General Discussion

kpete

(72,895 posts) Fri Feb 1, 2013, 10:24 AM Feb 2013

166

KRUGMAN-'US ruled by fear of nonexistent threats+promised rewards that haven’t arrived & never will' [View all]

So what do we learn from the rather pathetic search for austerity success stories? We learn that the doctrine that has dominated elite economic discourse for the past three years is wrong on all fronts. Not only have we been ruled by fear of nonexistent threats, we’ve been promised rewards that haven’t arrived and never will. It’s time to put the deficit obsession aside and get back to dealing with the real problem — namely, unacceptably high unemployment.

http://www.nytimes.com/2013/02/01/opinion/krugman-looking-for-mister-goodpain.html?_r=0

64 replies

= new reply since forum marked as read

Highlight:

KRUGMAN-'US ruled by fear of nonexistent threats+promised rewards that haven’t arrived & never will' [View all] kpete Feb 2013 OP

The biggest non-existent threat is a collapse of the bond market with stimulus. Spitfire of ATJ Feb 2013 #1

they're still beating that tom tom... CTyankee Feb 2013 #29

A Right Winger will flip out if you say, "share the wealth" and call it "Commie".... Spitfire of ATJ Feb 2013 #43

better to talk about loopholes for "some" and income disparity which has resulted. CTyankee Feb 2013 #44

The PROBLEM as Krugman points out is the notion that Washington will waste money,... Spitfire of ATJ Feb 2013 #45

not if you point out how the system allowed the wealthy to keep more of their income CTyankee Feb 2013 #49

Doesn't matter. Republicans are telling the workers times are tough.... Spitfire of ATJ Feb 2013 #52

That has worked in the past but now workers are seeing how royally they have gotten CTyankee Feb 2013 #53

Actually, it was the bailout that woke people up.... Spitfire of ATJ Feb 2013 #55

the crazy fringe alas will always be with us... CTyankee Feb 2013 #56

As long as they're fed. Spitfire of ATJ Feb 2013 #60

Wonderful article. JDPriestly Feb 2013 #2

K&R abelenkpe Feb 2013 #3

Krugman. Not Simpson and Bowles. nt MannyGoldstein Feb 2013 #4

K&R libtodeath Feb 2013 #5

He proposes the policies that any accredited macro economics 101 course would teach. xtraxritical Feb 2013 #8

Stick with Democrats.... like Rubin, Geithner, and Summers... bvar22 Feb 2013 #13

I think you're forgetting about a completely obstructionist RepubliCON congress... xtraxritical Feb 2013 #24

Bvar actually makes a fair point Scootaloo Feb 2013 #25

That's the "there is nothing we can do" rationalization. The Presidential appointments have rhett o rick Feb 2013 #33

You used the wrong side.... Spitfire of ATJ Feb 2013 #41

Um, he was rejected from consideration out-of-hand by the President in his first term. Egalitarian Thug Feb 2013 #17

Krugman sulphurdunn Feb 2013 #11

Astute observation The Wizard Feb 2013 #30

Exactly. We must get more progressive people in Congress. rhett o rick Feb 2013 #34

Yep. Neo-liberalism has been enshrined by the PTBs....... socialist_n_TN Feb 2013 #37

Perfectly said libtodeath Feb 2013 #39

"any mention of socialism gets shouted down..." socialist_n_TN Feb 2013 #42

AGREE 100% supercats Feb 2013 #46

Sorry. bvar22 Feb 2013 #12

Well said. Currently the elite are making money by the tons at the expense rhett o rick Feb 2013 #36

k/r 840high Feb 2013 #6

K and R nt. thanks for posting Stuart G Feb 2013 #7

People and nations have been ruled by nonexistent threats and rewards since the beginning of time. backscatter712 Feb 2013 #9

Yes, that omnipotent narcissist in the sky siligut Feb 2013 #50

I LOVE this article. Zax2me Feb 2013 #10

He doesn't want it. But Stiglitz volunteered with Krugman's endorsement. Egalitarian Thug Feb 2013 #15

...and unacceptably low wages. Egalitarian Thug Feb 2013 #14

DURec leftstreet Feb 2013 #16

Wall street ciminals realized that the powers that be Rex Feb 2013 #18

K&Rugman (eom) eomer Feb 2013 #19

I think he is brilliant libodem Feb 2013 #20

Keep kicking ass and taking names, Paul! No one does it better than you... freshwest Feb 2013 #21

Maybe Warren will get in and take him with her. toby jo Feb 2013 #22

K&R woo me with science Feb 2013 #23

K&R haikugal Feb 2013 #26

K&R Sherman A1 Feb 2013 #27

A tale by Aesop tama Feb 2013 #28

kick woo me with science Feb 2013 #31

Low air pressure joetubes Feb 2013 #32

One thing I have appreciated about DU is.. ananda Feb 2013 #35

Yes, indeed. Jobs please! Good paying jobs please! RickFromMN Feb 2013 #38

I did not read it because the headline says everything. jwirr Feb 2013 #40

Ruling by fear of nonexistent threats and rewards is the Republican platform. nt SunSeeker Feb 2013 #47

If it's government ...it's lies. If they can lie to get a war going without punishment then... L0oniX Feb 2013 #48

K&R patrice Feb 2013 #51

The focus of all those who argue on the correct side (like Krugman) is tblue37 Feb 2013 #54

Oh, I think he knows it pretty damn well! He just can't accuse them of it... CTyankee Feb 2013 #57

Yeah--you're almost certainly right. It is frustrating as all get out, though, isn't it? nt tblue37 Feb 2013 #61

that's why some smart person photoshopped Paul's head on that pic of George Clooney CTyankee Feb 2013 #62

I LOVE that picture. nt tblue37 Feb 2013 #63

We oughta do a "we're sorry" thingie like we did after W won in 04... CTyankee Feb 2013 #64

Carrot, stick, etc..... DeSwiss Feb 2013 #58

k&r n/t RainDog Feb 2013 #59