friday
Well-known member
- Joined
- Apr 28, 2007
- Messages
- 801
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- Location
- Florida
- Gender
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- Political Leaning
- Very Conservative
from cpwill
His opinion seemed to matter a great deal to the Nobel Committee who awarded him the Prize for Economics. That carries a bit of weight.
What, a nobel prize? Considering some of the other recepients include Yasser Arafat and Al Gore, I'm not impressed. Krugman is a Keynesian idiot. Nevermind his politics, he is just plain a poor economist. He thinks if you borrow enough and give it to the government to spend on revolving door jobs and pork projects you can spend your way out of a recession. He is technically correct, but it is unstustainable and false. It's like borrowing a million dollars so that you can say you're a millionaire. It certainly doesn't provide for a growing economy.