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> populist clowns Calling a dissenting party clowns is not helpful. It's also wrong, since they argue their points well and their economics are backed by such
by quonn 12y ago
> populist clowns
Calling a dissenting party clowns is not helpful. It's also wrong, since they argue their points well and their economics are backed by such people as Paul Krugman. Now you might disagree with him, but would you call him a clown, too?
- 3pt14159 12y agoPaul Krugman is overrated, and you're drastically simplifying to say he's backing their economics. I'm mostly calling them clowns for the disservice they do their own cause by calling debt repayment economic waterboarding.
- dash2 12y agoWhy is that unreasonable? Greek GDP has shrunk by a quarter: https://www.google.co.uk/search?q=greece+gdp https://www.google.co.uk/search?q=greece+gdp
- sanderjd 12y agoYeah I found that to be a very poor part of an otherwise compelling argument. It eliminated their benefit of the doubt in my mind and made me think a lot harder about everything else they were saying. I still think the main points of the article make a lot of sense, and find the idea that they attempted to treat insolvency as if it were illiquidity particularly difficult to counter.
- gaius 12y agoIt must be driving Krugman up the wall that his panacea of just printing more money, isn't applicable here.
- antman 12y agoEconomic waterboarding was leaving just enough air to the economy to think it can breathe. Forcing a 4.5% budget surplus which evem countries in better financial position can support is meaningless. You might consifer him overrated but regarding the European crisis his predictions were pretty much accurate although against most financial institutions' predictions
- peterfirefly 12y agoIt's perfectly correct in this case. And calling something "austerity" when the public sector is so big that it clearly is anything but is /certainly/ not helpful. PS: Yes, Krugman is a clown, too.