Krugman "invented" the academic field of monetary crisis?!
In fact, Ludwig von Mises articulated the fundamentals of monetary crisis long before Krugman was born:
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
Krugman's entire career may be viewed as a misdirection from this inexorable truth.
Is there any more embarrassing field of practice than that of the self-proclaimed "expert"? Whether it be Covid, climate or the economy, we are surrounded by intellectual lightweights who love to brag about their supposed superiority over the rest of us plebes.
What if Krugman, Gartman and Cramer had a threesome...what would that kid be like?
Krugman’s infamous Trump election tweet: ““It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?” Krugman said in his post. “If the question is when markets will recover, a first-pass answer is never.”
It took a mere few minutes the first hour of trading.
And despite everyone archly saying "Twitter is a hellhole site" and endless variations of same--by God it's the cheapest entertainment we got these days.
Paul Krugman "invented the academic field of currency crises"?!? Horsesh!t. I honestly can't think of an economist alive during my lifetime who has an ego more out of disproportion with actual talent and accomplishment than Paul Krugman. (Although there is some stiff competition and John Kenneth Galbraith might have given Krugman a run for it.) His contribution to the modern understanding of currency collapses was editing a volume of papers contributed by other economists for U. of Chicago Press in 2000. And honestly, most of those were horsesh!t too.
None of the Keynesians today are practicing anything resembling what Keynes himself advocated. Have you ever read the General Theory? It is a work of profound originality and insight. Anyway, Keynes would have been appalled at QE and endless money printing. In fact he explicitly condemned it, likening it to "loosening the belt in hopes one gets fat."
Krugman "invented" the academic field of monetary crisis?!
In fact, Ludwig von Mises articulated the fundamentals of monetary crisis long before Krugman was born:
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
Krugman's entire career may be viewed as a misdirection from this inexorable truth.
"I did invent the academic field" does not lend confidence. Maybe if he brought his nose down a few degrees he could see what is happening.
Economists be like "damn it! Wrong again! Why does this keep happening to me?"
Is there any more embarrassing field of practice than that of the self-proclaimed "expert"? Whether it be Covid, climate or the economy, we are surrounded by intellectual lightweights who love to brag about their supposed superiority over the rest of us plebes.
What if Krugman, Gartman and Cramer had a threesome...what would that kid be like?
Krugman’s infamous Trump election tweet: ““It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?” Krugman said in his post. “If the question is when markets will recover, a first-pass answer is never.”
It took a mere few minutes the first hour of trading.
There used to be a podcast called Krugman is always wrong. Seems like the perfect podcast theme because the material is endless
And despite everyone archly saying "Twitter is a hellhole site" and endless variations of same--by God it's the cheapest entertainment we got these days.
Especially if one has a taste for gallows humor.
(In my best Bugs Bunny voice) He don’t know very far, do he?
Remember the 1980s? Phone psychics?
Most economists are less reliable and believable than phone psychics.
Paul Krugman "invented the academic field of currency crises"?!? Horsesh!t. I honestly can't think of an economist alive during my lifetime who has an ego more out of disproportion with actual talent and accomplishment than Paul Krugman. (Although there is some stiff competition and John Kenneth Galbraith might have given Krugman a run for it.) His contribution to the modern understanding of currency collapses was editing a volume of papers contributed by other economists for U. of Chicago Press in 2000. And honestly, most of those were horsesh!t too.
What do they call a medical student who graduates LAST in his class?? "Doctor"! Same - a certificate for graduation -- for Economists and Weathermen!
someone fax this to him
Conscience of a ___________
None of the Keynesians today are practicing anything resembling what Keynes himself advocated. Have you ever read the General Theory? It is a work of profound originality and insight. Anyway, Keynes would have been appalled at QE and endless money printing. In fact he explicitly condemned it, likening it to "loosening the belt in hopes one gets fat."
Krugman sold his credentials a long time ago and is nothing but an establishment mouthpiece.
Plus….he’s too busy searching for the hackers who put kiddie porn on his laptop to make accurate predictions anymore.
Krugman's take on economics is as reliable as weather forecasts tend to be.