TimesTalks: Paul Krugman: Why Bailouts are Inevitable

[islandmuffin]

Study finds Paul Krugman is the most partisan economist. Krugman was the only economist to "significantly" change his stances for partisan reasons. Krugman has even gone so far as to contradict his own findings to bash Republican politicians. - Brett Barkley, Econ Journal Watch, May 2010

[dontliethetruth]

@islandmuffin you can shove your "study". dont you think we know that Econ Journal Watch is a libertarian/hack publication by the right wing think tank Atlas Economic Research Foundation whose president said in the late 80s "our mission is to litter the world with free-market think-tanks."

i'm rather wiping my ass with your "study" and focus on real economic debate.

[islandmuffin]

@dontliethetruth The economically ignorant, like Krugman, debate about fecal matter instead of their heads.

Show us empirical proof that Keynesian economics has worked ever, or pull your “socialism on demand” hands out of your deficit expanding arses.

Krugman + coprolites = Keynesian failure

[Elim4ne]

When life hands you Lehman (lemons) makes Lemonade (Lehman aid) :)

[TimeWarp66]

Paul Krugman is an idiot.

[JohnGaltSpeaking1981]

Why do people listen to this dolt? The Keyensians have had contol over the economy for decades and look where that has gotten us, bubble bursts after bubble burst leading to the financial meltdown of 2008. It's now time for the Austrian School of Economics to come to the fore-front and fix the problem!

[NotWillieMason]

No, the Friedmanites and the Chicago school had control of the economy. You are not John Galt.

[JohnGaltSpeaking1981]

Nice try Willie ;)

Friedman was not an advocate for Austrian Economics.....And lets get one thing straight, Nixon said it best a few decades ago when he said, "We are all Keynsians now"....The part he left out was, "Whether we like it or not". Because I'm not a Keynsian. And if you look at our economic policy over the past 5 decades it has been anything but a "True Free Market".

[islandmuffin]

@NotWillieMason Study finds Paul Krugman is the most partisan economist. Krugman was the only economist to "significantly" change his stances for partisan reasons. Krugman has even gone so far as to contradict his own findings to bash Republican politicians. - Brett Barkley, Econ Journal Watch, May 2010

[higarmi]

JohnGalt, you are absolutely wrong! We have been away from Keynesian economics for the last 30+ years. Also, the Austrian School of Economics is stone age economics that can not even apply mathematical methods. Just take off your partidarian shirt and study the topic in an unbiased way and you may learn something!

[DorianGrayism]

@higarmi

It is not because they cannot. It is because they refuse to do so.

[higarmi]

@JohnGaltSpeaking1981 They listen to him because he knows his subject. You may disagree with him about some issues, but in general you can not fail to see that he has a deep analytical mind. After studying the Austrian School for some years, I realize now that it is more of an ideology than a true School of economics. And NO, it is not Keynesian Economics that brought us this trouble. Keynesian economics application basically stopped with Reagan.

[tigerone1970]

"When life hands you Lehman's, make Lehmanade".

That could have been - when life hands Goldman Sachs Lehman's, Goldman Sachs will make Lehmanade.

Paulson was from Goldman Sachs. Timothy Geithner is from Goldman Sachs.

Coincidence?

[number41fool]

@tigerone1970 Geithner is not from Goldman Sachs. He worked for Kissenger Associates for 3 years and after that he's served in public office ever since. Get your facts straight before making ignorant comments

[tigerone1970]

@number41fool

Kissenger Associates. The same mr. Kissinger who has the bin Laden's as clients.

I feel so much better now.

[marcoantoniocosta]

Retarded fucker.

[TheNewVideo]

Democrats cause the problem to blame Bush and now cannot make a fix happen. Who votes for these idiots anyway?

[MeLikeGoFast]

Other idiots.

[dstauby]

I guess you think Barney Frank was the source of the failure huh? Even though he called for more regulation in 2007. Or was it the fact that since 2006 (when the demcorats took over) the federal deficit started going down? You know, you people claimed the democratic budget passed in the early 90's would create a depression. But it didn't. Nope, it balanced the budget. Something republicans haven't done in a century. Just put your tinfoil hat on and wait for us to fix this problem like always.

[TheNewVideo]

Oh hell yes it was Barney Frank and Chris Dodd. Bush tried to get it fixed and the Democrats stopped him. You do not know what Conservatives are about to do. I have no tinfoil hat but you sure do.

[dstauby]

You people are just to much fun. It never gets old making asses out of you. Please, do tell how Barney and Chris didn't regulate the derivatives. Cause, H.R.1427 - Federal Housing Finance Reform Act of 2007 is the bill that would have set some regulation. Barney was the bills sponsor. Guess who voted it down? Conservatives. Don't get me started on conservatives, I'll make you cry. Reagan tripled the debt, Obama doubled it.

Here is an idea, read legislation instead of watching fox news.

[TheNewVideo]

This shows how stupid Democrats really are about the American economy. They pass legislation after taking over American auto companies to provide incentive for buying American cars but it's not just for American cars, it's also for any car that is sold in America. Gee you think the majority of people buy American cars?

[shiatstain]

Inflate, inflate, inflate to totally unrealistic support levels, than when it all comes crashing down, bailout , bailout, bailout. What a leftist, money spending hack. Just print the money, there is no consequence. roll eyes.

[Hellerium]

If somebody is pissing off a bunch of wingnuts, he must be on to something.

[MeLikeGoFast]

KRUGMAN = MARXIST HACK

[terpis]

YouLikeTalkNonsense

[MeLikeGoFast]

Meh, youre irrelevant.

[semigotbanned]

MeLikeGoFast = MORON

[MeLikeGoFast]

Wow it looks like i have a lot of fans on this video.

A moron calling me a moron is actually a compliment.

[semigotbanned]

it's good to know, thus I got a compliment now from a fucking moron calling me a moron

[MeLikeGoFast]

Cmon. I just used that joke.

At least be original.

LOL

[shiatstain]

I can't stand listening to this guy. What a fool. krugman, you have been exposed as a liar with your housing bubble support and then denial. Anyone still listening to this man needs to seek help.

[taz0k2]

Please clarify. I am not am American citizen and don't exactly know what you mean, but it sounds interesting.

How did he "support" the housing bubble?

[stealthswimmer]

he wrote an article where he said something to the effect of replacing the dot-com bubble with a housing bubble.

[Pighood]

Krugman = marxist hack

[sexlessparents]

Paul Krugman is overrated ,

he is not that good of an economist

[terpis]

Sophisticated criticism.

"not that good". Sure. Compared to what?

He's Nobel prize-level good...seems fairly impressive.

He's ivy league, instructor-to-the-children-of-­those-who-run-the-world-level good. Seems a decent indicator of a sharp mind.

He gives no impression that he's in thrall to Ayn Rand's painfully bad authoritarian comic books, or the fellow-traveler rightwing libertarian garbage of 'the austrian school'. I take that as another mark on the 'plus' side. But that's me.

[sexlessparents]

hahaha you follow people just because

you think he is ' smart '

that may be true, but he is bat shit 'crazy

he won is noble prize for New Trade Theory

his leftist ideas are a contradiction to economics. Most professors at Columbia , yale, harvard know that a free market works best, A LITLE LESS HUGO CHAVES A LITTLE MORE AYN RAND , i am right , you are wrong,

sir

[terpis]

3 tip-offs you've found a dimwit:

1-- any variant of "hahaha"

2-- full self contradiction in 500 wds: (a) 'haha, you're in thrall to repute & status'; then (b) 'most professors at Columbia, Yale, Harvard support my view that blah blah...'

3--CAPS LOCK. Always the caps lock.

4 (bonus)-- misspelling, esp of important figures' names

fwiw, I'm as much a 'follower' of David Harvey, Richard Florida, Mike Davis or Chomsky as Krugman.

What kind of jackass sees Krugman & Chavez as equivalent?

[MeLikeGoFast]

Dont forget the #1 sign of a dimwit.

Someone claiming to know the 3 signs of a dimwit and then naming 4.

LOL @ you!

[PerfectionObsessive]

Let the banks fall, it's supposed to be a free market with newer banks that were smart enough to get out of this mess, build up in the absence of the failing larger ones.

The only thing we should do is make it more easy for the formation of new banks.