Krugman wants to spend, spend, spend until the Chinese send Guido to collect and people are using dollars for toilet paper, while spouting misleading (false, really) figures about how difficult it will be to service the interest on the debt.
This article is heavy with ad hominem attacks on the economists making honest projections and extraordinarily lean on verifiable fact. It's just Krugman saying "Oh yeah, it won't be that much and interest rates will be low forever, mkay?"
Well, he's wrong, of course, as as intellectually dishonest here as he is in any of his other propaganda. The "you own the bank" line is particularly telling of his disingenuousness and failure to seriously consider the problem.
In short: that's bunk that doesn't even make an honest attempt to substantiate itself or refute the claims it disagrees with.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
timeasmymeasure
no subject
Date: 2009-12-01 09:24 pm (UTC)This article is heavy with ad hominem attacks on the economists making honest projections and extraordinarily lean on verifiable fact. It's just Krugman saying "Oh yeah, it won't be that much and interest rates will be low forever, mkay?"
Well, he's wrong, of course, as as intellectually dishonest here as he is in any of his other propaganda. The "you own the bank" line is particularly telling of his disingenuousness and failure to seriously consider the problem.
In short: that's bunk that doesn't even make an honest attempt to substantiate itself or refute the claims it disagrees with.