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A brief summary of Dr. Krugman's debate with the Beltway Insider Club:
This would be even funnier if it wasn't destroying the economy of western civilization. But still, pretty funny.
Dr. Krugman finds that "Idocracy" was more present-day documentary than satirical futurist speculation...
For those just catching up on this subject, here is a brief summary of Dr. Krugman's debate with the Beltway Insider Club over the last five years:
Krugman: Okay, look. You wanna solve this problem. So why don't we just try it, okay, and not worry about what economies crave?"
Entire Beltway Media Consensus: But austerity has what economies crave!
Entire Beltway Media Consensus: It's got Reinhart-Rogoff!
Krugman: What is Reinhart-Rogoff? Do you even know?
Entire Beltway Media Consensus: It's what they use to make austerity.
Krugman: Yeah, but why do they use them to make austerity?
Entire Beltway Media Consensus: Cause austerity's got Reinhart-Rogoff.
http://driftglass.blogspot.com/2013/05/escapist-literature-my-ass.html
For those just catching up on this subject, here is a brief summary of Dr. Krugman's debate with the Beltway Insider Club over the last five years:
Krugman: Okay, look. You wanna solve this problem. So why don't we just try it, okay, and not worry about what economies crave?"
Entire Beltway Media Consensus: But austerity has what economies crave!
Entire Beltway Media Consensus: It's got Reinhart-Rogoff!
Krugman: What is Reinhart-Rogoff? Do you even know?
Entire Beltway Media Consensus: It's what they use to make austerity.
Krugman: Yeah, but why do they use them to make austerity?
Entire Beltway Media Consensus: Cause austerity's got Reinhart-Rogoff.
http://driftglass.blogspot.com/2013/05/escapist-literature-my-ass.html
