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A reply on a Krugman article ( http://krugman.blogs.nytimes.com/2011/08/12/the-cracked-conservative-mirror/ ) stated this, and I just can't wrap my mind around it: Private sector cannot realize profits in monetary sense unless the govt issues the appropriate deficit, a conclusion that is mathematically...
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"since the new deal and Keynesianism failed to end the great depression" That's patently and demonstrably not true. Government spending during WW2 put people to work, put money in their pockets, stimulated private spending and investment, created demand for more products, created the middle...
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A friend of mine sent me the wiki "Critiques" of Austrian Business Cycle Theory. The red flag I noted was the line Nobel laureate Paul Krugman I was wondering if anyone had any thoughts on these points. I haven't read up on the crashes that they speak of - any thoughts on these "Critiques"...
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I stumbled over an interview of Krugman published in a German Newspaper (Handelsblatt) today: http://www.handelsblatt.com/politik/nachrichten/oekonomie-nobelpreistraeger-krugman-will-alte-vwl-weisheiten-beerdigen;2510582 I had to take a look since it was titled "Krugman wants to "bury"...
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This is a Mises Daily today: here's the article and the comments page . Best. Mises.org. Image. Ever....
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I recently came across an analogy that Paul Krugman has been using to make the case for an inflationary monetary policy to lift the economy out of a recession. I suspected Krugman to be wrong even before I read it (Afterall, how can I trust anybody who claims that world war 2 lifted us out of the depression...
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needed: "Massive Fiscal Stimulus"... soon we will all work for the gov't javascript:bringupPlayer("vid=vSsW9dIQQFwA","av",encodeURIComponent or: http://bloomberg.com/