Paul Krugman goes all Christian Bale

[ekeyra]

Hahahahahaha yes as if krugman wasnt a big enough pompous ass. im glad he has you to inflate his unearned ego to astronomical proportions. oh wait. those arent big enough, how about national debt proportions. can you even comprehend that your children will owe the government a house and car before they can learn to walk?

[majinspy]

@ekeyra unearned? Nobel prize rofl.

[ekeyra]

@majinspy Keep laughing when america is a third world country

[majinspy]

@ekeyra You're obfuscating. You said Krugman had an "unearned" ego. I don't think he has too big an ego, but in any case the man has earned quite a bit. If you don't like the fact that someone you disagree with is very smart and has published original work in the field of econmics that was was awarded a Nobel Prize, too bad. It's ok to disagree with Nobel laureates, but not to simply dismiss them as one would dismiss an internet troll......

[ekeyra]

@majinspy When your "very smart" solution to the problem of america's financial crisis is more of what caused the crisis in the first place, yes i find that person very easy to dismiss. i dont really care how many nobels he's won.

[majinspy]

@ekeyra What caused the crisis? A lot of things, both public and private. The loan industry was making loans and then selling them. It then bundled them up into very complex securities. Then private rating agencies gave junk bonds AAA status. Then home buyers were using their houses as a speculative investment. Fannie Mae and Freddie Mac contributed by buying up tons of loans and guaranteeing them, but this says NOTHING about Keynesian stimulus.

[ekeyra]

@majinspy What caused the crisis was speculative homebuyers, funded by the federal reserves insanely low interest rates, inflating home prices to ridiculous levels. Federal laws and regulation forcing banks to lower or completely ignore lending standards. Then bailing out failed financial institutions. keynesian epic fail all around. krugmans only argument is that we didnt spend enough of other peoples money.

[majinspy]

@ekeyra I would disagree on only 2 points. The part about the government forcing the low lending standards is false / misleading. Loans done under those laws were very very few. It was mostly the advent of new securities where the company making the loan didn't hold the loan. This was a failure of too little regulation.

Secondly, none of the things you mentioned were Keynesian. Keynesian isn't just "liberal ideas". Keynesian economics is stimulus spending in times of deflation.

[ekeyra]

@majinspy So i noticed you didnt want to touch the part about the federal reserve's very crucial role in the entire mess. The failure is government manipulation of interest rates which leads to moral hazards and massive mis-allocation of resources. Also please address the fact that any stimulus money spent by the government was taken by gunpoint from someone who actually earned it in the first place.

[dsf3g]

LOL, sometimes I wish Krugman would do this. It's gotta be what he's thinking.

[jscottupton]

Krugman is proof that you can be educated to the point where you have many facts at your disposal and STILL come up with the wrong conclusion. Krugman is a big government guy.  He is criticizing republicans for not being BIG GOVERNMENT enough. I am disgusted with the over spending of the Bush years. But Obama's spending SCARES me. Obama makes Bush look frugal.

[bluesborn]

Obama makes Bush look frugal.

I hope you are not serious.Obama came into office saddled with an 8 trillion dollar debt to which he has added an extra trillion in stimulus money trying to kick start this awful  economy.Democrats have proven themselves much better economists than conservatives,and the numbers prove it.

[monk4029]

surprisingly awesome

[rspawn]

It's like the economy is being run by creationists and global warming deniers, and Krugman is one of few real scientists there.

[JimmyeDallas]

He's not a scientist, but he's a well educated Keynesian economist. He and George Will practically butt heads every time he's a guest. Not quite Christian Bale, he's way to PROFESSIONAL for mannerly debate.

[PollyAtomic]

"Well educated Keynesian economist" is the king of Oxymorons. Keynes was a blithering idiot and so is Krugman

[Entropy137]

Although Keynes did propose a currency backed by a basket of commodities.

[kyde9]

hah!

[KeithMozingo]

I was not aware that Sam Donaldson was a "Christian" Republican you dummy. You have displaced anger like Christian Bale.

[wntoply6]

hey idiot, i was talking about the author of this video and the fact the audio was not the content of the the video. and, who the heck was talking about sam donaldson keithmozingo?

now you can put your head back in the sand.

[flangum]

I'm the author of this video and I'm a liberal Krugman lover who wishes he would go after the idjits on the panel in exactly this way. I hope that clarifies matters.

[wntoply6]

wow, am i suppose to be impressed by your your buillshit. you 're no more "liberal" and was falwell or is is robertson.

go tell that bullshit to someone who'll believe you (like stupid southerners), you damned typical "christian"republican right wing nut case liar.

[flangum]

If I delete all your comments and block you from commenting on any of my videos, would you believe me then?

[gyniest]

Were those cuts actually from Bale? If so, how'd you get it a hold of it?

[flangum]

It's everywhere. Linked at several news sites. look up Christian Bale .mp3

[RandyOparowski]

1:09-1:45 I went insane laughing at this! I hate Paul Krugman, but this was ridiculously hilarious!