Interview with Paul Krugman, 2008 Economics Prize
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@spol07 Why don't you look @ Peter's incompetence in the past. Try looking up "Peter Schiff was wrong", and watch those videos, dumbshit.
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@Epic878787 Fuck off, Schifftard. Krugman is a genius.
Keynesianism is what alleviated the impact of the Great Depression. Go research FDR's New Deal.
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seriously, am i the only one who can literally see two completely different face structures? his upper head looks so different that its southern part, wtf.
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This guy looks looks like he suffers from terrible anxiety
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It's too bad that Krugman became the opposite of those scientists who saved the world. He became a scientist who perpetuates Keynesian fallacies and a dangerous socialist ideology. So, despite the Nobel Prize and praise from the media, Krugman is nothing more than a propagandist!
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If he was not a jew he wouldn't be that famous.
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Money creation is a two edged sword; without it, progress would be severely impaired because people could not spend money that doesn't exist. However, with money creation comes inflation. The Federal Reserve (which is neither federal, or a reserve) has done everything in it's power to keep commodity prices low to hide inflation. The chickens are about to come home to roost with shortages and exploding prices. The fed has also robbed millions of hard working savers through devaluation of cash
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If we had free markets, things would regulate themselves and would lessen the extent of the bubbles. For instance, if we had futures markets that were designed so that anyone who buys a contract on a commodity actually had to take delivery, and visa versa, a seller actually had to deliver the commodity instead of cash, the prices would not be distorted as they are. Food prices would go up, and in response, more people would become farmers and grow more food. Massive food shortages are coming.
"I was an avid science fiction reader..."
No wonder he took so completely to Keynesianism.
Epic878787 2 years ago 7
Peter Schiff was right, is right and will be right because he understands the very BASIC economics that Paul never will.
spol07 2 years ago 3