Hardball: Paul Krugman on the Needed Stimulus Package
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you would have thought Chris Matthews would have learned something from this.
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How many times can one man be wrong.
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The problem with the stimulus was that it was badly designed-sure it saved jobs but mostly for upper middle class people who were politically connected instead of the working poor who have been suffering more than other groups.
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Pumping money from a printing press into a fiat/ fractional reserve system is no longer viable way to grow an economy. The market is telling people to save and you are inflating the dollar thus making it harder to save. Can anyone make sense of it? Two thirds of the consumer base is broke and you are handing bailouts bankrupted companies on the dime of broke people? Keynesian economic theories are fundamentally flawed. To get out of debt with more debt policies are beyond moronic. Paul sux.
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@DeRocco21 so ? which ones better suited to solve for todays crisis?
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@islandmuffin The peer-reviewed research was published in May 2010 issue of the Econ Journal Watch (EJW), edited by Daniel B. Klein.
Seven Nobel laureates are members of the EJW Advisory Council.
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Yeah. Though I think Matthews like to provoke sometimes. But Lord Krugman cannot be provoked!
Slimdawgc 3 years ago 4
except when he says hilarious shit like obama giving him a feeling up his leg
osiris2669 3 years ago 3