From Nobel Prize Winning Economist Paul Krugman - The Big Dither

AssHatZombie said:
The shareholders should be wiped out. I was asking desh what she believes, she is unable to really say if shareholders should be wiped out, in her opinion. Read closer, nitwit.
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:)

I should read closer but you think my thought of throwing out the bankers somehow supports them.

Whether she thinks shareholders should be wiped out or not misses the point.

You're just looking for "gotcha's", not having a serious discussion.
 
Speaking of Stiglitz, here's what he says ..

"The fact of the matter is, the banks are in very bad shape. The U.S. government has poured in hundreds of billions of dollars to very little effect. It is very clear that the banks have failed. American citizens have become majority owners in a very large number of the major banks. But they have no control. Any system where there is a separation of ownership and control is a recipe for disaster.

Nationalization is the only answer. These banks are effectively bankrupt."

Joseph Stiglitz: Nationalized Banks Are the Only Answer
http://www.truthout.org/020609R

Which seems to be more in line with what I've been saying than what you're saying. In fact, it's exactly what I've been saying .. as has Stiglitz, Krugman, Roubini, Taleb .. and all the other economists who have been right.
 
blackascoal said:
Speaking of Stiglitz, here's what he says ..

"The fact of the matter is, the banks are in very bad shape. The U.S. government has poured in hundreds of billions of dollars to very little effect. It is very clear that the banks have failed. American citizens have become majority owners in a very large number of the major banks. But they have no control. Any system where there is a separation of ownership and control is a recipe for disaster.

Nationalization is the only answer. These banks are effectively bankrupt."

Joseph Stiglitz: Nationalized Banks Are the Only Answer
http://www.truthout.org/020609R

Which seems to be more in line with what I've been saying than what you're saying. In fact, it's exactly what I've been saying .. as has Stiglitz, Krugman, Roubini, Taleb .. and all the other economists who have been right.
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Im saying shareholders should be wiped out if they receive any government money at all. Evince was not clear on her belief. I think we're on the same page on this one.
 
blackascoal said:
Paul Krugman .. Nobel Prize winning Paul Krugman ..

.. cornered by Bill O'Reilly .. Disgraced minor pundit, wrong about everything Bill O'Reilly.

:cof1:
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Didn't Algore get a Nobel prize also? Says a lot about that institution. Too bad you put your entire argument on it.
 
There is the right hating on anything that has to do with Intellectuals and education.

The party of Dopes and Nope.
 
blackascoal said:
Speaking of Stiglitz, here's what he says ..
as has Stiglitz, Krugman, Roubini, Taleb .. and all the other economists who have been right.
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This is totally incorrect. The only school of economists that predicted this across the board were the Austrians and they believe in liquidation not nationalization so if we're basing our opinions on a go forward the Austrian school have been the best predictors of the current crises. 80% of those same neo-keynesians thought everything was fine over the last 10 years.
 
Southern Man said:
Didn't Algore get a Nobel prize also?
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Big differance from the Peace prize vs Economic prize. No doubt Krugman is a great technical economist and he won the prize on trade theory which he's a free trader. Doesn't mean he's always right, no economist is.
 
evince said:
Stupid is good huh?

damn those smart people with all their edumacations and science.


You people are retarded.
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Lots of people have lots of education and have no common sense. Algore's crap has been exposed, revealing ye stupidity of the Nobel folks.

Didn't they award Jimmy Carter also? *shrug*
 
Southern Man said:
Didn't Algore get a Nobel prize also? Says a lot about that institution. Too bad you put your entire argument on it.
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My entire argument is based on Krugman got the Nobel Prize because he has been proven correct about his economic analysis.

Your argument is based on the credibility of Bill O'Reilly.

Too bad they don't have a fall on the floor laughing my ass off emoticon.
 
Southern Man said:
Lots of people have lots of education and have no common sense. Algore's crap has been exposed, revealing ye stupidity of the Nobel folks.

Didn't they award Jimmy Carter also? *shrug*
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Nobel peace prize, its of course something you would hate.

You are a fucking idiot.

Do you KNOW what he won it for?
 
Obfuscate said:
This is totally incorrect. The only school of economists that predicted this across the board were the Austrians and they believe in liquidation not nationalization so if we're basing our opinions on a go forward the Austrian school have been the best predictors of the current crises. 80% of those same neo-keynesians thought everything was fine over the last 10 years.
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Then you don't know what you're talking about.

It's as simple as that.

On Sept. 7, 2006, Dr. Roubini stood before an audience of economists at the International Monetary Fund and announced that a crisis was brewing.

In the coming months and years, he warned, the United States was likely to face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession.

He laid out a bleak sequence of events: homeowners defaulting on mortgages, trillions of dollars of mortgage-backed securities unraveling worldwide and the global financial system shuddering to a halt.

These developments, he went on, could cripple or destroy hedge funds, investment banks and other major financial institutions like Fannie Mae and Freddie Mac.

Notice that I'm not here defending "neo-keynesians." It's a simple statement of fact that Roubini and Krugman, among others, correctly predicted this crisis, as did the Austrians.

Petere Schiff, who advised Ron Paul also predicted this crisis.

You seem to believe that it was just too difficult to see what was coming that only Austrians could figure it out.?
 
blackascoal said:
My entire argument is based on Krugman got the Nobel Prize because he has been proven correct about his economic analysis.

Your argument is based on the credibility of Bill O'Reilly.

Too bad they don't have a fall on the floor laughing my ass off emoticon.
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Again, your putting your faith in the Nobel organization, and they have been proven wrong many times. Look at these losers: http://listverse.com/politics/top-10-controversial-nobel-peace-prize-winners/

All I said that O'Reilly ripped Krugman apart. That's a fact.
 
Obfuscate said:
This is totally incorrect. The only school of economists that predicted this across the board were the Austrians and they believe in liquidation not nationalization so if we're basing our opinions on a go forward the Austrian school have been the best predictors of the current crises. 80% of those same neo-keynesians thought everything was fine over the last 10 years.
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If you'd like to pick a fight with someone who defends 80% of neo-keynesians, be my guest .. but your arguments are in the wrong conversation.

Are you suggesting that Roubini never gave that speech in front of the IMF?

If in fact he did .. which he did .. then you simply don't know what you're talking about and should probably look for a neo-keynesian to argue with.
 
blackascoal said:
Then you don't know what you're talking about.

You seem to believe that it was just too difficult to see what was coming that only Austrians could figure it out.?
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That's not what I said, my point is that Austrians predicted this for the past decade and only a fraction of Neo-Keynesians did. So IF we are going to base what we are going to do on a go forward based on which economists were right I'd go with the Austrians. That is all.
 
Southern Man said:
Again, your putting your faith in the Nobel organization, and they have been proven wrong many times. Look at these losers: http://listverse.com/politics/top-10-controversial-nobel-peace-prize-winners/

All I said that O'Reilly ripped Krugman apart. That's a fact.
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Your Nobel Prize angst doesn't have shit to do with the fact that Krugman's economic analysis has been proven correct and he's one of this countries most credible economist.

My point is that O'Reilly has no credibility on anything, let alone economic theories.

You believing he "ripped Krugman apart" is laughable.
 
Obfuscate said:
That's not what I said, my point is that Austrians predicted this for the past decade and only a fraction of Neo-Keynesians did. So IF we are going to base what we are going to do on a go forward based on which economists were right I'd go with the Austrians. That is all.
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Again, Krugman, Roubini, Taleb, and many others correctly predicted this crisis .. and "neo-keynesians" regardless of the fraction has absolutely ZERO to do with my statement.

You claimed they didn't see it coming, but the facts are that they did and they said so.
 
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