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Thread: Put it on the Credit Card Says Krugman

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    Default Put it on the Credit Card Says Krugman

    Leviticus 19:33 And if a stranger sojourn with thee in your land, ye shall not do him wrong. 34 The stranger that sojourneth with you shall be unto you as the homeborn among you, and thou shalt love him as thyself; for ye were strangers in the land of Egypt: I am the LORD your God.

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    Quote Originally Posted by RStringfield View Post

    What's the problem with the column?

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    Quote Originally Posted by RStringfield View Post
    Your a fucken idiot!

    Paul Krugman >>>>>>>>>>> RSpringfield

    CK
    Quote Originally Posted by Topspin View Post
    graphs generally follow each other, which means there's not constant factor ya moron

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    yeah, i'm not seeing the issue. maybe you can extrapolate your theory for us?

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    Quote Originally Posted by Dungheap View Post
    What's the problem with the column?
    It's stupid. He's claiming it would be better if Americans were spending money they do not have. That's ridiculous and will not happen because the people are a bit more sensible than witch doctors. So, Krugman says the government should do it for them.

    Our nation's capital has been eaten away by the Fed bubble. We don't need the government pissing away more of it.
    Leviticus 19:33 And if a stranger sojourn with thee in your land, ye shall not do him wrong. 34 The stranger that sojourneth with you shall be unto you as the homeborn among you, and thou shalt love him as thyself; for ye were strangers in the land of Egypt: I am the LORD your God.

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    Quote Originally Posted by RStringfield View Post
    It's stupid. He's claiming it would be better if Americans were spending money they do not have. That's ridiculous and will not happen because the people are a bit more sensible than witch doctors. So, Krugman says the government should do it for them.

    Our nation's capital has been eaten away by the Fed bubble. We don't need the government pissing away more of it.

    I didn't read it as saying that people should be spending money that they don't have. Rather, he's saying its unfortunate that people have no money to spend, which it is.

    At least, that's the way I read it.

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    Quote Originally Posted by RStringfield View Post
    It's stupid. He's claiming it would be better if Americans were spending money they do not have. That's ridiculous and will not happen because the people are a bit more sensible than witch doctors. So, Krugman says the government should do it for them.

    Our nation's capital has been eaten away by the Fed bubble. We don't need the government pissing away more of it.
    Your nation's capital has been eaten away because you have too many stupid Americans like RSpringfield who spend more than they make....

    CK
    Quote Originally Posted by Topspin View Post
    graphs generally follow each other, which means there's not constant factor ya moron

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    It was eaten away because people were spending money they did not have, but thought they did due to the rising value of their homes.
    Leviticus 19:33 And if a stranger sojourn with thee in your land, ye shall not do him wrong. 34 The stranger that sojourneth with you shall be unto you as the homeborn among you, and thou shalt love him as thyself; for ye were strangers in the land of Egypt: I am the LORD your God.

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    Quote Originally Posted by RStringfield View Post
    It's stupid. He's claiming it would be better if Americans were spending money they do not have. That's ridiculous and will not happen because the people are a bit more sensible than witch doctors. So, Krugman says the government should do it for them.

    Our nation's capital has been eaten away by the Fed bubble. We don't need the government pissing away more of it.
    I'm not trying to be annoying here, but what's your suggestion?

    We have an economy that is basically reliant on spending (no big surprise there). The indicators are that this is drying up at a VERY alarming rate; to me - and I admit I'm no economist - it seems that this could lead to a very bad cycle where no one spends that much, more businesses suffer, those businesses lay off people & cut back working hours as a result, and even more people spend even less, and so on.

    Krugman has been advocating that we can spend our way out of this for the past few weeks; on its surface, it seems insane, because debt is a huge national problem, but the alternative is that spending continues to retract & disappear on both the personal & national level.

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    I didn't get that out of the article. I read that we aren't spending and he'd like to see a stimulus package that wasn't handing money to people who probably wouldn't spend it.
    Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but rather we have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit.
    - -- Aristotle

    Believe nothing on the faith of traditions, even though they have been held in honor for many generations and in diverse places. Do not believe a thing because many people speak of it. Do not believe on the faith of the sages of the past. Do not believe what you yourself have imagined, persuading yourself that a God inspires you. Believe nothing on the sole authority of your masters and priests. After examination, believe what you yourself have tested and found to be reasonable, and conform your conduct thereto.
    - -- The Buddha

    It is the mark of an educated mind to be able to entertain a thought without accepting it.
    - -- Aristotle

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    reading comprehension should be a required course before posting on political forums.

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    Quote Originally Posted by Damocles View Post
    I didn't get that out of the article. I read that we aren't spending and he'd like to see a stimulus package that wasn't handing money to people who probably wouldn't spend it.
    He's arguing the government should spend because the people will not. We have nothing to spend. The problems of the aging population are just around the corner and we are eating our capital.
    Leviticus 19:33 And if a stranger sojourn with thee in your land, ye shall not do him wrong. 34 The stranger that sojourneth with you shall be unto you as the homeborn among you, and thou shalt love him as thyself; for ye were strangers in the land of Egypt: I am the LORD your God.

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    Quote Originally Posted by SmarterThanYou View Post
    reading comprehension should be a required course before posting on political forums.
    Leviticus 19:33 And if a stranger sojourn with thee in your land, ye shall not do him wrong. 34 The stranger that sojourneth with you shall be unto you as the homeborn among you, and thou shalt love him as thyself; for ye were strangers in the land of Egypt: I am the LORD your God.

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    Quote Originally Posted by RStringfield View Post
    relax brother libertarian. i'm just trying to help you avoid unnecessary knee jerk reactions.

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    Quote Originally Posted by Onceler View Post
    I'm not trying to be annoying here, but what's your suggestion?

    We have an economy that is basically reliant on spending (no big surprise there). The indicators are that this is drying up at a VERY alarming rate; to me - and I admit I'm no economist - it seems that this could lead to a very bad cycle where no one spends that much, more businesses suffer, those businesses lay off people & cut back working hours as a result, and even more people spend even less, and so on.

    Krugman has been advocating that we can spend our way out of this for the past few weeks; on its surface, it seems insane, because debt is a huge national problem, but the alternative is that spending continues to retract & disappear on both the personal & national level.
    Money is like water. Bottle it all up and it stops raining.

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