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A Mysterious and Beautiful Woman Confronts Paul Krugman about Inflation




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Damn smart post.

Thanks for taking the time.

I wish Ron Paul made the practical real-world example of currency deflation the central part of his campaign. He did on just a couple of occasion say that he could show us a way to buy a gallon of gas for a dime" RIGHT NOW. That would be a silver dime. That was brilliant.

I like to say that a $100 from 1913 would be $2500 of good and services today, or $1 from 1913 would buy 8 DQ Blizzards today, assuming a 96% reduction in value from 1913 to 2012.

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a rEVOLution before tomorrow morning." - Henry Ford

well said my friend!

well said my friend!

JB4LBRTY!

Taking wealth without CONSENT is THEFT by definition!

Krugman’s point is: if you knew that some of your purchasing power will be stolen it is no longer theft! Bravo, Mr. Krugman. With the same logic mafia can now claim no theft if they inform you ahead of time that they are going to rob you! “Hello, we are here to take your stuff, and since we just informed you about it, we are justified in taking your stuff!” Brilliant Mr. Krugman! Your name should have been Crookman! Don’t you understand that a CONSENT must be obtained from the person from whom you take wealth? Taking wealth without CONSENT of the owner is THEFT by definition. But no wonder, Mr. Krugman, you are a thief and an apologist for the thieves, therefore, according to you, there is no THEFT as long as it is the banksters who do the stealing!

Does this clown and crook pass for an intellectual these days? Incredible!

Right...

She asked a real question...he gave a non answer...typical. Don't give much credence to people with "Nobel prizes" in economics. LTCM was founded by two Nobel laureates...

Where do you come up with 3% as "acceptable" inflation

Mr. Krugman?

I mean, is that like being 3% pregnant will not result in babies? Can any inflation be held at a theoretical fixed rate without spiraling into a critical meltdown resulting in wheelbarrows of paper money needed to buy a loaf of bread? Do you, Mr. Krugman, really think the complexity of Europe economy can be fixed with the simple remedy of printing more money and lowering interest rates?

Of course, you don't shop for groceries like common folk do, so inflation doesn't touch you. You have connections, perks, prize money, and university position that gives you the unique detachment of a social scientist experimenting your unproven theories on the livelihood of hundreds of millions. If it doesn't work, its not your fault that the underlings at the Federal Reserve and the Government failed to follow your magical formula exactly.

The only reason you can say that inflation is not illegal is becasue Governments are in collusion with the Central banks to write the laws authorizing them the power of quantitative easement that benefit them at our expense.The young lady was correct when she expressed concerned that those who created the crisis will not pay for it---Because the government and bankers will be the ones bailed out for their bungling and graft, not the common citizen. It's European version of TARP.

Central banking induced Inflation reminds me of a quote said during the reign of Alfred the Great when Britain was under occupation of the Danish Vikings and the Brits were obliged to pay tribune to them."If you keep paying the were-gild, you keep getting the Dane". Once Alfred decided to stop paying tribune to the Danes, and fight them, did Britain finally win its freedom.

Conscience does not exist if not exercised

"No matter how cynical you get, it's impossible to keep up!
---Lily Tomlin

Investment risk

I do not agree with the lady's question/statement that inflation is theft. I do agree with Ron Paul that inflation is a form of tax, especially when it manipulated by the banks/governments.

Ron Paul 2012; Rand Paul 2016

Taxation IS theft

Until people understand this and it relationship to the banking cartel, the people will continue to be fleeced. The government promises to to pay its debt to the banks by stealing the money from its subjects. It is the most profitable venture that any bank can enter into. It's time to do away with government. There is no such thing as limited government, there never has been and there never will be. Government is nothing more than a group of men and women acting as government who use force and violence to get what they want, which is everything you have.

I'm beginning to see your point of view.

What is your "no government" form of government called?

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a rEVOLution before tomorrow morning." - Henry Ford

ecorob's picture

we raise inflation to help the unemployed...

we keep inflation low to help the unemployed!

which is it?
its both!
it depends...

actually, its all about money for the banksters, after all, isn't it?

wake up, America!

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

worthy

Worthy of a bump.

donvino

What a weasel Krugman is!

Shifty eyes, face turns red under pressure, avoided eye contact... non of which display an authority on the matter. All he knows is the OLD system that, if he actually paid attention, IS FALLING APART!

Tool.

"We are not human beings having a spiritual experience; we are spiritual beings having a human experience"—Pierre Teilhard de Chardin

ecorob's picture

if we, the people didn't put him there to answer that question..

the government did...

you believe him?

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

I'm sure what he says is true

but is it right? I don't think so. He's just talking about the status quo way of dealing with economic situations without addressing the root of the problem. Just band-iad solutions.

"We are not human beings having a spiritual experience; we are spiritual beings having a human experience"—Pierre Teilhard de Chardin

Sadly, I used to think it was the "old" system also. What it

really is is the "bought and sold professor system". This guy says what the government wants him to say so he is "renowned" as a great man so they give him a bunch of money in the form of the Nobel Prize to tell more lies and send him around the world lying, beady little eyes darting all over at all times. I've never seen eyes darting all around like that.

This guy is going down in flames with the bankers. I don't have to hear anything he says. Those eyes give him away. He should be in prison.

SequoiaTrees4RonPaul

I couldn't agree more!

.

"We are not human beings having a spiritual experience; we are spiritual beings having a human experience"—Pierre Teilhard de Chardin

The whole system is is run by thieves.

Yes something should be done to help the innocent unemployed people. The first thing that should be done is to round up all the thieves who created this mess and lock them up. Take back all the value they stole, and return it to the people. Inflation is not the answer, inflation is theft. More theft is not the solution for theft. PS this guy is mentally deranged, why do people get together to listen to this idiot. Lock HIM up!

"We can't solve problems by using the same kind of thinking we used when we created them."
Albert Einstein

If inflation wasn't theft,

If inflation wasn't theft, counterfeiting would not be a crime.

Also, just an observation, Krugman looks awful in this video. Perhaps the world awakening to his beloved Keynesian fraud is beginning to take its toll on the poor fellow.

Question on the topic

If inflation is theft because it steals the purchasing power of one person and gives it to the person printing the money....

Then wouldn't copying music or stealing IP also be theft because it steals the money generating power from the person who had it originally and gives it to the person who pirates the music or movies?

Because technically all money should be a good. Therefore if it is a good, two people would not be able to have it at once. This is why you can't print gold and it is a better currency than dollars. But I think I might have to side with Krugman on this one and say that inflation is just the penalty of a society being stupid enough to accept dollars over real assets. We all know that our dollars don't have constant purchasing power. Because purchasing power is a subjective value, preserving it or preventing it from increasing is impossible since it changes with so many other things.

To me it seems like if the Fed printing is stealing than that means that a gold mine finding gold is stealing since it also takes away the purchasing power of individuals with Gold.

I just thought of it...let me know what you guys think of the libertarian contradiction.

**And a disclaimer- this was a poorly thought out ramble, so I apologize if Tom Woods or someone already has a video on it and I'm just being too lazy.

Inflation is theft because

Inflation is theft because we're forced to use dollars, or at least heavily penalized by legal tender laws if we don't. We have to pay our taxes in dollars and courts only protect lenders if their contracts stipulate payment in dollars. And the govt - the Fed - can print more dollars at a fraction of the cost, and even create more dollars digitally at nearly no cost, thereby stealing our purchasing power with ease.

That's why Ron Paul advocates removing the legal tender laws to allow competing currencies.

If we could transact without penalty using gold or a "real asset" backed currency instead of fiat dollars, while the purchasing power of our currency would still be subject to the laws of supply and demand, the control of the money supply would be in the market's hands instead of the govt. And as long as the govt didn't favor some other money with legal tender laws then people would be free to choose new money whenever they thought they'd be better off using something different.

It's the fact that we're forced to use dollars that makes printing more theft.

Never trouble trouble til trouble troubles you. Fortune Cookie

what are you guys? 12?

glad to see how far we've come...

Watch this full video from

Watch this full video from 35:31 mark onwards:

http://www.youtube.com/watch?v=EX55BH97quk

This man by the name of Pedro Schwartz BLASTS the Krugman idiot about his interest rate manipulation gospel, government spending = salvation mantra & rest of Keynesian BS.

He goes on to argue among other gems: SAVING IS GOOD, we DON'T NEED Central Banks messing around with our freedoms.

This Pedro Schwartz man is good. Message of free market, liberty, sound money is spreading in Europe. Great to see such a fraud like Krugman taken to task in other places he travels. They should KICK HIM OUT with a boot to his hind.

WOW!!! And the big applause Pedro Schwartz got was beautiful to see.

They go into full-on argument around 49:04 mark where Krugman JERK resorts to ad-hominem. Pedro Schwartz declares that he's OFFENDED. This whole episode is a sight to behold!

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
http://facebook.com/NoPropagandaZone
http://twitter.com/the_chiefe71

thanks for that!

pedro is awesome. i want him as my OTHER adopted grandfather.

ron's my first, if you didn't already get that.

Paul Krugman, in the part

Paul Krugman, in the part where the man declares he is very offended, reminds me of the scene in "The Social Network" where Sean Parker's character gives Eduardo Saverin the check for his investment out of the account he froze, playing the tough guy, then Saverin acts like he is going to punch Parker and he quivers like a little baby. Krugman actually has the audacity to declare conservatives say Keynesian are not smart enough to take part in the discussion. I, for one, have never heard someone on our side say "you aren't smart enought to understand what I am saying." However, I have beent told this by several liberals. I was actually told this last night by a child of a very liberal family who was trying to argue gasoline should be illegal so entrepreneurs would do more research and create solar powered cars to save the environment. I pointed out that #1 solar power is not competitive with gasoline or coal power and that #2 solar and wind power would have no positive effect on the environment because fields and entire ecosystems would have to be cleared to make room for enough windmills and solar panels to make a difference. Her response, predictably: "You aren't smart enough to understand".

Final update at 1:47:50

Final update at 1:47:50 mark:

Pedro Schwartz returns. In fact addresses the "Inflation is theft" question raised by young woman in original short video AND Krugman's garbage reply to it.

He shreds Krugman to pieces for disingenuity, claiming to hold high ground for his claim "only Keynesians have answers for unemployment, only Keynesians are humane & worry about suffering of the unemployed".

Overall, the entire full video is a joy to watch...specifically seeing Krugman run out of town in other countries.

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
http://facebook.com/NoPropagandaZone
http://twitter.com/the_chiefe71

Even more hilariously

Even more hilariously incriminating updates.

At 1:40:12 mark, a young man asks:

Professor Krugman, you requested the Federal Reserve to replace tech bubble with housing bubble in 2002. On the 10 year anniversary of your prescription, how would you like to repent for the suffering you've caused United States & rest of the planet?

What a slimy, filthy, disgusting answer Krugman JERKSTER gives. He literally LIES through his teeth. Watch it for yourself.

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
http://facebook.com/NoPropagandaZone
http://twitter.com/the_chiefe71

More updates:Watch this

More updates:

Watch this another GEM of a question from an older gentleman at 1:30:08 mark. Question is in EXCLUSIVE Spanish, but NO TRANSLATION neeed. He basically talks about the runaway US deficit & calls into question veracity of US treasuries as "standard bearer" for the entire planet. Question brings good amount of laughter from the audience with idiot Krugman's befuddled look.

Very cool to see these Keynesian FRAUDS being brutally exposed in other parts of the world.

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
http://facebook.com/NoPropagandaZone
http://twitter.com/the_chiefe71

Too bad she wasn't allowed a

Too bad she wasn't allowed a follow up as she could have pointed out that Krugman's inflation tax hurts the poor the most since they can least afford the drop in purchasing power brought about by additional money printing. It's also a regressive tax, as the poor can't avoid it while the rich can trade money for inflation protected assets.

Save us your concern for the poor, Krugman. Your concern is in keeping the fiat party going to fund your preference in govt - big and authoritarian.

Never trouble trouble til trouble troubles you. Fortune Cookie

she was hot hot hot... and

she was hot hot hot... and then the camera cut to a hideous bearded blob that argued for bailouts to stop the suffering of the unemployed, but never really explained how these unemployed would benefit.. especially over the long term.

The Keynesian economists pretend they are Robin Hood,

stealing value from the dollar and giving it to the poor. Problem is that the printed money only goes to the government and their crony capitalist colluders. The government just uses it to buy votes and payoff their supporters, not to help the "poor."

Case in point, who out there saw a dime from the TARP bailout go towards helping them with their under water mortgage?

a preview of the next part of ATLAS SHRUGGED the movie?

seriously. Ayn Rand called it.