Krugman is Starting to Make More Sense

[oldtime]

Quote from McFadden5252:

Krugman is a complete fool. Some of his books and writing are historically incorrect and completely politically driven. I don't trust his word on economics at all. Only statement I will make is that our society has moved from individualism towards collectivism. When we were working hard to be the number one nation everyone had shit jobs. Next thing you know the middle class was born and it was a great achievement. After the hard work, we got the reward. After that, we gave up the hard work and allowed other countries to produce everything. We partied for a long time and eventually realized we had no money left and started to complain. Who is emerging the largest middle class now? China is. They are beginning to move into better residencys and purchase cars and other goods with straight cash. They are still working shit jobs for shit pay but they soon will eventually reep the benefits. Going from production of goods to all out consumption is inevitable in human nature. Regardless of everything, it truly still is a banking problem left unfixed. Peter Schiff 2016!

I think what you are missing is timing

wouldn't it be nice if we could all just sit in an ivory tower and plan things out so they would be sustainable for all time?

and that might actually be possible if our ancestors never committed any financial sins

but you know, Karma

it's one thing to repent from your sins, it's another to make restitution

I have a bumper sticker on my Subaru

"Chinese Are People Too"

 

[oldtime]

the thing is, when you hear the crap coming out of the republican party today, and the non crap coming out of the brain dead democrats

Krugman is the only one who has a plan that makes sense to a risk taking trader

you can either run this country like you are running your family budget

or you can run it like it is your business

I know for me myself and I, I have taken some risks in my business that I would have not taken in the family budget

at least he has a plan

create jobs now, even if the government has to borrow money to do it

lower taxes, especially the payroll tax

grease up the economy, get it rolling,

then raise taxes and become a deficit hawk

and that is just to get us back to square one where we should already be

by then, medicare will be a true crisis that even the democrats can't ignore

but at least by then we (hopefully, if nothing goes wrong) will be fighting it from a point of strength.

It's a gamble, but it's a plan

you got a better idea?

Let me guess, just let everybody that is unproductive and poor die off

That's how I do it in trading

if you aint performing, you get closed out, no mercy