Dollar, Paul Krugman

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[runinamok93]

Krugman runs and hides any time an Austrian challenges him to debate, then criticizes them in his NY Times columns... what a hack

[machwon]

Why give up his Nobel prize? When Hayek won the Nobel Prize for The Austrian Business cycle, that same year they gave one to socialist Gunnar Myrdal. The year before they gave one to Milton Friedman they have one to Soviet economist Leonid Kantorovich. Go down the list and it's full of socialist and communist 'economists' If anything, Hayek should of given it up because it's a bullshit prize. In fact he was skeptical of even going to Sweden to accept it. Krugman is in good company. 

[runinamok93]

@gnomechomskylives I'm well aware of SchittReport - you're talking about those videos where your comments get deleted if they challenge the host's positions right?

And Schiff was predicting the catastrophe before it actually happened, isn't that what economists are supposed to do? Please show me the video where Krugman predicts the financial crisis of 2008.

[gnomechomskylives]

@runinamok93 Asking Krugman to debate Schiff is like asking Tony Bennett to duet with William Hung. Krugman has been lucid in his analysis while Schiff has been an unprincipled doomsayer, predicting catastrophe year-after-year in order to profit off the hysteria he foments. He has been consistently wrong and merely parrots the same, tired talking points that benefit only the ultrawealthy. Wanna see a real hack? Check out SchittReport to see his greatest epic fails.

[TheManiacalSatanist6]

LOL at the Keynesians who think that Treasury Rates aren't going to go up. The Fed is keeping them low for now, but they can't do that forever. Eventually, rates WILL go up because the Fed can't keep them down forever and foreigners aren't going to keep buying our toxic bonds. Gold is currently trading at around $1,664 per ouce, about $100 higher than the low that it hit when it started declining. The Keynesians said that Gold would keep going down.

Whatever, morons.

[TheManiacalSatanist6]

@jlouise50 watch?v=jSSPg0f_ezo

[bobby4500]

@spencejordan

what is wrong with you?

lets say gold will be above 2000$ in 2013

deal or no deal?

[spencejordan]

@bobby4500 Using that logic, I can argue that anything will reach any amount of money eventually. Hey, did you know that the median house will cost over $1 million in 2312? It's crazy! Buy now!

[bobby4500]

@spencejordan

? you know that we are talking about 2012 2013 2014 2015 right? i dont really care if gold today or tomorrow

in two years i'll wright you a nice message

[spencejordan]

@TWSceptic Well gold is, of course, going to eventually reach $2000. It's a simple matter of time. People bought into gold out of fear. Now that the economy is picking up, the price of gold will slowly diminish back to its "real" price. So the price of gold in the short run rests with economic conditions. If the economy improves (which it should), the price of gold goes down; if it doesn't, vice versa. But the real talk is on interest rates, and as I said, they keep going down.

[spencejordan]

@TWSceptic Listen, kid, he may have predicted the housing bubble, but so did my guy (Krugman). It's not some exclusively Austrian idea. Where our differences rest is in modelling. Krugman and other Keynesians use models to base our predictions. This past recession, for instance, calls for the Mundell-Fleming model. And according to it, while the economy is depressed interest rates will not rise. Schiff has been predicting a rise in interest rates, and it hasn't happened. Period.

[TWSceptic]

@spencejordan You know the difference between a correction and a trend? You know the difference between economic fundamentals and short term changes? For your own good I recommend educating yourself some more. You can quote me again if by the end of 2012 the trend has changed to bear market.