Lol, logic fail. A * B = C. Say A is debt, and C is unemployment, A's got a pretty significant part. But for now, as in a single article, we may want to discuss only C's relationship with D. Doesn't mean A is considered trivial.
Is Paul Krugman Leaving Princeton In Quiet Disgrace?
- Thread starter Max E.
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Lol, logic fail. A * B = C. Say A is debt, and C is unemployment, A's got a pretty significant part. But for now, as in a single article, we may want to discuss only C's relationship with D. Doesn't mean A is considered trivial.
Yes, logic fail on your part.
If we're going to make an indirect claim that one is cause for the other without mentioning the impact of the third, then the argument is not valid.
To simply post charts showing Greece, for example, with high unemployment as a result of deflation, you have to talk about debt. Otherwise it is misleading the viewer to think your argument is based on how deflation causes unemployment.
Wow, talk about redirection and obfuscation.
Look, you don't even read Krugman, so don't pretend you know how much importance he does or does not put on debt. The fact is, debt is critical to understanding his entire "balance sheet recession" story.
I'm going from the blog post you quoted. And I've read other articles by Krugman where he makes a particular point and ignores debt. Why does he ignore it? Because he doesn't think it matters all that much. The man is on record for saying that very thing.
As for you saying that debt is critical, I'm glad you've finally come around. He, however, hasn't.
+100
On a social media site I told someone using Krugman as a reference for an argument he was making. That Krugman was a laughing stock here in the US. In typical internet fashion I was called names etc etc.
Finally the guy did a search of his own. Read 1/2 a paragraph, according to him, then came back and said. "You're right, Krugman's an idiot".
Oh, the guy is in Scotland and the ultimate issue was their independence referendum.
Finally the guy did a search of his own. Read 1/2 a paragraph, according to him, then came back and said. "You're right, Krugman's an idiot".
Oh, the guy is in Scotland and the ultimate issue was their independence referendum.
Yes, that Krugman piece was particularly idiotic. Say what you want about the Scots, they'll man up if they were mistaken.
William Jennings Krugman
Editorial of The New York Sun | September 8, 2014
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Paul Krugman’s latest column in his campaign for inflation turns out to be an endorsement of none other than William Jennings Bryan. He was the Nebraska Democrat who ran for president in 1896 on a campaign for the free coinage of silver, meaning for inflation. The Republicans put up William McKinley, who ran from his front porch a campaign for the gold standard and honest money....
more at http://www.nysun.com/editorials/william-jennings-krugman/88833/
Editorial of The New York Sun | September 8, 2014
Print Send Comment SharePaul Krugman’s latest column in his campaign for inflation turns out to be an endorsement of none other than William Jennings Bryan. He was the Nebraska Democrat who ran for president in 1896 on a campaign for the free coinage of silver, meaning for inflation. The Republicans put up William McKinley, who ran from his front porch a campaign for the gold standard and honest money....
more at http://www.nysun.com/editorials/william-jennings-krugman/88833/