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Biotech / Medical : 2012 Biotech Charity Contest -- Ignore unavailable to you. Want to Upgrade?

To: Robohogs who wrote (297)	6/26/2012 12:45:55 PM
From: BulbaMan	Respond to of 513

Is Krugman reading this thread? Here’s what he just posted on his blog: krugman.blogs.nytimes.com Maybe we can get him to enter the Biotech Contest next year. Peace & good health, Bulba

To: Robohogs who wrote (297)	6/26/2012 12:50:42 PM
From: Chris08	Respond to of 513

However you wish. I hardly think Krugman a "bully" unless you think his arguments are too strong for his opponents to withstand. He always gives reasons for his positions as far as I can tell. And for whom and what is he a "mouthpiece"? He isn't working for any corporation or think tank I know of and simply speaks his mind. He is politically "liberal" in the traditional US sense. Now that political discourse in the US has shifted so markedly to the right, this may make him seem more "leftist" than he would have seemed to be twenty or so years ago. He is far from alone in his views: numerous other important economists agree: Stiglitz (also Nobel winner) and Thoma and DeLong and most of those you can read on Calculated Risk. US economists are amusingly divided into "freshwater ones" (U of Chicago and Midwestern) and "saltwater" ones (those at universities on the two coasts). Krugman and Stiglitz represent the saltwater school.

To: Robohogs who wrote (297)	6/26/2012 4:47:06 PM
From: IRWIN JAMES FRANKEL	Read Replies (3) \| Respond to of 513

>> I got an A, taking the course from Jeffrey Sachs ... I knew you were good. :-) (The head of the economics department asked me to sit for an exam that rated the Economics department compared to other Universities. I took econ too.) How could this possibly happen? You're smart and have taken economics and don't agree with Chris. Nor do I. Impossible. How could any intelligent, thinking person, educated in economics disagree with Chris? ;-) ij PS - I am close to Robo but we do not agree on everything. Higher interest rates would be a big mistake IMO. Rates are still too high. Sure higher rates would give income to the savers but at the expense of the spenders at the very time where we need more aggregate demand AND bank intermediation is under performing. Bad idea. -- Lower taxes are generally better. But deficits of 9% of GDP are not sustainable, must and will be cut in some fashion. All spending by government should be considered for the cost/benefits conferred. I am strongly in favor of education - but the limiting factor is NOT the amount of money we spend on it. The limitation is the energy and focus which the student will apply to his/her education.