TimesTalks: Paul Krugman: Why Bailouts are Inevitable

Less than 48 hours after Lehman Brothers was allowed to fail, the U.S. was staring into the abyss. Nobel Prize laureate Paul Krugman explains where we go from here.

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• American debt
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[higarmi]

@JohnGaltSpeaking1981 They listen to him because he knows his subject. You may disagree with him about some issues, but in general you can not fail to see that he has a deep analytical mind. After studying the Austrian School for some years, I realize now that it is more of an ideology than a true School of economics. And NO, it is not Keynesian Economics that brought us this trouble. Keynesian economics application basically stopped with Reagan.

[tigerone1970]

"When life hands you Lehman's, make Lehmanade".

That could have been - when life hands Goldman Sachs Lehman's, Goldman Sachs will make Lehmanade.

Paulson was from Goldman Sachs. Timothy Geithner is from Goldman Sachs.

Coincidence?

[islandmuffin]

@dontliethetruth The economically ignorant, like Krugman, debate about fecal matter instead of their heads.

Show us empirical proof that Keynesian economics has worked ever, or pull your “socialism on demand” hands out of your deficit expanding arses.

Krugman + coprolites = Keynesian failure

[dontliethetruth]

@islandmuffin you can shove your "study". dont you think we know that Econ Journal Watch is a libertarian/hack publication by the right wing think tank Atlas Economic Research Foundation whose president said in the late 80s "our mission is to litter the world with free-market think-tanks."

i'm rather wiping my ass with your "study" and focus on real economic debate.

[DorianGrayism]

@higarmi

It is not because they cannot. It is because they refuse to do so.

[tigerone1970]

@number41fool

Kissenger Associates. The same mr. Kissinger who has the bin Laden's as clients.

I feel so much better now.

[number41fool]

@tigerone1970 Geithner is not from Goldman Sachs. He worked for Kissenger Associates for 3 years and after that he's served in public office ever since. Get your facts straight before making ignorant comments

[islandmuffin]

Study finds Paul Krugman is the most partisan economist. Krugman was the only economist to "significantly" change his stances for partisan reasons. Krugman has even gone so far as to contradict his own findings to bash Republican politicians. - Brett Barkley, Econ Journal Watch, May 2010

[islandmuffin]

@NotWillieMason Study finds Paul Krugman is the most partisan economist. Krugman was the only economist to "significantly" change his stances for partisan reasons. Krugman has even gone so far as to contradict his own findings to bash Republican politicians. - Brett Barkley, Econ Journal Watch, May 2010

[Elim4ne]

When life hands you Lehman (lemons) makes Lemonade (Lehman aid) :)

[TimeWarp66]

Paul Krugman is an idiot.