Tuesday, April 2, 2013

Paul Krugman is mentally challenged.


Paul Krugman has made some of the world's most ridiculous claims regarding economics, and has rightly earned the ire of rational economists on both the Austrian School contingent, along with a number of fairly mainstream Neo-classical thinkers. We all remember a lot of his juicier assertions of recent history, such as trying to pump up the nation for another World War in order to spur economic growth, or even the outlandish scenario of an alien invasion along the lines of War Of The Worlds or Independence Day as a means of reviving a stagnant economy. (There's a whole array of idiotic ideas courtesy of the Krug-meister cataloged at Paul Krugman is an idiot.

One has to wonder if what the Nobel Committee had been smoking that fateful day when it gave Krugman the Nobel Prize for economics would spur economic growth if it were legalized, but our esteemed dunce of a village idiot would probably argue for its continued prohibition on the grounds that the money spent on enforcement would like stimulate the economy. The same could be said about the New York Times when they allowed Krugman to publish the following gem on their allegedly prestigious paper.

But perhaps most amusing of all is the prognostications that Krugman made about the Internet back in 1998, yet further accredit to the fact that MIT has a good number of bizarre ideologues with sway over the future minds of this naiton. One has to wonder how in 1998, at the height of the technological revolution, that a so-called respected economist could argue that the Internet's impact on the economy would equal that of the fax machine. Similarly, the notion that IT specialist jobs would evaporate goes beyond outlandish to downright insane given the way things had progressed since the mid 90s.

It's actually hilarious that Krugman uses titles for his inane predictions like "Why Most Economists Are Wrong", because he has been wrong on just about everything since becoming a player on the economic stage. Yet, much like his MIT compatriot Noam Chomsky, thousands of brainless fools swallow everything this buffoon vomits out without even seeking a second opinion from another thinker in the same economic school, let alone trying on a different school of thought. The author of this blog does not seek to tell people HOW to think, but when it comes to issues where others are affected, is it too much to ask for people TO think before putting all their cards down on one guy's opinion?


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