Paul Krugman economics: Deny, deny, deny!

[denner]

Quote from PHOENIX TRADING:

Quite frankly all of that is some pretty stupid shit.

but please do explain how govt finances differ from my checking account.


I mean I've heard dumbasses say it often before but none have been willing to detail how this supposedly works.

Piezoe is another useful idiot. What were the "massaged" GDP numbers in the Q4 2012? Even Piezoe is willing to cite the John Williams "Shadow Stats" figures that calculate the real inflation rate and yet when it comes to supporting this broken ideology of a centrally planned economy, he'll willfully throw all of those numbers out the window.

We have an economy that cannot generate any meaningful growth. Wages are declining and the food stamp rolls are about to do a doubling in very short order. The standard of living is declining, the cost of living is going exponential and the only thing we have to show for it is some worthless stock market index that the central planners can either directly or indirectly influence (take your pick) to convince that the "economy is recovering".

It's so utterly predictable that we still have groups of morons that still confuse the price of the S&P 500 with the health of the economy.

 

[PHOENIX TRADING]

Seriously pie I'm still waiting for you to explain:

"A lot of folks don't understand that government finances don't have to operate the way their checking account does. "



I really want to know. I promise I won't even make fun of you or anyone else who claims this is materially true and has the balls to explain it.

 

[Lucrum]

Quote from denner:

You, Achilles and a few others are about the only ones worth listening to on the topic. Of course, the other websites and blogs that cover this stuff HONESTLY are deemed "conspiratorial" by the morons (yes, willfully ignorant morons), who continue to champion the "Krugman cause".

btw, I'd laugh about the Piezoe comment on the economy doing "so well" if it weren't so ridiculously absurd. The irony is that these guys are self admitted socialists who cheerlead asset inflation, the exact recipe for impoverishing the lower classes that they are supposed to be fighting for. Just more of the complete hypocrisy that we witness on a daily basis.

+ 2.75

 

[Tsing Tao]

Quote from piezoe:

Well thanks for posting that chart, but I am a little confused by it because my chart of the dollar futures (DX) shows the dollar higher in 2012 than in 2008, but your shows it lower in 2012 than in 2008. Did you get that chart from the Republican National headquarters?

Sure, if we zoom in we see that it IS higher. But it's not relevant as the larger trend is down.

You still haven't answered my question on how QE helps the recovery.

 

[Ricter]

Quote from Tsing Tao:



You still haven't answered my question on how QE helps the recovery.

Lol, aren't you claiming QE causes inflation?

 

[Tsing Tao]

Quote from Ricter:

Lol, aren't you claiming QE causes inflation?

Yes.

But he said "QE is essential for the recovery." I'm asking him why he says that. Are you his spokesperson? Would you like to take a crack at it?

If you're agreeing that QE is reflationary, and that this is causing the recovery, come out and say it so we can get into that discussion.

 

[piezoe]

Quote from PHOENIX TRADING:

Quite frankly all of that is some pretty stupid shit.

but please do explain how govt finances differ from my checking account.


I mean I've heard dumbasses say it often before but none have been willing to detail how this supposedly works.

I think you may find the answer you seek by answering this simple question: "Can you create money out of thin air and loan it to yourself to cover overdrafts?"

 

[PHOENIX TRADING]

Quote from piezoe:

I think you may find the answer you seek by answering this simple question: "Can you create money out of thin air and loan it to yourself to cover overdrafts?"

1)Sure I can it's called counterfeiting, now please explain why this is highly illegal and vigorously prosecuted by our govt?

2) Next please explain the difference to the recipients of my counterfeit dollars as opposed to recipients of newly minted federal reserve notes.(assuming of course my counterfeit notes are indistinguishable from the feds)?

thanks in advance , I highly appreciate your stooping to educate a simpleton like myself on such matters of high finance.

 

[Lucrum]

Quote from piezoe:

"Can you create money out of thin air and loan it to yourself to cover overdrafts?"

Isn't that what the fed is doing now?

And you think that's a good thing?

 

[piezoe]

Quote from Lucrum:

Isn't that what the fed is doing now?

And you think that's a good thing?

Yes, and yes, actually I do, depending on the current economic circumstances. I'm writing a long response to Tsing Tao's very good question above, and my position on QE is, I hope, clearly explained in that response. I'll post it below as soon as I finish it.