Sen. Ben Nelson: Who the hell is Paul Krugman, and what does he know about economics?
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Yes, Paul Krugman won a Nobel Prize for economics. Not really surprising that a Keynesian with a column would win a Nobel Prize. By the way, he suggested the housing bubble in 2002. Thought it was a good idea. He thought the stimulus was a good idea, did it work? But he's politically agreeable, and never called on the carpet for his continuous errors.
His mentor suggested that the Soviets would overtake the US economically. Maybe that will happen soon. He won a Nobel Prize too.
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@TheKevinWalker I have no opinions of the others you mention. As far as the Nobel prize, it lost it's significance when it was given to Obama and Krugman.
Krugman is NOT a free trade supporter. Free trade means government doesn't interfere with commerce. Krugman believes in government intervention, which goes 180 degrees against free trade!
Krugman WANTED a housing bubble and then AFTER it's created, he points the blame elsewhere. Yes, the Fed did lower the rates, but KRUGMAN supported it!
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@jjenson2006 So no, I don't think eitehr of us have the position to simply regard teh awarders of the Nobel Prize or the John Bates Clark medal as "clueless assholes", as you put it.
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I also would not dismiss the awarders of the John Bates Clark award, rewarded to economists under 40 who made significant contributions to the Science: also, I find this noteworthy, all of Krugman's awards (including the Nobel) have been based on his contribution to trade theory, and he remains a staunch free-trade supporter, which is actually a very conservative cause. I, a Social Democrat, also support it, but it's still a mostly conservative or Libertarian opinion to hold.
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@jjenson2006 Well I was thinking specifically of the Nobel Prize people, which was once awarded to none other than lifelong Keynes rival Friedrich von Hayek for "[his] penetrating analysis of the interdependence of economic, social and institutional phenomena.", which, as I read it, means that he was awarded the Nobel Prize for "The Road to Serfdom", so I wouldn't dismiss them outright, if I held what I presume to be your opinions on economics.
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@TheKevinWalker Respected and rewarded by clueless assholes!
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Wicked stupid is more like it!
blog. mises. org/10153/krugman-did-cause-th
e-housing-bubble/ -
Paul Krugman was a former top advisor to Enron... he's like wicked smart.
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Not once does he say "Who the hell is Paul Krugman, and what does he know about economics"
Why post this?
Eagles1978 3 years ago 30
Career do nothing politicians, your days are numbered.
countess1900 3 years ago 6