The Shortcomings of the Stimulus Plan

Featuring Paul Krugman, Professor, Columnist, and Nobel Prize Winner. Get his take on the Obama stimulus plan and who might be to blame for the economic crisis -- and learn what a "Krugman Plan" would look like.

Category:

People & Blogs

Tags:

• paul
• krugman
• stimulus
• plan
• obama
• economic
• crisis
• harvard
• business
• school
• publishing

[ZHLu]

@kin94285: Well, here is what EVERYBODY KNOWS about YOUR GREAT LEADER(S):

temasekreview . com / 2010/05/28/ dr-mahathir-lee-kuan-yew-is-a-­big-frog-in-a-small-pond

eggplantpost . com / 2010/02/05/ malaysian-pm-najib-accused-of-­molesting-monkey

I however, care about you as much as YOU bother with Tong Kok Wai.

P.S. For those who are curious about the names, search "Tong Kok Wai" with "Count Dracula" -- "C.D." being the DEFINITIVE abbreviation.

[NicosMind]

Krugman is either a fool or a charlatan!! His policies have always caused destruction. His policies are summed up like this. The cure for Keynesian economics is more Keynesian economcis!

"To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble. "

Paul Krugman -- Aug 2002

[NicosMind]

@gnomechomskylives Look up the entire article yourself and youll see that he was advocating for a bubble. But not only was he advocating for a bubble in the article he was also wrong in his prediction that Alan Greenspan would be unable to pull one off!!!

nytimes . com/2002/08/02/ opinion/dubya-s-double-dip.htm­l ? scp=4&sq=krugman %20 mcculley% 20bubble&st=cse

[gnomechomskylives]

@NicosMind Be careful when calling others fools, that you should turn out to be the fool yourself. Paul Krugman has addressed this so-called "economic policy" you claim he advocated. He was actually addressing the problem not advocating for the creation of a bubble: krugman . blogs . nytimes . com /2009/06/17/and-i-was-on-the-g­rassy-knoll-too/

[StroonsGlen]

Interesanto na topic, unsa man gyud diay ang maayong buhaton, para malikayan ning panhitabo sa kalibutan karon?

[katheryncruz24]

Interesting..

[pamelbia2011]

Interesting as it is about the government. It was quite short.

[bauler]

What an idiot! 

[jessemaurais]

So the Dow Jones, S&P, and NASDAQ indicators area all at the levels they were in 2008. Can we stop shitting bricks already?

[Achilles9924]

@rexdeodium Personally I think that saying economics will never be pure science is like saying that psychology will never be pure science. It's definitely not like mathematics but someday, out of all these discussions, research and actual experiments we will be able to resolve these debates. For the time being, I would still advocate a mixed economy.