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Author Topic: Supercommittee Doomed to Failure and Krugman is Excited  (Read 4660 times)

Offline Elibe

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Re: Supercommittee Doomed to Failure and Krugman is Excited
« Reply #20 on: November 20, 2011, 11:59:00 AM »
well if the nobel group is left wing like a lot of europe then i dont see why anyone is surprised when they give it to people on the left

the conservatives can make their own award

Offline Mister D

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Re: Supercommittee Doomed to Failure and Krugman is Excited
« Reply #21 on: November 20, 2011, 12:01:57 PM »
well if the nobel group is left wing like a lot of europe then i dont see why anyone is surprised when they give it to people on the left

the conservatives can make their own award

I'm not surprised that leftists and their bloodstained darlings get these awards. I'm just saying that I don't take it very seriously for that reason.
"Pushing people forward simply because of their colour, irrespective of merit, would be most unfortunate and would of course lead to disaster. It would mean that Rhodesia would then develop into a kind of banana republic where the country would in no time be bankrupt."


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Offline jgreer

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Re: Supercommittee Doomed to Failure and Krugman is Excited
« Reply #22 on: November 20, 2011, 12:02:38 PM »
They wouldnt be republicans if they weren't complaining about something
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Offline Mister D

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Re: Supercommittee Doomed to Failure and Krugman is Excited
« Reply #23 on: November 20, 2011, 12:04:01 PM »
They wouldnt be republicans if they weren't complaining about something

I'm not a Republican, greer.
"Pushing people forward simply because of their colour, irrespective of merit, would be most unfortunate and would of course lead to disaster. It would mean that Rhodesia would then develop into a kind of banana republic where the country would in no time be bankrupt."


~Ian Smith

Offline Peter1469

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Re: Supercommittee Doomed to Failure and Krugman is Excited
« Reply #24 on: November 20, 2011, 12:10:40 PM »
Krugman is a neo-Keynesian and has stopped being an economist a long time ago; he is a bucket carrier for the DNC- a political hack of the most vile kind.  I would compare him with Ann Coulter on the right.

Keynesian economics has been discredited for at least 50 years.

(And it was never really followed).


So how do you explain the Nobel Prize then? All his other economists respect? He is a leader in his field. Coulter isn't a leader of anything.


Krugman didn't win the Nobel by advising anyone to get out of debt by debt spending.   :o

He won it for "for his analysis of trade patterns and location of economic activity"
 
http://www.nobelprize.org/nobel_prizes/economics/laureates/2008/press.html



Krugman's approach is based on the premise that many goods and services can be produced more cheaply in long series, a concept generally known as economies of scale. Meanwhile, consumers demand a varied supply of goods. As a result, small-scale production for a local market is replaced by large-scale production for the world market, where firms with similar products compete with one another.
 
Traditional trade theory assumes that countries are different and explains why some countries export agricultural products whereas others export industrial goods. The new theory clarifies why worldwide trade is in fact dominated by countries which not only have similar conditions, but also trade in similar products for instance, a country such as Sweden that both exports and imports cars. This kind of trade enables specialization and large-scale production, which result in lower prices and a greater diversity of commodities.


Krugman worshipers should take a look and see if this is something that they really agree with. 

Offline jgreer

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Re: Supercommittee Doomed to Failure and Krugman is Excited
« Reply #25 on: November 20, 2011, 12:19:29 PM »
They wouldnt be republicans if they weren't complaining about something

I'm not a Republican, greer.

Its ok to come out we can all tell you are one. I would respect you more if you would just admit it.
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Offline jgreer

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Re: Supercommittee Doomed to Failure and Krugman is Excited
« Reply #26 on: November 20, 2011, 12:21:38 PM »
Krugman is a neo-Keynesian and has stopped being an economist a long time ago; he is a bucket carrier for the DNC- a political hack of the most vile kind.  I would compare him with Ann Coulter on the right.

Keynesian economics has been discredited for at least 50 years.

(And it was never really followed).


So how do you explain the Nobel Prize then? All his other economists respect? He is a leader in his field. Coulter isn't a leader of anything.


Krugman didn't win the Nobel by advising anyone to get out of debt by debt spending.   :o

He won it for "for his analysis of trade patterns and location of economic activity"
 
http://www.nobelprize.org/nobel_prizes/economics/laureates/2008/press.html



Krugman's approach is based on the premise that many goods and services can be produced more cheaply in long series, a concept generally known as economies of scale. Meanwhile, consumers demand a varied supply of goods. As a result, small-scale production for a local market is replaced by large-scale production for the world market, where firms with similar products compete with one another.
 
Traditional trade theory assumes that countries are different and explains why some countries export agricultural products whereas others export industrial goods. The new theory clarifies why worldwide trade is in fact dominated by countries which not only have similar conditions, but also trade in similar products for instance, a country such as Sweden that both exports and imports cars. This kind of trade enables specialization and large-scale production, which result in lower prices and a greater diversity of commodities.


Krugman worshipers should take a look and see if this is something that they really agree with.


Well that makes sense to me so I agree with him. But I am not a worshipper. He is a smart guy and knows a lot about economics. More then Bill OReilly I am sure and definitely more than you guys. If you disagree with his ideas about the economy why not start with why instead of calling him names and slinging mud.
Vote Democrat Like Your Life Depends On It - It Does!!

Offline Mister D

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Re: Supercommittee Doomed to Failure and Krugman is Excited
« Reply #27 on: November 20, 2011, 12:24:05 PM »
They wouldnt be republicans if they weren't complaining about something

I'm not a Republican, greer.

Its ok to come out we can all tell you are one. I would respect you more if you would just admit it.

If you want to make believe it's a Republican who consistently runs circles around you OK.  :D That's your business.
"Pushing people forward simply because of their colour, irrespective of merit, would be most unfortunate and would of course lead to disaster. It would mean that Rhodesia would then develop into a kind of banana republic where the country would in no time be bankrupt."


~Ian Smith

Offline Peter1469

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Re: Supercommittee Doomed to Failure and Krugman is Excited
« Reply #28 on: November 20, 2011, 03:02:06 PM »
Krugman is a neo-Keynesian and has stopped being an economist a long time ago; he is a bucket carrier for the DNC- a political hack of the most vile kind.  I would compare him with Ann Coulter on the right.

Keynesian economics has been discredited for at least 50 years.

(And it was never really followed).


So how do you explain the Nobel Prize then? All his other economists respect? He is a leader in his field. Coulter isn't a leader of anything.


Krugman didn't win the Nobel by advising anyone to get out of debt by debt spending.   :o

He won it for "for his analysis of trade patterns and location of economic activity"
 
http://www.nobelprize.org/nobel_prizes/economics/laureates/2008/press.html



Krugman's approach is based on the premise that many goods and services can be produced more cheaply in long series, a concept generally known as economies of scale. Meanwhile, consumers demand a varied supply of goods. As a result, small-scale production for a local market is replaced by large-scale production for the world market, where firms with similar products compete with one another.
 
Traditional trade theory assumes that countries are different and explains why some countries export agricultural products whereas others export industrial goods. The new theory clarifies why worldwide trade is in fact dominated by countries which not only have similar conditions, but also trade in similar products for instance, a country such as Sweden that both exports and imports cars. This kind of trade enables specialization and large-scale production, which result in lower prices and a greater diversity of commodities.


Krugman worshipers should take a look and see if this is something that they really agree with.


Well that makes sense to me so I agree with him. But I am not a worshipper. He is a smart guy and knows a lot about economics. More then Bill OReilly I am sure and definitely more than you guys. If you disagree with his ideas about the economy why not start with why instead of calling him names and slinging mud.


Stick around and pay attention.

While you are doing that ask yourself why the Keynesians did not predict either the housing market crash or the financial market crash, yet other economists did. 

And while you are at it, explain by the Keynesian formula GDP makes sense where government is using debt spending?  If you need more explanation to understand my question let me know. 

Offline jgreer

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Re: Supercommittee Doomed to Failure and Krugman is Excited
« Reply #29 on: November 20, 2011, 04:22:03 PM »
Everyone knew housing was a bubble and so was credit. Just like the dot com boom. Anyone can predict its a bubble. Oil and Gold are there now. The hard part is figuring out when that bubble is going to pop.

Dont you agree?
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