Latest nonsense fromKrugman

Nonsense?

  • Complete nonsense

    Votes: 9 56.3%
  • Mostly nonsense

    Votes: 1 6.3%
  • Useful

    Votes: 6 37.5%

  • Total voters
    16
You don't know what you're saying. Please stop with the faith-based economics.
Market economics is a proven reality even if politicians and economists would like too obscure the reality They think they are smarter and more capable than free markets. History has not only shown them to be wrong but that they have a seemingly uncanny ability to create problems and then to worsen them through interventionist policies.
 
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The fact that they gave Krugman a Nobel was the end of the modern notion that the award has any credibility remaining.
Remember Krugman is laughing all the way to the bank, which proves he may not be a good economist, but he is a great salesman.
 
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With one word you gave the reason that the US and EU is a financial mess. The word is public. In a capitalist system those infrastructures would be created and maintained by private companies.
Have you ever heard of the role of public goods and the free loader dilemma lol? Point me to one country that has an effective private infrastructure system.
 
Market economics is a proven reality even if politicians and economists would like too obscure the reality They think they are smarter and more capable than free markets. History has not only shown them to be wrong but that they have a seemingly uncanny ability to create problems and then to worsen them through interventionist policies.

History shows literally the opposite. Today's conservatives are blinded by abstract principles with no empirical basis. Krugman may get some things wrong but he is right most of the time.
 
And what, exactly, are your economic credentials and solution to current economic circumstances?
I love the obsession with "credentials"....as if Krugman and others who couldn't have been more wrong haven't made that laughable. I actually thought about getting a Ph.D. in economics when I was younger. But I realized they had an inferiority complex and tried to make it like branch of math or physics. Talk about square pegs and round holes.
 
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