[kj] OT: Nobel prize-winning economist Paul Krugman on the economic crisis

[sade1]

> as an economist he supports the continuance and acceleration of Bush's insanity 

> of propping up malinvestments and failed performance with huge spending. 


But he only supports huge spending as opposed to the other alternatives being offered at the time (late '08/early'09): to let them all (the banks) fail, or receive woefully low bailouts. He'd say huge spending was never his first choice.  I think he stopped saying it after a while, prolly assuming his preference was by then known.


 
... ... ... ... ... ... 

[looking at the current state of things..]
 
'Save me...
  save me from Tomorrow..
    I don't want to sail in this Ship Of Fools...'   





________________________________
From: Matthew Burke <marsboy1 at msn.com>
To: gathering <gathering at misera.net>
Sent: Thursday, April 30, 2009 8:46:07 AM
Subject: [kj] OT: Nobel prize-winning economist Paul Krugman on the economic crisis

I thought he was good on the war and torture (which are subjects now forgotten in the haze of a mystery flu).  But, as an economist he supports the continuance and acceleration of Bush's insanity of propping up malinvestments and failed performance with huge spending.  This is the Keynesian madness that got us to the point of collapse, and now with the new puppet in the White House is leading to outright fascism.  The Federal Reserve designed this disaster, why should we give them more power?

Didn't mean to piss on anyone's parade, I didn't get much sleep.




> Date: Thu, 30 Apr 2009 16:20:12 +1000

> From: "Brendan Quinn" <bq at soundgardener.co.nz>

> Subject: [kj] OT: Nobel prize-winning economist Paul Krugman on the

> economic crisis

> To: "'A list about all things Killing Joke \(the band!\)'"

> <gathering at misera.net>

> Message-ID: <2A08447174E44AB0AD0433DBCDBED5F9 at HeadHigh>

> Content-Type: text/plain; charset="us-ascii"

> 

> Excellent analysis / 101 on the GFC - Global Financial Crisis - by Paul

> Krugman. 

> 

> 

> 

> http://video.google.com/videoplay?docid=-1924996584154381146

> <http://video.google.com/videoplay?docid=-1924996584154381146&ei=VMD4ScTGN5X

> 8qAPEq6TpCw&q=economic+crisi> &ei=VMD4ScTGN5X8qAPEq6TpCw&q=economic+crisi



      
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