Krugman is a joke
RealClearMarkets.com – With the Environment, Krugman Forgets the Poor
“…my daughter just finished her first year of college. Having taken two introductory economics classes, when presented with Krugman’s column this morning, she immediately noticed the error and shouted “broken window fallacy.” Given that Krugman wrote an introductory economics textbook, I was surprised he would make such an error.”
My guess is that Krugman didn’t forget the poor, he just chose to ignore them in favor of advancing a costly, ineffective and false narrative. It seems that Krugman has decided to ignore the realities of economics and to twist and contort himself in an effort to support his progressive allies. For him, it’s easy to disregard Economics 101 because, well, because he wants to.
You know, it used to be a pretty big deal when someone won a Nobel prize. It meant that you were among the best in the world for what you do. But the Nobel prize has become nothing more than a popularity contest with the winner being the one that can demonstrate how progressive they are. I mean, when you have peace prize winners like Yasar Arafat and Obama (after being in office for only a couple of months and doing literally nothing to earn it), the award becomes totally devoid of value. Throw in the likes of Al Gore and Paul Krugman in the list of winners and it becomes laughable.