What does a communist do In the midst of the disastrous obamacare rollout?

Quote from Lucrum:

Because Krugman has a Nobel Prize?
So does Obongo, yet it doesn't mean shit now does it?
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No, because he is an economist. (It is actually the Nobel Memorial Prize in Economics. There is no Nobel prize in economics. Some influential economists talked a bank -- in Iceland I think -- into funding a prize for them, and somehow they got the academy to go along. Probably Friedman was involved. (Please forget I said that, it was nasty and uncalled for.) :D
 
Quote from piezoe:

No, because he is an economist. (It is actually the Nobel Memorial Prize in Economics. There is no Nobel prize in economics. Some influential economists talked a bank -- in Iceland I think -- into funding a prize for them, and somehow they got the academy to go along. Probably Friedman was involved. (Please forget I said that, it was nasty and uncalled for.) :D
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And Alan Greenspan is/was an economist as well, but that hasn't stopped you from calling him a disaster (rightfully so, I might add)...

Let's not forget that Krugger was right there in 2002 arguing in favor of creating a new asset bubble (in housing) to offset the deflating tech bubble. In your typical partisan fashion, you've called out Greenspan for his involvement in fostering the disastrous housing bubble, yet you continue to defend Krugger at every turn.

Sorry, you can't have it both ways.
 
Quote from Maverick74:

I've had a theory for some time now that the world is going to do to us what we did to the Soviet Union. The cold war bankrupted the soviet union and by default ended communism there. I think the world sees us as a greedy obese child with blood sugar levels through the roof. And debt is our sugar. They will continue to lend and lend and lend (feed and feed and feed) until we have a diabetic meltdown. I think the world wants to see us implode. They can't take the US down militarily, but they can entice us to destroy ourselves. They provide the sugar and we simply ask for more. It's absolutely genius. And I think it will work. And the left in this country who hates everything the US stands for is quietly playing along and cheering against the home team. Just a theory...
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Very good analogy! And yes, the left is ABSOLUTELY cheering AGAINST their own country, reviling every time traditional America is harmed. I've said for years that liberals are MUCH more dangerous to America than any other enemy on the globe.
 
Quote from denner:

And Alan Greenspan is/was an economist as well, but that hasn't stopped you from calling him a disaster (rightfully so, I might add)...

Let's not forget that Krugger was right there in 2002 arguing in favor of creating a new asset bubble (in housing) to offset the deflating tech bubble. In your typical partisan fashion, you've called out Greenspan for his involvement in fostering the disastrous housing bubble, yet you continue to defend Krugger at every turn.

Sorry, you can't have it both ways.
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Piezoe is evidence that leftists are mentally challenged. Us with common sense (traditional Americans), point out when dems and repubs screw up. Leftist can find no wrong doing in their beloved dems no matter how terrible the dem is. That's a mental problem lock, stock, and barrel.
 
Quote from LEAPup:

Piezoe is evidence that leftists are mentally challenged. Us with common sense (traditional Americans), point out when dems and repubs screw up. Leftist can find no wrong doing in their beloved dems no matter how terrible the dem is. That's a mental problem lock, stock, and barrel.
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I know one. She will admit to that! It's not that much different with Republicans though. Somebody's politics tell me more about their MBTI type than anything else.
 
Quote from Ricter:

Why would they (being mostly us, until another Reagan comes along) stop lending to us in a future where IRs are 5%+, when they're lending to us today where the real rate of return is low to negative?

Definitely agree with you on the latter. It's important to not let debt/GDP rise too high. Acknowledging that where "too high" begins is not known with certainty.

Edit: btw, my "the debt will never come due" was not intended to be taken literally, but was intended to be a "gross oversimplification" response to jem's gross oversimplification. :D
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No way we could tolerate "5%+ interest rates". The interest on debt will be absurd.
 
Quote from Tsing Tao:

It's not all that hard to know more about economics than Krugman. The man has said some of the dumbest things I've ever heard from mainstream economists, then gotten called out on it and thrown a tantrum.
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Exactly. He is a "hack" in every sense of the word.
 
Quote from Tsing Tao:

No way we could tolerate "5%+ interest rates". The interest on debt will be absurd.
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Is that dumbass Ricter still implying that there is "overwhelming" foreign interest in our yield starved debt?

Seriously, that canard was put to rest more than 3 years ago...and does he have sober explanation for the 85bil a month that they "assured" would be tapered like tomorrow, um, maybe next week, month...for sure in a few years.
 
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