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cthulu2016

(10,960 posts)

10. Please specify the bad effect of the debt

Reply to Neue Regel (Reply #1)

Fri May 25, 2012, 11:14 AM

May 2012

You would prefer we not rack up debt. Okay. But shouldn't you identify some real-world ill associated with that debt?

What is the benefit of taking our lumps?

Also, the political problem with Keynesian economics is one political party's problem.

The last time we had a boom economy Bill Clinton was President and the budget was in surplus -- exactly how it is supposed to work.

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Highlight:

Oracle smack down: Krugman vs. Laffer [View all] cthulu2016 May 2012 OP

The problem with Keynesian economics Neue Regel May 2012 #1

Lets start by not spending on stupid things exboyfil May 2012 #2

You're painting with too broad a brush. Jim Lane May 2012 #3

It is not a problem with Keynes quaker bill May 2012 #6

Please specify the bad effect of the debt cthulu2016 May 2012 #10

I've been reading Krugman ever since he started writing for the NYT. CTyankee May 2012 #4

Jeremiads are Tough to Read Amster Dan May 2012 #5

Titanic is right. I would get a sinking feeling back then when I read his columns and I CTyankee May 2012 #8

He's not always right... JHB May 2012 #7

What has he been wrong on, in your opinion? CTyankee May 2012 #9

He is always right about the liquidity trap, but cthulu2016 May 2012 #11

I didn't start reading him until he started writing his column for the NYT. CTyankee May 2012 #15

Paul Krugman, Robert Reich, James Galbraith, Joseph Stiglitz hifiguy May 2012 #12

not Dean Baker? hfojvt May 2012 #13

Him, too. I don't see his work as much since hifiguy May 2012 #14

well he is at CEPR hfojvt May 2012 #16