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> Most of the world has been following the recommendations of this “economist” for decades. He's a Nobel Prize winner. You putting economist in quotes only ref
by ebbv 12y ago
> Most of the world has been following the recommendations of this “economist” for decades.
He's a Nobel Prize winner. You putting economist in quotes only reflects poorly on yourself.
> Just because it’s a government instead of a household or a business does not making borrowing against your future when you have no capability to pay it back a good idea.
He's not advising borrowing money you can't pay back. US, UK and other major economies absolutely can pay back the money they borrow. It's a ridiculous scare tactic that the far right has been pushing for the past 20 years to say that we are so far in debt we can never pay it back. That premise is only true if you adopt the ridiculous far right policy of lowering taxes to basically nothing on large corporations and ultra wealthy individuals.
- shit_parade2 12y agoAnd Obama won the Nobel Peace prize Krugman is a hired shill who no longer even professes his original economic thinking. But great job on your mindless obedience to authority and honors. Try studying economics and looking at the world instead.