Why I Don't Like Paul Krugman

He's wrong. He's been wrong and he still is.

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[oiuoiu988]

i agree with a ton of what you say, and i totally respect your right to say it. i kinda wish you'd leave the doomsday predictions to the alex jones nut's or just put it on a different channel. predicting doomsday and advocating long term solutions to human prosperity dont mix well.

[TeaParty2012]

@oiuoiu988 How about this. How about you create your own channel and do what the **** you want on it? How about that?

[mongoose704]

@Kilzoful So is Obama. So much for the credibility of a Nobel Prize.

[ask230]

So basically Krugman favors a sentimental approach. Unfortunately, being sentimental comes at the price of economic efficiency. That is, efficient growth.

[ask230]

Krugman wants to even people's incomes. He always complains that incomes became more even between 1939 to 1945 & stayed that way till 1980. & the gap btw rich & poor has widened since 1980. PK complains about this constantly. On top of this he is a big supporter of Keynes. The person he ignores is Friedman, who was all about cold economic efficiency. He believed minimum wage and govt programs were against efficiency. And he was right. These programs are moral BUT ALSO inefficient.

[ask230]

I also hate Krugman. But you're wrong as to his motives. It's not that he doesn't want to help people (& only wants to grow government). In fact it's the opposite, he is overly concerned w/ evening the incomes of individual Americans. The problem is that he is a Keynesian. Many people who dislike Krugman are more inline w/ Milton Friedman -- & most economists wouldn't disagree with the idea that Friedman's ideas were an IMPROVEMENT on Keynes' idea. Basically, you're wrong about PKs motivations.

[Ishpeck]

Can we start another government eugenics program? It'd be great to have Krugman sterilized. 

[joebliss187]

Do you have any statistics or evidence for why you think your economic policies would be better for the economy than Krugman's? Or just that they're not the same as your ideas? You can't just say that suspending the income tax is better for the economy than a stimulus without any support for that statement.

[AcolyteAbyss]

@FatLibertarianInOkc Government borrowing removes idle money from the economy, since there is a high demand for safe assets. What makes you think that paying down debt will help us out of the Great Recession? Ireland and the UK are attempting austerity, and it is not going very well. We are losing $1 trillion in potential output each year this recession continues. What model do you base your beliefs upon? Mine can be backed up by basic supply and demand laws. Yours', I am betting, are made up.

[FatLibertarianInOkc]

@AcolyteAbyss I'm sure paying off debt won't allow them to spend more in the future and stimulate the economy, right? When government spends money it steals it and that money is then removed from somewhere else in the economy. Perhaps society NEEDS to save and PAY DOWN debt for awhile and PERHAPS our inability to do that is WHY WE HAVE SO MUCH FUCKING DEBT, both the government and individually? Your economics 101 is pretty fucking stupid.

[AcolyteAbyss]

Read Economics 101. Government spending has a greater effect than an income tax cut because all the money is spent. If you cut all income tax, much of that will be saved, and you have a smaller effect. A millionaire is less likely to spend his 250,000 tax cut. Milton Friedman also warned that temporary tax cuts are not usually consumed, but saved or used to pay off debts. Learn something about economics, before you make a moronic comment.

[cabgt]

@bonfirejovi You'd be forgiven for thinking he's a "kiddy fiddler"

[cabgt]

@mongoose704 As a free marketer, i disagree that there should be some who receive more tax cuts than others. I especially believe that we should not tax those who create the most wealth - wealthy! People forget that in order to consume, we must first produce and economic growth comes from savings!