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Worse. The article I linked to wasn't even about politics - it was about the economy. Reading it was like hearing a Fields Medal winner publicly explain that 1.
by cousin_it 18y ago
Worse. The article I linked to wasn't even about politics - it was about the economy. Reading it was like hearing a Fields Medal winner publicly explain that 1.999... does not equal 2. When a guy who advocates printing money and lending it, gets the Nobel Prize in economics... you know something's wrong.
- rms 18y agoWhat's wrong with printing money and lending it? Isn't increasing the money supply standard policy in a recession? Certainly the US government is doing that right now. It will help the recession at the cost of inflation. Krugman is a liberal economist. I am guessing that you are more in favor conservative economics. I believe that both conservative and liberal economics work perfectly well. It's a matter of convincing the people participating in the financial system that the theory in place or the one to be adapted is the best one. It all comes down to faith. If you have enough faith, liberal economics probably works better. Conservative economics doesn't require nearly enough faith to work.
- cousin_it 18y ago> Krugman is a liberal economist. Term hijacking alert. http://en.wikipedia.org/wiki/Economic_liberalism http://en.wikipedia.org/wiki/Economic_liberalism I guess you mean Keynesian.
- deleted 18y ago[deleted]