Paul Krugman teaches economic illiteracy

How many times do the Trump haters get to be wrong
and still get paid (or invited on CNN)?

If Mark Zuckerberg is going to ban anyone he should delete the paid advertisement that comes across our Facebook feed here at the Policy Werkes: “Paul Krugman teaches economics.” 

The man shouldn’t teach school recess. This New York Times columnist is a clock with no hands; he’s not even right twice a day. Your average on-line palm reader is more clairvoyant.

Stand aside, Hillary Clinton. Donald Trump is living rent-free in Paul Krugman’s head, so blinded is his hatred. 

often wrong paul krugman

Right there should have been the B.S. warning signal: The financial markets will “never” recover. NEVER?

­

Krugman, Nobel-winning economist, got Donald Trump very wrong in what is supposed to be the columnist’s wheelhouse: economics. In October 2016, a month before the presidential election, Krugman peered into his economic crystal ball and saw this static:

“If the unlikely event happens and Trump wins, you will see a market crash of historic proportions, I think. … (The markets) are terrified of him.”

After the voters had decided, Krugman doubled down.

“So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.”

So records Charles Gasparino in the NY Post in “Experts predicted economic Armageddon under Trump — where are they now?” (H/T Ann of Althouse)

Some economic recession!

To refresh our memories, the stock market took off like a sky rocket immediately after the election.

The market, as measured Friday (05-04-19) by Morningstar’s broad U.S. market index, has returned a hearty 14.95% over the last three years, 17.08% as measured by the Dow Jones industrial average.

The economic numbers released Friday show the U.S. economy added 263,000 jobs in April, while the unemployment rate dropped from 3.8% to 3,6% — the lowest since December 1969. Average hourly wage growth rose 3.2% on an annual basis. 

Forbes observes that Household debt of equivalent income was over 144% 10 years ago and is now at 99%, according to Federal Reserve data.

Voodoo punditry 

Krugman is no economist (here he is calling for a housing bubble several years before the collapse of 2008-09); he is the rankest partisan. Give him his bucket of Kentucky Fried. A sampler of his recent columns: 

  • “Survival of the Wrongest; Evidence has a well-known liberal bias” (written apparently without irony or self-awareness)
  • “The Great Republican Abdication; a party that no longer believes in American values”
  • “Republicans Are the Real Extremists; Conspiracy theorists and enemies of democracy”
  • “The incredible shrinking Trump boom” (this on 3-30-19!) and his pièce de résistance:
  • “Donald Trump Is Trying to Kill You.”

Blaska’s Bottom Line: Just remember that when our friends at The Capital Times quote Krugman as if he were Paul writing to the Ephesians. BTW: Was that James Clapper we saw last night (05-04-19) on Anderson Cooper? Yes it was! Some intelligence chief!

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About David Blaska

Madison WI
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57 Responses to Paul Krugman teaches economic illiteracy

  1. Bob Dorn says:

    From John Nolte about Chris Hayes conspiracy theory about the economy:

    Come close. Hear some truth.

    This is how it happened, y’all…

    When Obama was president, when Barry the Democrat was president, when a BLACK! man was president, millions and millions and millions of businesses got together, using Skype or something, and colluded to keep the economy down.

    What I’m saying is this… Obama’s failed economy had nothing to do with the burdens of Obamacare or all those regulations or him always running around threatening to raise taxes. Nope. Nope. Nope. Nope. It was a plot. A conspiracy. And after the Republican won, these very same business owners reconvened around a giant table, like the table SPECTRE uses, but bigger cuz there are millions of them, and said, Okay, now we hire! And then, they all sat around and laughed maniacally, like Dr. Evil as fluoride poured into the drinking water.

    Liked by 3 people

  2. Gary L. Kriewald says:

    Krugman reminds me of the legion of (false) prophets of Climate Change proclaiming their visions of impending doom and disaster. Anything that doesn’t conform to their world view–be it politics, economics, or science–must inevitably lead to the end of the world–the very definition of an apocalyptic cult.

    Liked by 1 person

  3. madisonexpat says:

    Mr. Krugman, “How much has a Nobel Prize been devalued since you, Al Gore and Barack Obama received them?”

    Liked by 2 people

  4. Cornelius Gotchberg says:

    @Gary L. Kriewald;

    “Krugman reminds me of the legion of (false) prophets of Climate Change”

    See any Solar Panels?

    Me either.

    Oy! our lyin’ eyes!

    The Gotch

    Liked by 1 person

    • AnonyBob says:

      Still stalking the homes of people you don’t like, you freak? Didn’t you get your ears boxed before for that here? You don’t learn lessons very well, do you.
      And WTF does Krugman having or not having solar panels have to do with anything?
      Anxiously awaiting your indignant reply of wordy gibberish. I know you won’t disappoint.

      Like

      • Cornelius Gotchberg says:

        @AnonyBob;

        “Still stalking the homes of people you don’t like,”

        FTR, I post pictures of homes belonging to people I DO like as well.

        Heck I’d even post a picture of your double-wide if I knew which Trailer Park it calls home.

        And posting a legally taken AND acquired picture of monumental hypocrisy is stalking?

        Good to know.

        “Didn’t you get your ears boxed before for that here?”

        Your witless babbling is less coherent than usual; you mixing meds…AGAIN?

        “You don’t learn lessons very well”

        It’s painfully clear YOU haven’t learned that arrogance and low self-esteem aren’t a good combination.

        “And WTF does Krugman having or not having solar panels have to do with anything?”

        The lucid miiiiight just question someone that clucks regularly about the Global Warming That’s Here And Worse Than The Models Predicted while living like a profligate Pharaoh, which would explain why you DON’T!

        And you defending pretentiously posturing piety?

        Priceless!

        The Gotch

        Liked by 1 person

        • AnonyBob says:

          Call me ”undisappointed.”

          Like

        • richard lesiak says:

          How about giving us a look at your friends homes. Batman, zoltar and of course your own.

          Like

        • richard lesiak wrote, “How about giving us a look at your friends homes. Batman, zoltar and of course your own.”

          I think you have conveniently forgotten the fact that I posted photos of places I previously lived. Your smear is unfounded BS.

          Liked by 1 person

        • Cornelius Gotchberg says:

          @richard lesiak;

          It’s highly likely that neither you nor your thinkalike @AnonyBob have the necessary mental dexterity to understand this, due in large part to a shared obliviousness to a fact-based reality, but here goes.

          No one, and I mean NO ONE, posted any pictures of where you LIVE, (apparently a 200 sf apartment). Refute that or STFU!

          There were pictures posted of where you LIVED, “past tense;” do you understand the difference?

          Didn’t think so.

          Anywho, hoping (but not hopeful) that you wouldn’t legitimately act like a whiny little pi$$ant, BOTH @Zoltar Speaks! AND The Gotch posted numerous pictures of places they both LIVED, “past tense;” quid pro quo, and then some.

          Now waddle back and atone with an appropriately groveling and contrite apology for your unconscionable assault on intelligence of those inhabiting a fact-based Universe!

          The Gotch

          Like

        • AnonyBob says:

          No, Gootch, you privacy-violating freak, you posted pics of where you THOUGHT he lived. The fact that you were inaccurate doesn’t excuse your intent of intimidation. If it was SO harmless, why’d Dave take ‘em down?
          And Squeaks, if someone else posted pics of where you lived, you’d be Squawking.

          Like

        • AnonyBob wrote, “No, Gootch, you privacy-violating freak, you posted pics of where you THOUGHT he lived.”

          Only brainless twits would continue to present that lie; Gotch didn’t post the photos of a particular area I did. That’s been discussed every time you two twits bring it up with your deflections and your mosquito sized brains just can’t seem to comprehend the facts. Here’s the fact that you and the twit-brained troll ignore; I was 100% positive that I was NOT posting photos of where Richard currently lived (in fact I posted absolutely no photos of any buildings) or I wouldn’t have posted it, that’s a fact and I stated that fact a long, long time ago.

          Below is a photo of a home that I’m absolutely positive you don’t live in, by yours and Richards ignoramus standards, I’m stalking you? You’re both idiot trolls.

          You and richard are internet trolls and absolutely every one of your rabbit hole deflections should be deleted by our honorable host Blaska. You’re both a cancerous infection to on topic discussions.

          AnonyBob wrote, “And Squeaks, if someone else posted pics of where you lived, you’d be Squawking.”

          Remember I literally posted photos of places I used to live. You make way too many irrational assumptions.

          Liked by 1 person

        • Cornelius Gotchberg says:

          @AnonyBob;

          Actually, the ONLY pictures I posted were pictures of MY former living accommodations.

          So waddle your fat @$$ back here and issue an appropriately contrite and groveling apology for embracing stupidity and posting FAKE NEWS.

          No wonder wifey wants to to cease-n-desist, she sees first hand how your being summarily pummeled here unmercifully each day has contributed to violent mood swings, substance abuse, night sweats, and (heh!) performance issues.

          The Gotch

          Like

        • AnonyBob says:

          Gee, Gootch, like Richard I seemed to miss seeing those photos of your place, and I follow this blog pretty closely. Are you…lying?

          Like

        • AnonyBob says:

          Ok Squeaks, so YOU posted the pics of where you thought Richard lived. I confuse you and Gootch when it comes to aggressive arrogant belligerence. And why did you post them? (You’d be beside yourself if someone did it to you.)
          Now I owe Gootch an apology. I am SO so sorry, Gootch, you belligerent pri…nice man. Don’t know how I’ll EVER get a good night’s rest again. Bad, bad, bad me.

          Like

        • AnonyBob wrote, “Ok Squeaks, so YOU posted the pics of where you thought Richard lived. “

          I wrote my comment in plain English, stop reading it dumbass.

          What part of my words, “I was 100% positive that I was NOT posting photos of where Richard currently lived”, did you not comprehend dumbass?

          Like

        • I wrote my comment in plain English, stop reading it in dumbass.

          Like

      • richard lesiak says:

        It’s more fun looking at Cohen’s new digs in Otisville. I’m sure there will be more trumpsters joining him soon.

        Like

        • Cornelius Gotchberg says:

          @richard lesiak;

          Didn’t you get the memo? More likely the case, you ”got it” and just didn’t “get it.”

          Lefty LUVS the lyin’ thievin’ deceivin’ Cohen because he did the only thing necessary to win Lefty’s craven approval: hatin’ on The Donald AKA President Trump.

          Same thing with Comey, McCain, the Koch Brothers, et al.

          Sensing a pattern, here?

          I am.

          C’mon, Lefty-n-Le Resistance is so singularly witless and monumentally shell-shocked & cowed by The Donald that they’d even exonerate Jack The Ripper if he flipped off the President, am I right?

          How’s your hero and soon-to-be-C Block pincushion Mikey Avenatti doing…?

          The Gotch

          Like

        • richard lesiak wrote, “It’s more fun looking at Cohen’s new digs in Otisville.”

          Cohen is an unethical attorney and a sleeze-bag for a human being.

          Like

        • richard lesiak says:

          how about some pic’s of where you live today. chicken s@#t?

          Like

      • AnonyBob wrote, “Still stalking the homes of people you don’t like, you freak?”

        1. You sir lying and you know it, that makes you a liar. No one stalked anyone, that was proven beyond a shadow of a doubt.

        2. Freak? Really? You people whine about insults and civility and yet you won’t bother to wash your own mouths out with soap. Clean your own house, hypocrite.

        Liked by 1 person

    • Gary L. Kriewald says:

      But wait, there’s more! Since 2005, polar bear populations overall have INCREASED albeit slightly. One thing for sure, polar bears are not in imminent danger of disappearing due to the effects of global warming. For more info, check out the website “Polar Bear Science” by Susan Crockford, zoologist, expert on the Holocene history of Arctic animals, and professor at the University of Victoria, BC (i.e., a card-carrying scientist). Looks like the Chicken Littles of climate change are going to have to find a new mascot.

      Like

      • Cornelius Gotchberg says:

        @Gary L. Kriewald;

        “polar bear populations overall have INCREASED albeit slightly”

        Actually more than slightly, and they’ve not only become nuisances, but obesity has become a problem.

        Brrr!!!

        The Gotch

        Like

        • richard lesiak says:

          I guess I missed all those pic’s of your place gotch. How about re-posting them for us.

          Like

        • richard lesiak says:

          It’s a good thing those bears don’t come to Wisconsin. With all the contaminated water, fish that your warned not to eat and land covered in crap from corporate farms they would not last long. All thanks to walker and the gop. At least they would not be in danger of getting killed by a car because with all the potholes drivers can’t get up to normal speeds.

          Like

        • Richard,
          Here’s your own words coming back to haunt you again

          “For the love of god, if you can’t post anything that adds to the conversation then STFU.”

          The haunting continues…

          Liked by 1 person

        • Cornelius Gotchberg says:

          @richard lesiak;

          As usual, the yap’s redlining while the brain is AWOL.

          Not that you would know (it being reality and stuff) but the bear population is thriving in WI, especially in Iron County.

          On that subject, we own several Iron County properties (and one in Gogebic County, MI on The Gitch) that are the vision of unspoiled loveliness. Same with my Sister & BIL’s places near Lake Butte des Morts and in Marinette County. Same with my Brother’s place on the Kickapoo River in Steuben. Same with former BIL’s place out in IA County just south of the Wisconsin River.

          Sensing a trend here? I am.

          That trend? You-n-reality are mutually exclusive.

          Too bad Ichabod Evers ALREADY has America’s Dairyland facing a $2 Billion (that’s BILLION with a B!) shortfall; probably for free tuition, drivers licenses, and more More MORE high quality/quantity free $#!T for illegal alien/democrat voters.

          But what do you care, you don’t pay taxes.

          Know what? We SURE coulda used some of that $2 Bill to clean up that toxic mess known as The Dells, am I right?

          The Gotch

          Like

        • richard lesiak says:

          to bad all those beautiful places your relatives own are spoiled by your attitude when you visit. Or do they even invite you?

          Like

      • madisonexpat says:

        Whale sharks back visiting S. California after 30 year hiatus.

        Like

  5. richard lesiak says:

    Hey fake name zoltar; all that talk about cohen, but yo forget he was the orange man’s lawyer for years. Everything he did the fat mango knew about and approved.

    Like

  6. Kevin Wymore says:

    Pardon me for introducing a fact, like a star rising in the East: The S&P 500 has escalated more than 40 percent in the last three years. I’m not claiming Mr. Trump has personally caused this meteoric rise, but rise the market has!

    And the 50 percent of Americans who own stock have particularly benefited. The lot of others have likewise improved by having the best jobless rate in 50 years. God bless America!

    Like

  7. George's Son says:

    Rickie L. & The Bobster: EZ and comprehensive ‘Net searches are simple. Anyone’s home (photo or property tax), COURT records (Rickie), and careers are instant-free-of-charge-no-hassle. Consider the dearth of yer research vs. the myriad resources -can either of you two fella’s Puh-leez offer more than a dog’s breakfast once in awhile?

    Like

    • Cornelius Gotchberg says:

      @George’s Son;

      “can either of you two fella’s Puh-leez offer more than a dog’s breakfast once in awhile?”

      Despite there being no reason to sully Man’s Best Friend by associating them with Step-n-Fetchit, Gut Laugh Leader Board entry notwithstanding!

      And like my Dear 94 year-old Father always says:

      “Gotchie, a good laugh’s better’n a pill!”

      The Gotch

      Like

    • richard lesiak wrote, “Why don’t you big talkin’ bozo’s put your real names on this blog like I do. Then we can all do record checks on you. I’m sure that searching gotch, batman, zoltar and George’s son will yield nothing. Nothing; just like you offer in your comments. I don’t fear anyone knowing my name, but don’t run your trap unless your ready to step up.”

      Just like all the other hive minded progressive totalitarian anti-constitution fools; put unwarranted and unreasonable conditions on a constitutional right, like free speech, before you’ll pay it any attention. The say the words but they don’t fololow through with them. What’s interesting is that even when people use their real names, and I do use my real name across the internet in comments and columns but ignorant people like richard lesiak don’t pay attention is the opinions offered if they differ from their hive mind. People like richard lesiak are the cowards not willing to engage in debate instead they troll the internet deflecting from debate that they don’t like.

      I choose when and where I posts commentary on the internet using my real name not a left wing extremist internet trolling hack like richard lesiak. Those that know me, know that when I write under my real name people get he same kind of things they get when I choose to use a pseudonym.

      Liked by 1 person

      • Cornelius Gotchberg says:

        “Those that know me, know that when I write under my real name people get he same kind of things they get when I choose to use a pseudonym.”

        That I will confirm without equivocation!

        The Gotch

        Like

  8. Paul Krugman appears to be following the Principles of Progressive Goebbelism very closely.

    The core principles are:
    1. If you repeat a lie often enough, people will believe it.

    2. If you repeat a lie often enough, it becomes the truth.

    3. If you tell a lie big enough and keep repeating it, people will eventually come to believe it.

    4. If you repeat a lie long enough, it becomes truth.

    5. If you repeat a lie many times, people are bound to start believing it.

    This is similar to the unethical false claims that AnonyBob and Richard Lesiak drag conversation with their false deflections accusing others of stalking and false ad hominems when they don’t have anything intelligent to say about the topic at hand or the comment they are replying to – this is what internet trolls do.

    …also…

    Progressives are the evil that they profess to be against, they are psychologically projecting their evil upon those they oppose.

    Liked by 1 person

    • Cornelius Gotchberg says:

      @Zoltar Speaks!;

      “This is similar to the unethical false claims that AnonyBob and Richard Lesiak drag conversation with their false deflections”

      The feebly flaccid, flailing failing, frustrating fiasco, of the final futile FUBAR known as The Lefty Way.

      The Gotch’s Razor also applies.

      The Gotch

      Liked by 1 person

    • richard lesiak says:

      Those 5 principles are right out of the trump playbook.

      Like

      • richard lesiak wrote, “Those 5 principles are right out of the trump playbook.”

        Nonsense.

        Your hive mind has been screaming for years that Trump has been lying when he’s stated that “there is no collusion” and fact based evidence supports his statement. All the political left has is smears, innuendo and lies.

        What I’ve seen from Trump over the last couple of years is that he changes up the things you people call lies or proves your claims false. He doesn’t use Goebbelism tactics, that’s reserved for the unethical and immoral progressives are trying to master the Principles of Progressive Goebbelism.

        Like

  9. madisonexpat says:

    And while the Progs take to the fainting couch over the outrage du jour they are in denial over the greatest fear to come; to wit, that middle class America is getting materially greater every day that they are employed, enjoying rising wages and paying lower taxes. 3.2% GDP and weed whacking the regulatory jungle is huge.
    Our growing economy is the EU globalistas worse nightmare.

    Like

    • Batman says:

      And always the 2nd Amendment.

      Like

    • Gary L. Kriewald says:

      Is it any wonder the lefties have given up trying to recruit middle-class Americans to their side? Instead they’re betting that an alliance of coastal elites, aggrieved minorities, and illegals (who, of course, deserve the right to vote) will somehow propel them into power. The fact that this strategy imploded epically in 2016 deters them not at all. Meanwhile, their frontrunner for the presidency is a befuddled old man who can’t get through an interview consisting of a string of softball questions without promptings from his wife. I seriously think he may be in the early stages of Alzheimer’s.

      Like

      • madisonexpat says:

        And felons. Dems want the felons to vote. Wonder why?
        Hey poor richard, if you vote for Bernie then Paul Manafort and Cohen can vote.

        Like

    • richard lesiak says:

      How’s that “easy to win” trade war going for ‘ya?

      Like

      • Cornelius Gotchberg says:

        From someone who not only embraces economic illiteracy with a vice-grip, but is one of Herr Krugman’s PRIZE students?

        Priceless!

        The Gotch

        Like

        • richard lesiak says:

          You really think this popular vote loser, twit-err-in- lala land orange fool can handle a trade war with China? He already F@#$#d up the big meeting, now will come the back-tracking BS that his base will lap up bigly. He’s doing just as good a job as keeping NK from shooting off more rockets. Oh yeah; they just did that.

          Like

  10. Batman says:

    Manchild lazyhack wrote:
    “I don’t fear anyone knowing my name, but don’t run your trap unless your ready to step up.”

    Take your own advice because you have yet to prove or offer evidence your moniker is authentic.
    You seem timid.

    Like

    • richard lesiak says:

      Send me a friend request on facebook batgirl. I know you won’t because you will have to expose yourself to me publicly. Let’s see how “timid” you are.

      Like

      • Batman says:

        Batman doesn’t do Facebook. This is the forum to prove your identity.
        You said you are fearless in that regard.

        Like

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