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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: koan who wrote (39894)9/13/2011 1:03:10 AM
From: TH10 Recommendations  Read Replies (3) of 119360
 
k,

I've read (most) those guys too, and I do not include Krugman in that class. Krugman and Feynman do not belong in the same sentence, IMO.

Perhaps I framed my question incorrectly. It is not if Krugman is a bright guy, but really what economic solution he has put forth that is simply not money printing. I am asking for an example of how Krugman is any different from the dozens of Keynesians that proceeded him (well, excepting scale, for he is certainly in a class all his own in that regard <g>).

At the end of it, all Krugman is saying to do is to spend more money we do not have. That is it. No wear does Krugman talk about the implications for the old on fixed, or the tragic result of such monetary expansion on poor people around the world that are in the unfortunate position of having to live with Dollar peg and requiring a huge percentage of their pitiful income to feed themselves. Those are just two results of such a massive monetary expansion. Do you not agree that our current Fed policy was a major driver of the turmoil in say Egypt earlier this year?

Krugman, for being such a clever guy, does not do a good job hiding his serious blindspot from his politics. That is another point to at least consider. Krugman's solutions are all filtered through a fairly polarized political alliance.

In any event, I do not mean to offend, but I see Krugman and Bernanke as part of the problem.

GT
TH
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