Why did Paul Krugman get it so wrong?Blackvegetable » 15 Dec 2024, 9:11 am » wrote: ↑ Forgive them, Paul, for they are so **** g'ddammned stupid....The Fraudulence of “Waste, Fraud and Abuse”
In any case, the Grace commission’s failure taught everyone serious about the budget, liberal or conservative, an important lesson: Anyone who proposes saving lots of taxpayer money by eliminating “waste, fraud and abuse” should be ignored, because the very use of the phrase shows that they have no idea what they’re talking about.
https://paulkrugman.substack.com/p/the-fraudulence-of-waste-fraud-and?utm_medium=web&triedRedirect=true
Warning: Promiscuous employment of data sourced from FRED.
Majik » 15 Dec 2024, 9:40 am » wrote: ↑ Why did Paul Krugman get it so wrong?
https://www.google.com/amp/s/www.johnhc ... format=amp
This next one is extra special....
Constantly wrong economist warns of ‘economists who won’t admit they were wrong’
https://www.washingtonexaminer.com/opin ... e_vignette
Paul Krugman: Always Wrong, Never in Doubt
https://www.google.com/amp/s/www.nation ... doubt/amp/
Do you see the pattern, yet......
I've never heard of Brady Leonard..Majik » 15 Dec 2024, 9:40 am » wrote: ↑ Why did Paul Krugman get it so wrong?
https://www.google.com/amp/s/www.johnhc ... format=amp
This next one is extra special....
Constantly wrong economist warns of ‘economists who won’t admit they were wrong’
https://www.washingtonexaminer.com/opin ... e_vignette
Paul Krugman: Always Wrong, Never in Doubt
https://www.google.com/amp/s/www.nation ... doubt/amp/
Do you see the pattern, yet......
You only to choose to hear specific people directing outcomes to your preference reached tomorrow seeking power, wealth, fame teaching hope, faith, and charity, to each generation gap repeating the behaviors of their previous generation gaps lived so far honoring the devil in details of 24/7 being all anyone alive needs to know about daily since dawn of civilization and rule of law was initiated as New World Order every generation gap since commonly eternally separated as genetically here daily.
Oh, he's the dumbest "economist" in history who ignorant libs like BV still think is a valid and reliable source for anything, no matter how many times he's been proven wrong. Dopey libs like him are simply impressed with him because the venerable NY Times gives him a regular audience for his **** simply because it always favors their Keynesian agenda.
There's at least another dozen stories you can find online similar to this one if you're interested.Paul Krugman Is Wrong, Again
The noted economist who suggests that inflation has been brought down painlessly serves as a contrary indicator for this investor.One of my favorite contrarian indicators is Paul Krugman, the noted economist who plies his trade primarily at the New York Times. While all pundits are wrong more often than they would like, when Krugman misses a call, he tends to be spectacularly wrong.
- by Bret Jensen Sep 18, 2023
Back in the 1990s he likened the potential of the emerging Internet on the economy and markets to that of the fax machine. A dozen years ago he urged avoiding Bitcoin when it was trading for south of $10 apiece. He also famously ranted right after the 2016 election that the markets would never recover from Donald Trump being sent to the White House.
Last week, Krugman appeared on CNN where he postulated that the current economy is "surreally good." One of the more striking parts of the interview was the passage below:
"The striking thing, if you look at it, it's not just, you know, the economic data have been surreally good. I mean, even optimists are just stunned by how quickly and how painlessly inflation has come down. You know, no hint of a recession, at least so far, never know, but so far, inflation is not too far from the target of 2 percent and under 3 percent by most measures. And all of that just achieved painlessly."
I guess I should be more forgiving of his ivory tower take on the economy given his extensive academic background. I guess he missed the recent CNBC survey that showed 61% of Americans were living paycheck to paycheck. He might not have had time to read the latest census report showing the inflation-adjusted average income in the country dropped again in 2022 (down 2.3%) for the third straight year. Krugman also seems oblivious that full-time employment fell in each of the past two monthly reports by the Bureau of Labor Statistics, that part-time jobs are surging and a record number of Americans are working at least two jobs to make ends meet thanks to inflation rising by more than 17% since the beginning of 2021.
Krugman should be aware that the monthly leading economic indicators have declined for 16 straight months now, or that the personal savings rate has plunged to 3.5%, a level that hasn't been seen since the aftermath of the Great Financial Crisis. It is possible he doesn't realize that all the excess savings from the Covid pandemic have now been spent and Americans have piled up record amounts of credit card balances and auto loans in order to maintain spending levels.
Krugman hasn't proven anything especially his less than 1 percent ****...Blackvegetable » 15 Dec 2024, 10:00 am » wrote: ↑ Why Master Vegetable ignores Economic Sentiment polls..
Mais, Kruginator, 9..9..9!
Surveys consistently show that the public believes that foreign aid is around 25 percent of federal spending. But self-proclaimed budget experts should be aware that this is completely wrong; the true number is actually less than 1 percent.
ibid.
Ok, kids....does anyone recall Master Vegetable's widely quoted koan?
Sing it!
"These people are so **** g'ddammned stupid!"
Krugman has been riding and capitalizing on his Nobel Prize for far too long ...Zeets2 » 15 Dec 2024, 11:01 am » wrote: ↑ Oh, he's the dumbest "economist" in history who ignorant libs like BV still think is a valid and reliable source for anything, no matter how many times he's been proven wrong. Dopey libs like him are simply impressed with him because the venerable NY Times gives him a regular audience for his **** simply because it always favors their Keynesian agenda.
Here, read this and you'll more than enough about this idiot that will enable you to laugh at such ignorance every time it's uttered from this moron:
There's at least another dozen stories you can find online similar to this one if you're interested.
From the item hyperlinked.Majik » 15 Dec 2024, 11:02 am » wrote: ↑ Krugman hasn't proven anything especially his less than 1 percent ****...
Can You ...
or will you keep playing your little games ....
So Krugman thinks it's a bad idea to try and do something about our $36 trillion debt?Blackvegetable » 15 Dec 2024, 9:11 am » wrote: ↑ Forgive them, Paul, for they are so **** g'ddammned stupid....The Fraudulence of “Waste, Fraud and Abuse”
In any case, the Grace commission’s failure taught everyone serious about the budget, liberal or conservative, an important lesson: Anyone who proposes saving lots of taxpayer money by eliminating “waste, fraud and abuse” should be ignored, because the very use of the phrase shows that they have no idea what they’re talking about.
https://paulkrugman.substack.com/p/the-fraudulence-of-waste-fraud-and?utm_medium=web&triedRedirect=true
Warning: Promiscuous employment of data sourced from FRED.
You are an innumerate moron.AtticusFinch » 15 Dec 2024, 11:18 am » wrote: ↑ So Krugman thinks it's a bad idea to try and do something about our $36 trillion debt?
Why was it such a big deal when it was $10 trillion under Obama?
Remember him claiming we can't have this debt?
Krugman is a total idiot to think this can't or shouldn't be done
Blackvegetable » 15 Dec 2024, 9:11 am » wrote: ↑ Forgive them, Paul, for they are so **** g'ddammned stupid....The Fraudulence of “Waste, Fraud and Abuse”
In any case, the Grace commission’s failure taught everyone serious about the budget, liberal or conservative, an important lesson: Anyone who proposes saving lots of taxpayer money by eliminating “waste, fraud and abuse” should be ignored, because the very use of the phrase shows that they have no idea what they’re talking about.
https://paulkrugman.substack.com/p/the-fraudulence-of-waste-fraud-and?utm_medium=web&triedRedirect=true
Warning: Promiscuous employment of data sourced from FRED.
This is quite true of all your posts.
It's your tedious shtick and obsessive stalking.
The stalker is blatantly projecting. Yep. Mary is in the house.
No thoughts..Vegas » 15 Dec 2024, 11:32 am » wrote: ↑ The stalker is blatantly projecting. Yep. Mary is in the house.
Never heard of Brett Jensen either...and I didn't see mention of a PhD..Zeets2 » 15 Dec 2024, 11:01 am » wrote: ↑ Oh, he's the dumbest "economist" in history who ignorant libs like BV still think is a valid and reliable source for anything, no matter how many times he's been proven wrong. Dopey libs like him are simply impressed with him because the venerable NY Times gives him a regular audience for his **** simply because it always favors their Keynesian agenda.
Here, read this and you'll more than enough about this idiot that will enable you to laugh at such ignorance every time it's uttered from this moron:
There's at least another dozen stories you can find online similar to this one if you're interested.