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Sat Feb 16, 2013, 05:49 PM

Krugman: Gratifying signs of desperation from the 'austerity' crowd

Gratifying Signs of Desperation

On both sides of the Atlantic, the austerians seem to be freaking out. And that has to be good news, an indication that they realize, at some level, that theyíre losing the debate.

First up, the sad story of Joe Scarborough, whose response to my anti-austerian appearance on his show has been a bizarre campaign to convince the world that absolutely nobody of consequence shares my views. Why is this bizarre? Because while I could be wrong about macroeconomics (although Iím not), itís just not true, provably not true, that Iím alone in arguing that the current and near-future deficit arenít problems. (Among others, thereís this guy you may have heard of).

Meanwhile, Olli Rehn of the European Commission, a firm advocate of austerity, responds to the disastrous economic news in Europe, which has confirmed the warnings of austerity critics and led to a widespread reassessment of fiscal multipliers; it seems that they are large in a liquidity trap, just as some of us predicted. Rehnís answer? We need to stop putting out these economic studies, because theyíre undermining confidence in austerity!

As I said, these signs of desperation are gratifying. Unfortunately, these people have already done immense damage, and still retain the power to do a lot more.

http://krugman.blogs.nytimes.com/2013/02/16/gratifying-signs-of-desperation/

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Reply Krugman: Gratifying signs of desperation from the 'austerity' crowd (Original post)
pampango Feb 2013 OP
chervilant Feb 2013 #1
Redfairen Feb 2013 #2
chervilant Feb 2013 #3
R. Daneel Olivaw Feb 2013 #5
deminks Feb 2013 #4
CTyankee Feb 2013 #6
quaker bill Feb 2013 #8
Manifestor_of_Light Feb 2013 #7
CTyankee Feb 2013 #10
Cowpunk Feb 2013 #9

Response to pampango (Original post)

Sat Feb 16, 2013, 06:28 PM

1. We need a Socratic approach

to demystifying matters economic. We are getting reamed by the corporate megalomaniacs who've usurped our media, our politics and our global economy. As long as they get theirs...

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Response to chervilant (Reply #1)

Sat Feb 16, 2013, 06:47 PM

2. No, we need a tax cut

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Response to Redfairen (Reply #2)

Sat Feb 16, 2013, 06:52 PM

3. And

MORE trickle down!

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Response to chervilant (Reply #3)

Sat Feb 16, 2013, 08:18 PM

5. And Baby Jaysuz...

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Response to pampango (Original post)

Sat Feb 16, 2013, 07:04 PM

4. Morning Jerk spent the entire week taking offense at the "ignorance caucus" column.

He even pulled out the 'liberal bloggers in their pj's eating cheetos' tired old rant. Then he pulled out all the third way cronies who are paid to agree with him saying we must destroy medicare and social security in order to save them. (actually, wall street wants the money through privatization).

It was sad. Funny, but sad.

Morning Jerk is all about prosperity for them, austerity for the rest of us.

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Response to deminks (Reply #4)

Sat Feb 16, 2013, 08:42 PM

6. I've already written to Joe saying i don't believe him.

How can you say "I'm a small government conservative" on the one hand and then say "I want to cut Medicare to SAVE Medicare on the other"????

Somebody's lyin...

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Response to deminks (Reply #4)

Sat Feb 16, 2013, 08:48 PM

8. Don't wear PJ or eat cheetos.

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Response to pampango (Original post)

Sat Feb 16, 2013, 08:46 PM

7. I love Paul Krugman.

((((((crush)))))

Randi Rhodes has a serious crush on him.


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Response to Manifestor_of_Light (Reply #7)

Sun Feb 17, 2013, 09:34 AM

10. don't we ALL? There are also plenty of "mancrushes" on Paul, too...some in my family and

with our friends here in liberal community...

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Response to pampango (Original post)

Sat Feb 16, 2013, 08:51 PM

9. Stop killing the confidence fairies!

...by pointing out they don't exist.

Krugman, you are a bad, bad man.

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