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Post 20

Saturday, January 8, 2011 - 1:41pmSanction this postReply
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Thanks, Luke.

I just may take you up on that ...

Ed


Post 21

Monday, January 10, 2011 - 10:55amSanction this postReply
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Hi Ed, it was actually just the economics department I was remembering that didn't appear to me to have a left-wing bend. The other departments I certainly saw that left-wing mentality.

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Post 22

Monday, March 19, 2012 - 6:44amSanction this postReply
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I watched most of this panel discussion "Global Economy: Crisis Without End" on BookTV yesterday. I don't recommend it. The panelists were all statists, two of them -- Paul Krugman and Jeffrey Sachs -- rabidly so. 

It gave an indication of Krugman's willingness to use physical force. At 1:02:50 Krugman says, "the next guy who calls me crude I'm going to haul him out and punch him in the schnoz." Maybe some have called him crude, but others have called him crud man, which I believe fits perfectly.

The panel also included George Soros peddling his bs about the "efficient market hypothesis", although what he actually talked about was much more like the perfect competition straw man he often invokes. The efficient market hypothesis is quite different.

(Edited by Merlin Jetton on 3/19, 6:47am)


Post 23

Monday, March 19, 2012 - 1:41pmSanction this postReply
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It watched part of it also but couldn't stomach much of it.  Soros was  talking about how he didn't understand all the concern about balancing the budget, etc. There was a lot of flapping of jaws but not much meat — just generalities.

Sam


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Post 24

Thursday, May 3, 2012 - 6:51amSanction this postReply
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Krugman debates Ron Paul here.

I posted in this thread due to what Krugman says starting at about 6:30 about Milton Friedman and the Great Depression. He says Friedman said the Fed "should have done more", suggesting that Friedman's "more" was the same "more" as his. 

I can believe Friedman's "more" meant not reducing the money supply by 1/3rd during 1929-33 and support paying FDIC-insured withdrawals. I don't believe he and Krugman were like-minded.


Post 25

Saturday, May 5, 2012 - 5:07pmSanction this postReply
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The current consensus among academic economists who support central banking is that Friedman was correct to argue that the Fed should have increased the money supply a lot more than it did during the Great Depression. According to conventional wisdom, the Fed failed not because it had previously increased the money supply and artificially lowered interest rates leading to malinvestment and a subsequent economic correction, but because it didn't increase the money supply enough to stave off deflation. Krugman is just parroting the party line. Nothing new or original here. It's simply the classic debate between Austrians and Keynesians.

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Post 26

Sunday, May 6, 2012 - 9:21amSanction this postReply
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If you watch Krugman closely (especially near the end), you can tell he is being very cautious and is even somewhat nervous. Though not in-and-of-itself convicting, it's the kind of nervousness you see from someone who is trying to propagate a lie. Ron Paul, on the other hand, is relaxed and confident -- as if he understands his ideas are superior, and that he does not need to go to great lengths to package them in a certain sophisticated or even obtuse way, in order to make them palatable to the 'idea-consumers'.

Ed

(Edited by Ed Thompson on 5/06, 9:23am)


Post 27

Tuesday, October 1, 2013 - 8:15amSanction this postReply
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Here is more proof of Krudman's trashy debating style. Either he has no idea what political freedom means or he is dishonest.

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Post 28

Tuesday, October 1, 2013 - 7:29pmSanction this postReply
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Merlin, from that link:
The right’s definition of freedom, however, isn’t one that, say, F.D.R. would recognize.
What Krugman (or "Krud-man" or whatever) is saying here is that definitions are subjective, rather than being morally-necessary, contextually-absolute statements about the relations between different facts of reality. On his view, thinking is like going to Burger King: You get to have it your way. It is mind-over-matter in the literal sense (i.e., the "nonsense" sense).

Here's his thinking:
---------------------------------------------
Do you dislike something on earth?

Then simply re-define it!

Yeah!

Do you dislike poison?

Then simply re-define it as "food" (and everything is sure to work out just fine if you decide to do that).

In fact, everything can be anything you "want" it to be!

Yaaaaaaaaaaaaaaaahhhhhhhhhhhhhhhhhhhhhoooooooooooooooooooooooo! It is fun being intellectually irresponsible! There is nothing that can ever go wrong when people, including people who write columns, adopt that as a habit!
---------------------------------------------

:-)

Ed


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