt]

Of course it is political. Milton Friedman was a neocon demagogue. He was a far right wackjob given legitimacy by far right wackjobs with power, like Sveriges Riksbank.

[richrdroma]

Krugman is wrong, he is dangerous and he is a lefty and his theories will be proven wrong by the current crisis. A lot of people will go broke and jobless and in some countries even starve as a result of people like him.

[DinOMammaOPaODif]

nice!

look at my home made movies and rate!

[djsherin]

Wow, you don't have to watch Fox News to use the term far-left.

[PlayT0E]

Understanding the problem is one thing.

Getting people to change behavior and fix it is quite another.

Remember, we have known that fossil fuel use causes lots of problems, and known that for over 50 years. We still have no serious action despite knowing the eco system is in cascading collapse.

[quezcatol]

I'm Swedish and im ashamed that the prize has turned political,now its just far-left people who win,this guy got the prize because of the bush bashing,nothing else.

[Rodrigoandnietzsche]

I'm not Swedish and im not ashamed because the prize has always been political - you cannot acknowledge the accomplishments of an economist without necessarily praising his ideological sway

[chaniwie]

he looks like someone who can be very very funny.

[mfyy]

Economy prize is not so important, that means this person is not respectful for me.

[efflagitatio]

I like your attitude

[quezcatol]

I'm sorry for my country Sweden,they don't select people based on what they accomplished anymore,only on political agenda ,espeically to the far-left.

[PeaceProfit]

Dream*Boat

America set sail into the unknown as the Nina, Pinta & Santa Maria, built he'r self up into the Edmund Fitzgerald, arrived on the high seas as the Titanic, hit the ice berg of climate change, loaded the survivors onto the Exxon Valdez, ran aground and everyone jumped ship like rats onto the Black Pearl, now he'r only salvation or hope for rescue is to start bailing out the sinking ship, change habits and ways, surrounded by a military escort, while scrambling aboard the Love*Boat.

[zilouge]

what a nice guy  :)