To: Metacomet who wrote (108630 ) 11/29/2014 12:31:51 PM From: bart13 Read Replies (1) | Respond to A stooped clock is also correct twice per day, my point being that even Krugman has gotten some things correct. But the various quotes I have on my quotes page about him also illustrates the many items that he has gotten wrong, and that their effects have frequently been truly awful, especially his promotion of the housing bubble."Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble." Source "The Fed needs to print more money" "There are influential people out there who would like you to believe that Detroit’s demise is fundamentally a tale of fiscal irresponsibility and/or greedy public employees. It isn’t. For the most part, it’s just one of those things that happens now and then in an ever-changing economy." <LOL!> Krugman: Bush's Deficit Bad, Obama's Deficit Good " OK, this is really shocking: a Heritage Foundation economist has been accused of presenting false, deliberately misleading data and analysis to the Senate Budget Committee. What’s so shocking? Not the false, misleading data and analysis — that’s SOP at Heritage …. What’s shocking is that they got called on it, in real time." -- Paul Krugman Source (Except Furth from Heritage was using data from 2007-2012 and Senator Sheldon Whitehouse of Rhode Island was quoting from OECD datas that covered 2009-2016, which included politically based future projections. Krugman blew it on fact checking.) Charting Fun with Krugman He's far from unique in the "upward concentration of wealth is sustainable" area. Hell I even posted about it with multiple charts years before he did. Others at nowandfutures.com What determines whether an economist is "good" or not?
