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Ah, Paul Krugman, the guy who said "the fed needs to create a housing bubble to replace the Nasdaq bubble" in 2002. Nobody else short of Joel Osmond has made su
by causality0 4y ago
Ah, Paul Krugman, the guy who said "the fed needs to create a housing bubble to replace the Nasdaq bubble" in 2002. Nobody else short of Joel Osmond has made such a career of being spectacularly wrong.
- _3u10 4y agoI dunno about that Bill Ackerman has predicted 113 of the last 3 recessions.
- vajrabum 4y agoI'm confused. I went and looked at the editorial by Paul Krugman. Here's the quote: "To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble." Isn't that exactly what happened? And in 2008 the housing bubble collapsed? Or maybe you have a different story about that bit of history.
- causality0 4y agoYes, that's exactly what happened. He wasn't wrong because people didn't listen to him; he was wrong because his advice is idiotic and listening to him and people like him ruined thousands of lives.
- nullfield 4y agoKrugman has always struck me as a small-minded hack, but that’s my opinion and not based off of any objective measurement of his abilities or whatever-just his writing and insufferable, pompous commentary.