Paul Krugman on what bankruptcies mean for the economy
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that intro/outro music is really annoying
eatyourownarm 3 months ago
That's a ridiculous point. The rich are richer now than they've ever been. The successful are hugely rewarded and they would continue to be even if we tripled their taxes. Yes, too big to fail isn't right. But that's a separate issue. Bailing out the banks wasn't intended to reward them, it was intended to prevent the suffering of the poor that would come from them failing. You're equating the poor who live off welfare with the rich? That's an absurd argument not based in reality.
jazzgtrplayer 4 months ago
@TheSavvyEconomist Bankrupted cause they had funds in oil/commodities ie tarsands , which have all rallied, Look, every fund manager was down 25% or more in 2008. Take same portfolio from 2008, run though 2011, all commodities nearly doubled. I look up Peter Schiff was wrong all I see is a guy taking some CNBC anchors to school. Try better next time.
GMHGTO 8 months ago
@JinxOz just look up "peter schiff was right"
GMHGTO 10 months ago
@AcolyteAbyss Heres problem with our country, what do we reward? What virtue do we reward in the western world? Success is not one of them. We reward failling businesses, too big to fail, and being poor you can live off the government for an eternity. Why strive to become rich and increase standard of living? The extra tax burdens? Taxes are no the answer to our system.
GMHGTO 10 months ago
@JinxOz People hate Paul Krugman because he is a leftist economist in a right-wing nation that cannot accept that tax-cuts for the wealthy don't magically solve all of our economic woes. Markets cannot regulate themselves, and Krugman pointing this out gets him in a lot of trouble.
AcolyteAbyss 1 year ago
Why anybody would listen to Krugman for economics advice is beyond any intelligent person. It is as legitimate to listen to Krugman about economics as it is to listen to a rapist about morals. How the heck do these people even get the fame they have?
Why is society so hell bent on rewarding social regression, stupidity, what ever is wrong, and whatever is bad?
tothemax01 1 year ago
@JinxOz well he constantly commits economic fallacies. The broken window fallacy is the one he repeats most often. He also promotes the idea that world war 2 ended the great depression. Which is basically saying that enslaving mass numbers of young men and forcing them to fight and die while the people back home are forced to use ration tickets is somehow good for an economy. How you spend your money is important and he doesn't get that.
01134Gareth 1 year ago
Can somebody explain why everybody has negative opinions of this guy. Calling him "retard." I don't know much about economics, but can somebody please explain what all the fuzz is about?
JinxOz 1 year ago
This ought to be good...
*Watches the video*
I wonder who this guy had to sleep with to get his Nobel prize?
PanzerDivisionBOM 1 year ago