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Time for Krugman to Leave Ivory Tower for Real World

d2lv2 Wrote: Jul 13, 2012 7:37 AM

I do not believe Krugman understands the simple law of supply and demand. If we follow his ideas, we would be in the same situation as France, Greece, Spain, etc. and other socialist counties.

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Time for Krugman to Leave Ivory Tower for Real World

I was on Capital Account once again on Wednesday with Lauren Lyster. The topics of discussion this time were the US and global recessions, auto sales, and Paul Krugman.

Link if video does not play: Paul "King" Krugman knocked off his Ivory Tower as Fools Sack the Hill!

I regards to Krugman, I concluded with ...

"His Keynesian thesis simply does not add up. We saw endless Keynesian and monetarist stimulus in Japan. It got them nothing. He learned nothing from Japan. He learned nothing from the great depression. Yet, because he has a Nobel prize, he can write a book...