Paul Krugman to Save the World from Imaginary Alien Invasion!
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Uploaded by NicosMind on Aug 17, 2011
Excerpts from Peter Schiff's radio show.
The Peter Schiff Show - (8/15/2011)
http://www.SchiffRadio.com
Follow Peter's Twitter @SchiffRadio
Fan Peter's Facebook at www.facebook.com/PeterSchiff
If there were a Nobel Prize for stupidity Krugman would win it hands down.
Paul Krugman comparing the 101billion 1940 gdp number with the 250billion borrowed throughout the war to make it look like a 250% "stimulus". However the GDP in 1945 was $223 billion meaning debt was 116%
http://gonzalolira.blogspot.com/2010/09/why-paul-krugman-is-imbecileor-fraud....
Keep up with Jim Rogers latest project to create a system that will hold politicians feet to the fire, and to put shackles on lobbiers so that they can no longer control the system. One day we might have a system that controled by the people and is for the people
http://www.govathome.com/
john maynard keynes monetarist milton friedman paul samulson new york times IS-LM philips curve crisis long term capital management nasdaq .com bubble housing boom george bush bill clinton glass steagall act 9/11 fannie mae freddie mac tech bubble
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@Pixiesforever7 brainwashed by keynsianism much? Krugman clearly said that a fake economy is good. i guess thats why he also advised for a housing bubble. nevermind that bubbles eventually pop and leave behind an even bigger depression.
TWSceptic 1 month ago
@pixiesforever
For an interesting counter point to your perspective check out the "broken window fallacy".
matto29 3 months ago
Firstly, obviously Paul Krugman was speaking tongue in cheek so don't even pretend you think he was speaking literally.
Secondly, Schiff even shows his understanding of Krugman's metaphor for stimulus at the end by pointing out that if aliens destroyed everything it would necessitate a stimulus to rebuild everything. That's what Krugman was saying!!!
Pixiesforever7 4 months ago
Wannabe 'El Rushmo' neocon prophylactic.
vladdrac88 5 months ago
That's too funny.
punktillidie27 6 months ago