Krugman Wrong Again


	Krugman Wrong Again

willhelm

7-13-2009 10:30 PM

156 views

willhelm says:

Quite possibly the most bone-headed man in America.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/839a8dc0-a885-40f9-af41-845b745d079d/B7DB2FCD-6F98-41BB-9EF3-99AB9AB7E30B/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blog.mises.org/archives/010271.asp" href="http://blog.mises.org/archives/010271.asp" style="font-size: 11px;">blog.mises.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.mises.org/archives/010271.asp">Paul Krugman in the <A href="http://www.denverpost.com/search/ci_12815035">Sunday Denver Post</A>, "Obama needs to tell it straight with stimulus," is again using faculty economic theory and an erroneous interpretation of economic history to persuade the political establishment that the current stimulus package is not working, not because it was misguided, ineffective by design, and failed to meet the administrations own guidelines for a good stimulus package; timely, targeted, and temporary, but because it was too small.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.mises.org/archives/010271.asp"> over 200 prominent university economists</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.mises.org/archives/010271.asp"><P>argued,  </p> <P>"we ... do not believe that more government spending is a way to improve economic performance.  More government spending by Hoover and Roosevelt did not pull the U.S. economy out of the Great Depression in the 1930s.  More government spending also did not solve Japan's 'lost decade' in the 1990s.  As such, it is a triumph of hope over experience to believe that more government spending will help the United States today."</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B7DB2FCD-6F98-41BB-9EF3-99AB9AB7E30B/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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