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Paul Krugman: Elections over! I can think now

Paul Krugman: Elections over! I can think now

Mickey Kaus
December 11, 2012 | 5:05PM

R.U.R. belong to U.S.? Paul Krugman’s Sunday column suggests two relatively unfamiliar explanations for both low employment and inequality: #1) Robots: It’s possible “technology has taken a turn that places labor at a disadvantage.” Automation raises productivity in the long run, but in the short run–which can be “several decades”–it can put large numbers out of work; #2) Monopoly power: Increasing concentration across the American economy “could be an important factor in stagnating demand for labor, as corporations use their growing monopoly power to raise prices without passing the gains on to their employees.”

Read more: http://dailycaller.com/2012/12/11/krugman-elections-over-i-c...

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To Paul Krugman

Don't kid yourself.

Now you can think?

Are you sure?

I wish a robot would take over his job

freakin' Krugman lol

Has He Even Read Bastiat And Mises?

Even if he dismisses it?

___________________________________________________________________________
"Bipartisan: both parties acting in concert to put both of their hands in your pocket."-Rothbard

Krugman, Bastiat, and Mises

Even if Krugman read them, he probably couldn't understand them, if he understood them, he wouldn't agree with them, and perhaps most disgracefully, if he understood and AGREED with them, he would NEVER make his agreement with them public!

There is no doubt that Krugman, like Bernanke and Geithner, PREFER to wallow in Keynesian lies and fraud, rather than avail themselves of any opportunity to speak the truth!

THIS is what makes Krugman's et al. ignorance of economics so contemptible! It is part and parcel of a fraud that is going to destroy our economy and inflict great suffering on hundreds of millions of innocent people who really don't know anything about economics, and shouldn't be expected to.

PEACE AND FREEDOM!!

"The worst thing that can happen to a good cause is not to be attacked successfully, it is to be defended badly". F. Bastiat

"First they ignore you, then they laugh at you, finally they attack you, and then you win"! Mohandas Gandhi

Cyril's picture

True. But he knows how to lick

True. I doubt he ever understood anything from these.

But he knows how to lick. A hell of a lot and for long.

Oceans of saliva, nature provided him with, if one asks me.

Otherwise, someone please explain me just how he possibly could get all his past and current "research grants", for the utter nonsense he published.

I just can't see another rational explanation.

http://www.dailypaul.com/264950/paul-krugman-schooled-by-aus...

Not only intellectually but also emotionally fraudulent, as above link's video shows.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Yes, Emotionally Dishonest Too

Dr. Schwartz dissects his book over thirteen minutes' time, yet Krugman focuses on one offhand comment so he can feign offense and spare himself a real debate.

___________________________________________________________________________
"Bipartisan: both parties acting in concert to put both of their hands in your pocket."-Rothbard

Why is this guy running his mouth off

When he could be out breaking windows?

The Curse of Machinery!

If it weren't for those pesky combine harvesters we could all be picking cotton!

Economics in one Lesson: (HTML) (PDF)

chapter 7. The Curse of Machinery

Among the most viable of all economic delusions is the belief that machines on net balance create unemployment. Destroyed a thousand times, it has risen a thousand times out of its own ashes as hardy and vigorous as ever. Whenever there is long-continued mass unemployment, machines get the blame anew. This fallacy is still the basis of many labor union practices. The public tolerates these practices because it either believes at bottom that the unions are right, or is too confused to see just why they are wrong.

The belief that machines cause unemployment, when held with any logical consistency, leads to preposterous conclusions. Not only must we be causing unemployment with every technological improvement we make today, but primitive man must have started causing it with the first efforts he made to save himself from needless toil and sweat.

read on...

bump for Henry Hazlitt!

.

"Alas! I believe in the virtue of birds. And it only takes a feather for me to die laughing."

Keynesians seem to think people want to work...

when what they really want is the benefits derived from work.

9-11 was a panda job.

Exactly. People unjustly want "the benefits derived from work".

Keynesians covet so they need to demonize sound money and oppose liberty. Eventually both the covetous horde and the fiat slavers declare money itself to be evil, and they'll do it while trying to take everyone around them as slaves.

Ayn Rand: "Money is your means of survival. The verdict you pronounce upon the source of your livelihood is the verdict you pronounce upon your life. If the source is corrupt, you have damned your own existence. Did you get your money by fraud; by pandering to mans vices or mans stupidity, by catering to fools in the hope of getting more than your ability deserves, by lowering your standards, by doing work that you DESPISE for purchasers you SCORN?

If so, your money will not give you a moments or a pennies worth of joy; then all the things you buy will become not a tribute to you, but a reproach, not an achievement, but a reminder of shame. Then you'll scream: "Money is evil!" Evil, because it would not pinch hit for your self respect? Evil, because it would not let you enjoy your depravity?

Is this the root of your hatred of money?"

Krugman's Keynesian Krackpottery

One more complaint about machinery putting workers out of work!

Tell me, all wise and all-knowing Prof. Krugman, would you recommend that we should outlaw the use of shovels, trucks, and carts in earth moving or construction work, and give the workers teaspoons and matchboxes instead?

You could gainfully employ so many millions more...

The question is rhetorical PK. Nobody at the DP (or anywhere else) even WANTS to read your reply!

PEACE AND FREEDOM (two ideas that you will NEVER understand)!!

"The worst thing that can happen to a good cause is not to be attacked successfully, it is to be defended badly". F. Bastiat

"First they ignore you, then they laugh at you, finally they attack you, and then you win"! Mohandas Gandhi

Cyril's picture

What a FRAUD

What a ...

F R A U D

Seriously. Yeah, right. We've got to blame technology, now.

Of course, that was it !

Mr. Paul FRAUD Krugman.

Or is it

Mr. Paul LEECH Krugman ?

applied Mathematics of Large Scale Rigging and Theft :

THAT is Mr. Krugman's domain.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Break some windows, throw

Break some windows, throw some shoes. Whatever it takes.

Southern Agrarian

"Ghastly as it may seem to say this,

the terror attack -- like the original day of infamy, which brought an end to the Great Depression -- could even do some economic good."

- Paul Krugman, NYTimes editorial 2001-09-14

http://www.nytimes.com/2001/09/14/opinion/reckonings-after-t...

He Doesn't Even Know The Broken Window Fallacy

Robert Higgs: "War Prosperity: The Fallacy That Won’t Die"
http://www.independent.org/newsroom/article.asp?id=442

___________________________________________________________________________
"Bipartisan: both parties acting in concert to put both of their hands in your pocket."-Rothbard

Keynesians crack me up.

Keynesians crack me up. Especially when they try to argue against technological/robotic advancements as bad for productivity and the work force. So I guess we would have all been better off if quit producing back in the day steam power, or quit building railways, or created automobiles for quicker transportation.

Dumb Keynesians; so short-sighted!

"Dumb Keynesians; so short-sighted!"

When questioned about the long-run sustainability of Keynesian stimulus policies, Keynes famously quipped: "in the long-run, we are all dead." In other words, yea, it's a complete disaster in the long-run, but so what? I'll have already gotten tenure...

I support only one form of Keynesian stimulus, sending Krugman and Bernanke into the Nevada desert, Krugman digs holes, Bernanke fills them back in, they must continue until we reach full employment.

"Alas! I believe in the virtue of birds. And it only takes a feather for me to die laughing."

What a sick joke...

...that is, that this imbecile is even considered an economist.

-There can't be simultaneous inflation and high unemployment.

-Paying people to dig ditches and fill them back in is productive.

-Capital accumulation reduces real wages.

...any more wisdom you can impart to us, Professor Krugman? : /

Krugman is not an academic, he is a witch-doctor. He doesn't seek truth, he invents rationalizations for power. Like this guy:
http://www.youtube.com/watch?v=T2IqJ6VIvME

"Alas! I believe in the virtue of birds. And it only takes a feather for me to die laughing."