Krugman Demanded a Housing Bubble

[Libero]

apparently Krugman responded to the digging up of the quotes in his blog...found out big time!

Krugman's Intellectual Waterloo - Lilburne - Mises Institute

[FONT=Arial][FONT=Verdana]You follow in the footsteps of serious thinkers like Hayek and Friedman.[/FONT][/FONT]

[FONT=Arial][FONT=Verdana]Now you’re quoting a blogger whose response to a defence of Krugman is pure ad hominem: “I can just imagine Kling running around his office in glee at having been nodded at by a celebrity Nobel Laureate, exclaiming, "He likes me! He likes me!"”[/FONT][/FONT]

[FONT=Arial][FONT=Verdana]The intellectual colossus behind the blog also engages in the fallacy of presenting a false choice to support his reading of Krugman’s remarks, eevn after Krugman himself presented an alternative explanation.[/FONT][/FONT]

[FONT=Arial][FONT=Verdana]Really, whether one is Austrian or Keynesian or whatever, you should do better than be so antagonistic towards your opponents that you make the public mistake of misinterpreting their remarks.[/FONT][/FONT]

[Left sceptical]

The ones showing themselves to be greedy are the unions, banks and government, for the peoples' money in return for some of the most expensive and worst public "services" in europe.

Thats a pretty pathetic attempt to distract away from my statement which was...

Plenty people work hard all their lives, it doesn't mean they are rewarded for their hard work. What kind of simplistic idiot boy view do you have of how this world works? The old, oh if you work hard you will be fairly rewarded is complete divorced from reality.
You attacked me, saying i'm making "all the wrong presumptions", while you make a foolish assertion like that, which was supposed to be the foundation of your argument. Heh!

I was backing up Sarahj's point about how equal societies do better while mocking the stupidity of your own selfish agenda. You seem blind of the facts presented, that a more equal society is a healthier, happier society.

Ye don't seem to like talking about the subject of equity.

Blame the banks etc and hopefully everyone will forget that we can have a much healthier, happier society if we make society more equal.

[sarahj]

Thats a pretty pathetic attempt to distract away from my statement which was...



Ye don't seem to like talking about the subject of equity.

Blame the banks etc and hopefully everyone will forget that we can have a much healthier, happier society if we make society more equal.

It's all about the blame game. Blame the people and somehting inherently nad instead of the system.

That solves two problems - makes the system look good and people look bad, thus stopping anyone from questioning whether a more fair alternative is possible.

[20000miles]

[FONT=Arial][FONT=Verdana]You follow in the footsteps of serious thinkers like Hayek and Friedman.[/FONT][/FONT]

[FONT=Arial][FONT=Verdana]Now you’re quoting a blogger whose response to a defence of Krugman is pure ad hominem: “I can just imagine Kling running around his office in glee at having been nodded at by a celebrity Nobel Laureate, exclaiming, "He likes me! He likes me!"”[/FONT][/FONT]

[FONT=Arial][FONT=Verdana]The intellectual colossus behind the blog also engages in the fallacy of presenting a false choice to support his reading of Krugman’s remarks, eevn after Krugman himself presented an alternative explanation.[/FONT][/FONT]

[FONT=Arial][FONT=Verdana]Really, whether one is Austrian or Keynesian or whatever, you should do better than be so antagonistic towards your opponents that you make the public mistake of misinterpreting their remarks.[/FONT][/FONT]

I agree with the jist of this. That post was originally a forum post by a member of the Mises forum, I have no idea how it ended up on the front page of the site. It's poorly written.

I'm not defending Krugman at all; he's been digging himself into a deeper hole ever since Bubble-gate happened, and quite frankly, the best Krugman can do is claim that he did support a housing bubble, however he thought Greenspan could get it under control (after having first caused it).

[cd27]

Re: above, for those who want a more equal society (as if that would solve anything) that implies deep cuts in the pay of the highest paid, i.e. public sector.

[sarahj]

Re: above, for those who want a more equal society (as if that would solve anything) that implies deep cuts in the pay of the highest paid, i.e. public sector.

WHAT?!?!

So now nurses earn more than CEOs and binmen earn moe than GPs?

Sure...