All these people know how to do is manipulate symbols. They can't win wars, so they can defeat victory. They can't win arguments, so they change the meaning of words to whatever they need to be in order to win. And they can't run an economy, so they redefine a recession as a strong economy.
I'd love there to be a dedicated way we can report typos, because IMO correcting the typos would be a significant help to the credibility of this, and all, Substack independent journalists who need, again IMO, to crowdsource the corrections. No need to hire an editor; we foot soldiers'll do it for free, and gladly so! ;-)
"why you're right, argue facts, when you're wrong, argue with the dictionary" ~ *when*, not why
"GDP is a measure of output. it’s the quantify of goods and services" ~ *quantity*, not quantify
"it’s seeing to measure output in “cars”" ~ *seeking*, not seeing
"so if you sell 2 sedans for $25,000 each on quarter" ~ *one*, not on
"broke people do not invest, they spend on necessitates." ~ *necessities*, not necessitates
"it’s getting downright silly how the people who claim to be running the world seem unable to identify anything and either believe that they can prevent the chickens from noticing that they are being eaten by renaming the fox a bunny and telling everyone that bunnies don’t eat birds or just have flat out lost so much touch with reality that they think the map is the terrain and that editing it will move rivers."
It may be silly, but it's 100% consistent with Marxist metaphysics. Imagining the utopia that could be and practicing destructive alchemy on the dictionary and the population in a perpetual cycle. If the revolution stops, it means you have a bureaucracy and that cannot be tolerated. Thus the only option is continually burning down whatever stable systems exist.
And the commiecrats in company with the GOPe and Joe Manchin are about to sneak up behind the economy hit it in the head and drag it off to the cave and have their way with it which will deepen and accelerate the decline, in other words as expected the clown show of village idiots that are currently in charge have been and are doing everything to make it worse. We need to understand something, this is being done on purpose in service to the green Marxist “transition”, in their minds less economic activity equals less greenhouse gases and as a bonus it helps their genocidal agenda by causing massive deaths by starvation in the bloody third world especially Africa.
GDP is a measure of economic activity, not "output". If I pay you to dig a hole and then pay someone else to fill it back up with dirt, that is economic activity and included in GDP. But there was no output, and we're right back where we started. GDP is a largely meaningless statistic. There are much better models for understanding the current state state of the real economy and for predicting its future. Surplus Energy Economics is a good start. (Spoiler alert: we've been in a recession for years)
Every time Jean-Pierre lies, a unicorn dies.
“We might have a recession, but we aren’t in one now,” is the equivalent of, “I have a lobotomy, but I still real smart.”
It’s not a recession, it’s a trans recession
Krugman is the Fauci of economics. Couldn't be wrong more often if he tried.
All these people know how to do is manipulate symbols. They can't win wars, so they can defeat victory. They can't win arguments, so they change the meaning of words to whatever they need to be in order to win. And they can't run an economy, so they redefine a recession as a strong economy.
I think this all can be explained simply:
Democrats like Ped0 Joe. So they will give Ped0 Joe a pass on EVERYTHING. Because they like him. He gets a Forever Pass for... everything.
"So, people are dying unexpectedly. Joe can't do anything about that.."
"So the supply chain is still screwed up. Joe can't do anything about that. "
"So inflation is high. Joe can't do anything about that."
"So gas prices are high. Joe can't do anything about that."
And... the ultimate pass:
"It's our New Normal. There's nothing that can be done about it."
Thanks be to Big Brother for raising the chocolate ration to 20 grams/week! 🍫
JUST IN - Biden's statement on the shrinking US economy:
"We are on the right path."
Recessions can only occur when a Republican president occupies the White House, says your US Department of Misinformation. It's science.
"The party told you to reject the evidence of your eyes and ears. It was their final, most essential command."
I'd love there to be a dedicated way we can report typos, because IMO correcting the typos would be a significant help to the credibility of this, and all, Substack independent journalists who need, again IMO, to crowdsource the corrections. No need to hire an editor; we foot soldiers'll do it for free, and gladly so! ;-)
"why you're right, argue facts, when you're wrong, argue with the dictionary" ~ *when*, not why
"GDP is a measure of output. it’s the quantify of goods and services" ~ *quantity*, not quantify
"it’s seeing to measure output in “cars”" ~ *seeking*, not seeing
"so if you sell 2 sedans for $25,000 each on quarter" ~ *one*, not on
"broke people do not invest, they spend on necessitates." ~ *necessities*, not necessitates
"it’s getting downright silly how the people who claim to be running the world seem unable to identify anything and either believe that they can prevent the chickens from noticing that they are being eaten by renaming the fox a bunny and telling everyone that bunnies don’t eat birds or just have flat out lost so much touch with reality that they think the map is the terrain and that editing it will move rivers."
It may be silly, but it's 100% consistent with Marxist metaphysics. Imagining the utopia that could be and practicing destructive alchemy on the dictionary and the population in a perpetual cycle. If the revolution stops, it means you have a bureaucracy and that cannot be tolerated. Thus the only option is continually burning down whatever stable systems exist.
Just wait until the PPP money dries up and people have to go back to repaying their student loans 🙄
And the commiecrats in company with the GOPe and Joe Manchin are about to sneak up behind the economy hit it in the head and drag it off to the cave and have their way with it which will deepen and accelerate the decline, in other words as expected the clown show of village idiots that are currently in charge have been and are doing everything to make it worse. We need to understand something, this is being done on purpose in service to the green Marxist “transition”, in their minds less economic activity equals less greenhouse gases and as a bonus it helps their genocidal agenda by causing massive deaths by starvation in the bloody third world especially Africa.
If Krugman says it isn’t a recession, it is. He is the wrongiest-wrong on this stuff, ever. Great article!
GDP is a measure of economic activity, not "output". If I pay you to dig a hole and then pay someone else to fill it back up with dirt, that is economic activity and included in GDP. But there was no output, and we're right back where we started. GDP is a largely meaningless statistic. There are much better models for understanding the current state state of the real economy and for predicting its future. Surplus Energy Economics is a good start. (Spoiler alert: we've been in a recession for years)