Paul Krugman economics: Deny, deny, deny!

[Tsing Tao]

Quote from tomdavis:

One day Paul Krugman was standing on the observation deck of a 100-story building. All of a sudden, he grabs the guy standing next to him and leaps off the building, taking the other guy with him.

Krugman is serene as can be, but the guy he pulled over with him is screaming hysterically as they plummet toward the concrete sidewalk below. As they fall past the 50th floor, Krugman calmly says to the guy, "See, I told you there was nothing to worry about."

Brilliant!

 

[Tsing Tao]

Quote from Ricter:




"Volcker said the current policies Fed officials’ put in place are “OK at the moment” because there’s “no inflationary problem at the moment,

I think anyone shopping in a grocery store or buying gas will see this for the bullshit it really is.

 

[Max E.]

Quote from tomdavis:

One day Paul Krugman was standing on the observation deck of a 100-story building. All of a sudden, he grabs the guy standing next to him and leaps off the building, taking the other guy with him.

Krugman is serene as can be, but the guy he pulled over with him is screaming hysterically as they plummet toward the concrete sidewalk below. As they fall past the 50th floor, Krugman calmly says to the guy, "See, I told you there was nothing to worry about."

 

[Ricter]

Quote from Tsing Tao:

I think anyone shopping in a grocery store or buying gas will see this for the bullshit it really is.

Neither of those are the Fed's fault.

 

[Max E.]

Quote from Ricter:

Neither of those are the Fed's fault.

Your right, the fed has a magic wand where Bernanke can selectively cause inflation only on the things he chooses.

 

[Ricter]

Quote from Max E. Pad:

Your right, the fed has a magic wand where Bernanke can selectively cause inflation only on the things he chooses.

And you're wrong. Other factors besides money supply can cause price changes.

 

[Max E.]

Quote from Ricter:

And you're wrong. Other factors besides money supply can cause price changes.

Must be too much demand in this blistering zero growth economy we got going.

 

[Ricter]

Quote from Max E. Pad:

Must be too much demand in this blistering zero growth economy we got going.

Zero growth for you.

 

[Max E.]

Quote from Ricter:

Zero growth for you.

Last quarters GDP growth 0.1%

My accounts growing just fine thank you.

 

[Ricter]

Quote from Max E. Pad:

Last quarters GDP growth 0.1%

And that's why there's no inflation.