Yes I'm a big jackass Nick.

Despite your inability to accept it, I understand EXACTLY what Krugman is saying there. And it is:

"Rajan has maintained that raising interest rates is the best way to combat an economic bubble and all of the bad post-bubble-burst effects that come with it - consistently - since well before te current economic crisis.

But I've always disagreed with that theory, because well, I'm the type of economist who actually titles my "economics" blog "The Conscience of a Liberal" (no political or non-economics-driven agenda here!).

So today, I'm going to just outright lie and say that Rajan's CONSISTENTLY recommending higher interest rates didn't really happen, and I can re-characterize that as a "new position" that is somehow a convenient switch on his part, driven by his desire to fulfill a personal agenda (what?...).

In doing so, I'll (correctly) assume that my readers are so dumb, that I can characterize my OWN change of position on the issue as "being consistent - but having changed circumstances."

Like I said, if you actually read the COMMENTS to that entry, several commentators already pointed that out.

Not the imbeciles who think Krugman is a God.

The folks who actually have brains and can think for themselves.


He does crap like that ALL the time. And he gets called on it, ALL the time.

Gawd. You are an idiot.

Yep.

And Krugman is just a good "economist" who doesn't have an agenda:

Tyson:

"I often find that folks who are impressed with his columns or who agree with his point of view would quickly point out that Krugman is an economist. However, a surprising number of people don’t realize that Krugman is an opinion columnist for the paper. In fact, Krugman’s column is titled “Conscience of a Liberal.”

If the title of Krugman’s column isn’t a big clue to his extraordinary liberal bias, there is a study of his columns to back it up done by Cary, N.C., researcher Ken Waight, who operates the website “Lying in Ponds.”

Waight ranks the most partisan columnists every year based upon an analysis of all of their columns and the number of positive and negative references each columnist makes to Democrats and Republicans.

From 2002 through 2008, Paul Krugman was ranked the No. 1 most partisan Democratic columnist for seven consecutive years! (His Republican counterpart has most often been Anne Coulter). For 2009, Krugman dropped to the No. 4 most partisan Democratic columnist. The reason for this decline is the same reason that Krugman is now saying that we’re in a depression.

Krugman wants even more government spending than what the Obama administration has been supporting. This may be hard for political moderates and conservatives to believe, but Obama isn’t nearly liberal enough for Krugman!

...

Krugman has a horrible track record when it comes to his economic predictions. Like Nouriel Roubini, year after year beginning in 2002, Krugman would say that we were still mired in a recession or about to re-enter one. In a July 14, 2008 column, just as the economy and stock market began a terrible slide, Krugman predicted that concerns about a possible collapse of the government-sponsored lending agencies Fannie Mae and Freddie Mac were “overblown.” Months later, both Fannie and Freddie required a massive government bailout that ballooned to more than $100 billion.

Besides that huge blown call, Krugman also erroneously stated in that same column that Fannie and Freddie had no involvement with risky subprime loans...."


Lap it up...

And keep offering up poorly-written Krugman spin-pieces as justification for your ideology.

You don't even recognize good writing, never mind absence of spin.

In addition to abject stupidity, this is what is known as discrediting the messenger.

Riiiiight.

Being THE MOST partisan columnist in the entire United States (and the survey INCLUDES EVERYONE, even political columns and pure editorials) for basically a DECADE, means he's got "no spin."

To quote someone else:

Gawd, YOU'RE and idiot.

Knife's twisted brain:

That looks like what was on Knife's shoe, he had it so far up your ass.

Actually it looks like Nick's breakfast!

Thanks Tim, for contributing this to the actual topic of this thread - it's a good article that discusses the issues with a point of view I happen to agree with. (it was written by a musician, go figure) It always seems to go back to corporations selling us out if we don't protect our rights by paying attention to every despicable ploy they want to use to control us and take our money and our minds. In every genre. No matter the cost.
Boycott google and verizon!

The rest of you may return to playing with shit, eating it, or sticking your virtual foot up someone else's virtual ass...