Rachel Maddow Show: Paul Krugman on the Failure of Reagonomics

[UtopiaMinor666]

CEOs did not get arrested becuase they stole from poor people, Bernie Madoff got arrested becuase he stole from rich people. Nuff Said 

[minggnim]

Ronald Reagan, John Wayne and Chuck Norris had a 3-way gay love affair.

[Salvysahagun]

This women is retarded

[pretorious700]

Rachel Maddow and Paul Krugman-hard to find 2 more clueless individuals.

[SCordeliaB]

whats SCC stand for

[Triumphoffreedom]

Where was Mr. Krugman and his Ivy buddies before the crisis? Too busy solving mathematical equations I guess!

[islandmuffin]

@Triumphoffreedom 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

[wheelmaster176]

go get raped maddcow

[du2vye]

Proof government doesn't work? This is a result of lack of government.

[amatias15]

Yes! Let business regulate itself. That way we can create a path for MORE Bernie Madoffs to emerge and prosper.

But what of the profits made by the large banks through toxic assets via subprime mortgages? They make Madoff look like small potatoes. Get your information right.

[bettertobealive]

Get your information right; it was government involvement that caused the problem in the first place. The GSE's would buy the toxic mortgages from banks in order to provide private low cost housing. This turned high risk loans into zero-risk loans, which were then turned into derivatives.

"The market" would in no way buy that amount of toxic assets, unless backed by the government.

It was people like your hero Paul Krugman that intensly advocated low interest rates and a housing bubble.

[amatias15]

You said: "The market" would in no way buy that amount of toxic assets, unless backed by the government.

So, the market took on all these toxic access BECAUSE they knew they'd get their money back and then some because the government--better yet, taxpayers--would be willing to foot the bill?

YAY, CAPITALISM!!! Let the high rollers do their thing, and if they fuck up, you and I can clean it up. No problem.

Try again, my friend.

[bettertobealive]

Seriously, read.

[amatias15]

I probably read 20 times as much as you do. My career and humanities and social sciences requires it. And I never let my students get away with writing anything that sounds like they talking outta their asses.

I only repeated what you said to see if that made any sense. It didn't. Essentially, you're saying socialism for the banking and finance sector is okay. Meanwhile, blame people who couldn't pay their debt...the killing made off them was justified. No double standard, right?

Read?

[bettertobealive]

". My career and humanities and social sciences requires it"

Enough said...

Try economics next time. You might get a proper job.

[bettertobealive]

Not that i actually believe you have any sort of formal education, but even so, people will just laugh at you when you say you have a "career" in social sciences. On the otherhand, they may feel pity that you have wasted your life.

[amatias15]

Only dumb shits like you would laugh because you'd have no clue what I do. But why would I have to prove anything to you?

In the meantime, I and my kind will take pleasure in educating your kids and grandkids on how to think and reason using facts and a sensibility to history. You and your kind can continue licking Sean Hannity's balls.

[bettertobealive]

I do have a clue, because i hard to learn that illusory bullshit they call "social sciences" to get on an economics course. Now everything I am learning just completely disproves that fantasist nonsense.

"You and your kind can continue licking Sean Hannity's balls"

Real mature, you say your a teacher?

You sound like a polarized and frustrated child to me.

[amatias15]

What do Paul Krugman, Milton Friedman, Adam Smith, Karl Marx, David Ricardo, and company have in common? All economists, right? But all of them engaged in social theory, making them social scientists.

It's interesting that you're commenting on a show clip hosted by another one, political scientist Rachel Maddow.

For further analysis on the economy and the banking fiasco, since you're on youtube anyway, look up William K. Black and Simon Johnson.

Disregard my fool comment. Back to basics.

[amatias15]

(continued) Even Peter Schiff's analysis predicting this mess over 2 years ago is interesting from a somewhat libertarian standpoint. Like him, I agree, that banks should have been left to fail. Although it would've been interesting had Goldman and Merrill been left to bust like Lehman. Still, I disagree that was all the result of too much regulation. Again, check out William Black. There are similarities with the S&L scandal. Only this was worse.

[jscottupton]

Milton Friedman was right.

[jscottupton]

Further proof that government is inefficient and bungling. Yet Rachel Maddow and her commie lib buddies want MORE government.

[Plutonwolf]

The main problem with all of the dereg fanatics and flat taxers is that they offer 19th century solutions for 21st century issues. Face it, things evolve, the world is more complex now and we are no longer an agrarian society. I know RPs solutions resonate and really feel like they should work, but they won't.

As to his "predicting" the collapse, he wasn't the only one, a blind man with gloves on saw this coming.

[Mahoivlich]

unless the cap is retroactive it is bs

[burningstar2112]

I got an idea, how about we don't give them the bailout in the first place? You give banks free money and expect them to be reponsible with it?

[Zakdayak]

Oh Rachel Rachel....Let me be your David Crosby...

[gauharjk]

Krugman is an idiot.

Our problem is hat we have borrowed and spent to much money. Krugman's plan is to borrow and spend even more... How's that going to solve the core problem?

[chumashfalcon]

yeah guahar, you know better than our nations top economist, and nobel prize winner. Sure... right...

[burningstar2112]

This is the problem with our country today, you think that politicians are smarter than us.

[johnedwards1968]

The problem is that politicians SHOULD be smarter than us. Idiots keep getting elected, and surprise Surprise, they screw things up. Voters need to stop voting on "feelings". I don't care if you wanted to have a beer with W. The man was a moron, and a failure at EVERY enterprise he attempted.

[specultr]

He's not a politician. And, yes, even without knowing you, Krugman is much smarter than you as evidenced by your syntax.

[really12345]

Yes, because your intelligence is determined by how you construct a sentence.

[gauharjk]

Wow... this place is full of keynesians like krugman who brought this problem in the first place...

Search for "Peter Schiff" and look at his advice...

Search for "Ron Paul" and look at his advice.

These are people who had predicted all this mess, way before fakers like krugman could.

Go to watch?v=U9Mo3WcCgPg&feature=ch­annel

[dejuanny]

If you want to tout nobel prize winners, then go read the works of Freiderich von Hayek or Milton Friedman. Then talk. Don't take Krugman's word for gold because there are plenty of better economists that consider him a fraud.

[betterpresident09]

Milton Friedman economics has been the fraud and the results have come into fruition.

[gauharjk]

That shitty economist paul krugman is fake. Google Adam Smith, Ron Paul, Lew Rockwell, Mises, Murray Rothbard

[pretorious700]

@chumashfalcon Let's all hold hands, get in line and follow Paul Krugman, Obama, and Ben Bernanke into the sea. You poor simple sheep.

[gauharjk]

LOL... I don't believe people are so dumb that my comment was buried. They want to do more of the same... No freaking idea of what real economics is...

I wonder how these fake academics kike krugman got a noble. This is mass stupidity...

[saully1966]

Yeah, let's keep giving tax breaks to the rich in the hope that it will trickle down! Get real! Reagan fucked this country and history will prove it so! Pull your head out of his dead ass and start thinking clearly!

[gauharjk]

Before accusing me of anything, first learn economics. Google "Adam Smith" or go to mises(dot)org

You cannot solve the problem of too much debt by spending more money. Its just a bandaid.. nothing more than that.

We need to improve productivity in order to really make a difference.

[specultr]

"You cannot solve the problem of too much debt by spending more money."

@gauharjk: No one is trying to solve the debt problem. Where did you get this misconception? America's debt is about 65% of GNP. It was 150% after WW2 in 1945. That spending is what got us out the Depression, as spending is stimulative. Likewise, we need to increase aggregate demand to replace lost consumption and business investment. AD=C+I+G+NX. Econ 101.

[JasonQLD]

gauharjk

No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. - Adam Smith

Google "Adam Smith's Soft Side" - he was not the right-wing free-market economist that conservatives think he was.

[gauharjk]

So, how do you make sure society flourishes? But taking from the preductive and giving to the unproductive, or is it by creating free market conditions where anyone smart enough can win big time. That should be the culture of the country Hard work and patience, instead of waiting for government to fix problems for them..

[laurasIs2c]

Ok, lets pretend for a while that the US doesn't already have productivity that has consistently improved, lets pretend that the increased GNP didn't go to the top %1 percent of the population by %87, lets pretend that the overall income of the middle class hasn't decreased by %20, because most of the labor jobs go across boarders where people are paid .10/dollar. What jobs do you honestly think are out there? When GM through out the electric car the fish stinks from the head down!