Can we stop with the Paul Krugman posts already? [View all]

[MannyGoldstein]

Last edited Fri Apr 26, 2013, 06:27 AM - Edit history (2)

Look, I get it. Many members of our very-very-big-tent Democratic party are unhappy. While the economy has been excellent for the past four years, it could be even excellent-er. While most bankers are doing way better than ever, we've all heard that a few have only had small pay increases. Yes, we must do better.

But turning to a Firebagger like Krugman is not the way to go. It's not who we are.

Sure, to people less intelligent than me, it seems that Krugman has been accurately predicting everything correctly all along. But now, finally we have PROOF POSITIVE that our little hero of the EmoProgs has been totally wrong all along:

The REALITY is that NOBODY can possibly know what's going on!

BBC: Big Thinkers Still Stumped on Global Economic Crisis

"It's as if a cat has climbed this huge tree - the cat of course is this huge crisis. My view is 'oh my God the cat's going to fall and I don't know what to do'."

...

The trouble for the economics profession is, according to the last of the conference hosts and another Nobel Prize winner, Joseph Stiglitz: "There is no good economic theory that explains why the cat is still up the tree".

...

There were plenty of ideas for sure. But this is how the IMF's chief economist Olivier Blanchard put it at the end of the conference:

"We don't have a sense of our final destination… Where we end I really don't have much of a clue."

So these are the BIG BOYS of economics, people with Nobel prizes who teach at colleges, get paid huge fees for consulting to banks, and that kind of thing. Like it says in the headline, the BIG THINKERS. If they have no idea, than how could Krugman?

Some may ask: "In all cases in the past, depressions were ended by torrential government spending, and never by austerity. All Krugman is saying is that we should do what's always worked in the past, and don't do what's always failed in the past." And that might seem straightforward to simple people who don't have a grasp of really, really complicated things like I do. So I'll answer the question, using simple language that can be understood by these types of people.

You know how God created dinosaur bones and carbon dating to test our faith? To see who believes in Him, vs. who believes that the Earth is millions of years old? That's the reason why Krugman's policies will FAIL. God made all of those previous depressions and their solutions to test our faith in the greatness and soundness of sensible Third Way economic policies.

So... are you with Krugman? Or are you with God? It's time to choose.

Spiritually yours,

Third-Way Manny