Paul Krugman On Niall Ferguson

[15Arigold]

Ferguson's main idea is that Keynesian is not the solution in this case, and with a 1.8T deficit and 15T in debt where we are, it's hard to argue that this can continue. If you want to follow Krugman down this path goodluck and learn mandarin

[JoeBrenn]

Ah, it's nice to see Krugman so glib while Keynesian economics drives the world's governments into massive deficits, and then continues to prescribe yet more spending to get the governments out of the mess...

[profd65]

@JoeBrenn

Dude, fuck off. It's you Republican chimps that sank the economy. Cut taxes on the super rich, deregulate Wall Street and turn it into the Wild West, and wage two unnecessary, multi-trillion dollar wars--yea that worked fucking great, didn't it?

YOUR ideas FAILED. You need to learn some humility.

[natashaardiani]

Krugman should be thankful there is people like Niall Ferguson around from keeping history from repeating itself but it's totally up to government and decision makers to listen or not while he can just stand on the side bench and tell everyone, "I told you so."

[82goggles]

@natashaardiani Ferguson's a hack, plain and simple.

[bcfsl]

And where is Krugman now?....

[wworldp]

@bcfsl Woodrow Wilson School at Princeton.

[willsmc10]

Focus on your mathematics and numbers while ignoring people, trends, and above all HISTORY and at the end of the day Niall Ferguson will simply say, "I told ya so..." Yeah, I guess the Senior Research Fellow of Oxford University does not know a single thing huh? Oh wait...

[fxnooodle]

Krugman, you should have said "he does not understand KEYNESIAN economics 101".

[nhwapshott]

Please note that my book Keynes Hayek: The Clash That Shaped Modern Economics is published by W.W.Norton in October.

Professor John B.Taylor says that: “Nicholas Wapshott brings the Keynes-Hayek fight of the 20th century back to life, making the clash both entertaining and highly relevant for understanding economic crises of the 21st century.”

Read an extract at: sites.google.com/site/wapshott­keyneshayek/

Nicholas Wapshott

[phantomsuccour]

yeah if all economists agreed with each other, we wouldn't need to have debates would we? I'm not at all surprised that the conservative Nial Ferguson is attacking the liberal Paul Krugman, economists of different persuasions have been at each others throats since time began.

[Boazhorribilis]

That was just silly .

But he is a silly man.

[truthslap]

Why are there more idiots on this page than economists and students? Where are the Krugman supporters? Why don't you fools and children go watch your Niall Ferguson lectures instead?

[lacolinatx]

This guy in an expert in every field, just ask him, why won't you listen

[dadoody]

Ferguson's much more insightful.

[thesparitan]

@dadoody Wow lol, That is just amazing to me sense ferguson knows less then economist did in 1920. I guess his snide nature and his simplistic thinking is easy for you people to understand.

[sadhaklal]

Krugman is the best...

[stopstickers]

@sadhaklal ...at proposing unsustainable keynesian economics.

[bush1tman]

As long as you preach to the choir you're a genius! And this choir lives somewhere on the moon.

[uspatriotgear]

Economics, in practice, has little to do with mathematics, and mostly to do with psychology. Nonsense?

[tigerone1970]

It is truly an indictment of economics, when you can say about a professor, "He doesn't understand macro economics 101" - and be right.

Economists seem to be continuously misinterpreting complex systems and complex interactions. Preferrably using very simple mathematics.

[kinggagkk]

@tigerone1970 Macro 101 is pretty simple mathematics. Pretty simple arithmetic actually. And Ferguson doesn't understand it, or declines to use it, preferring instead some kind of nonsense.

[bonfirejovi]

@kinggagkk Nonsense... like financial history? Models have been proven miserably wrong in the past such as Paul Samuelson's adaptation of the phillips curve and Eugene Fama's EMH. According to Robert Barro, Krugman isn't even using the correct multipliers.

[tubub]

I laugh at Krugman all the time.