In response to:

Is Anybody Surprised that Krugman Was Wrong about U.K. Fiscal Policy?

Optimus Maximus Wrote: Jan 24, 2013 12:35 PM
Krugman is a strange little man with a Napoleon complex, convinced of his mental superiority and oblivious to the real-word abysmal results of his idiotic Keynesian advice. All the statistics, logic, and historical precidence in the world can not persuade him of the incorrectness of his positions. That anyone would still even care to print or hear his opinions is itself proof of the depths of chicanery to which our media has sunk.
Earl29 Wrote: Jan 24, 2013 2:15 PM
Keynes may have been a genius, but his followers are mostly clueless about economics.
wiseone Wrote: Jan 24, 2013 3:31 PM
Keynes was no genius. He was the economic equivalent of an alchemist. The fact that he was successful and famous is due only to the ignorance of the general masses about economics.

In the words of Dirty Harry, he was a legend in his own mind.

Just like in the United States, politicians in the United Kingdom use the deceptive practice of “baseline budgeting” as part of fiscal policy.

This means the politicians can increase spending, but simultaneously claim they are cutting spending because the budget could have expanded at an even faster pace.

Sort of like saying your diet is successful because you’re only gaining two pounds a week rather...

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