I'm not sure what "job" he holds, if any. He's famous because he's famous, not like Paris, but more like Carl Yastremski. Krugman won a Nobel 15 years ago, Yaz won the Triple Crown in 1967, not duplicated until Miguel Cabrera did it in 2012. The difference as Yogi said: "In theory, there's no difference between practice and theory; in practice, there is." Yaz practices. Krugman works in theory, not in practice, kinda like Yellen, Jay Pow, Bernanke and thier ilk. I wish Yaz got in on all that bezzle. Kirk out.
If you want to see somebody get pissed off, skip the grocery price questions and go straight for the health insurance. I’m getting steamed up just typing this.
In 1971 when the redemption of dollars for gold was ended, abrogating the Bretton Woods agreement, the "world price" was about $40.80 per ounce troy of gold. Today it's about $1929/oz. The price of gold has increased, on average, $36.31 each year for 52 years. That's a reasonable measure of the debasement of the currency. The 1792 mint act provides for the death penalty for the debasement of the coinage. But we are unlikely to see it enforced.
In his forward looking way, Hayek first proposed competing currencies in 1976, no doubt anticipating the coming difficulties with fiat money. In 2002, my friend Clyde Harrison said, "Fiat currencies don't float. They sink at different rates." And sink they have.
Inflation and currency debasement has contributed to the massive wealth disparity we see today. The military industrial financial pharmaceutical complex hates humanity and wants to enslave mankind. Free market money offers some ways out.
5% wage increase. 15% rate increase for clients. After previous rate increase 12 months previous. Depending on the weather CPI 7-13%. It's all make believe stuff.
I just renewed my company's insurance for next year; I felt lucky it was only 8% because it is usually double digits. But CPI tells me something different. CPI is a fantasy world. My company has a high deductible policy so it essentially covers almost nothing.
Paul Krugman needs to lose his job. Period.
I'm not sure what "job" he holds, if any. He's famous because he's famous, not like Paris, but more like Carl Yastremski. Krugman won a Nobel 15 years ago, Yaz won the Triple Crown in 1967, not duplicated until Miguel Cabrera did it in 2012. The difference as Yogi said: "In theory, there's no difference between practice and theory; in practice, there is." Yaz practices. Krugman works in theory, not in practice, kinda like Yellen, Jay Pow, Bernanke and thier ilk. I wish Yaz got in on all that bezzle. Kirk out.
Krugman is the best comedian on earth. I especially enjoy his endless impersonations of a senile economist.
If you want to see somebody get pissed off, skip the grocery price questions and go straight for the health insurance. I’m getting steamed up just typing this.
There must be some seriously interesting hedonic adjusts in health care.
I should go to the beach too.
In 1971 when the redemption of dollars for gold was ended, abrogating the Bretton Woods agreement, the "world price" was about $40.80 per ounce troy of gold. Today it's about $1929/oz. The price of gold has increased, on average, $36.31 each year for 52 years. That's a reasonable measure of the debasement of the currency. The 1792 mint act provides for the death penalty for the debasement of the coinage. But we are unlikely to see it enforced.
In his forward looking way, Hayek first proposed competing currencies in 1976, no doubt anticipating the coming difficulties with fiat money. In 2002, my friend Clyde Harrison said, "Fiat currencies don't float. They sink at different rates." And sink they have.
Inflation and currency debasement has contributed to the massive wealth disparity we see today. The military industrial financial pharmaceutical complex hates humanity and wants to enslave mankind. Free market money offers some ways out.
5% wage increase. 15% rate increase for clients. After previous rate increase 12 months previous. Depending on the weather CPI 7-13%. It's all make believe stuff.
I just renewed my company's insurance for next year; I felt lucky it was only 8% because it is usually double digits. But CPI tells me something different. CPI is a fantasy world. My company has a high deductible policy so it essentially covers almost nothing.
The line about young families not being able to afford children is a tragic reality I see all the time.
I would love to see a survey of CFO’s who follow the advice of Krugman and base their projections on what this clown says.
It is truly unbelievable what comes out of this so called expert’s mouth.