“The growth of the Internet will slow drastically, as the flaw in "Metcalfe's law"--which states that the number of potential connections in a network is proportional to the square of the number of participants--becomes apparent: most people have nothing to say to each other!” wrote Krugman.
“By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's.”
Nobel Prize-winning economist Paul Krugman says critics of ObamaCare should cease and desist, because the law is "working." Given his track record on health care analysis, we'll politely ignore this advice. -InvestorsBusinessDaily
The growth of the Internet will slow drastically, as the flaw in “Metcalfe’s law”—which states that the number of potential connections in a network is proportional to the square of the number of participants—becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s. -Former Enron Advisor, Paul Krugman
Liberal, Hate, Character, Press, Smears, Murder, Trump
Liberal New York Times columnist Paul Krugman suggested Friday that President-elect Donald Trump could have an incentive to allow or launch a 9/11-style attack on the United States once in office. Krugman wrote that President George W. Bush came into office with questions surrounding his legitimacy that were “dispelled” by the Sept. 11 terrorist attacks. Krugman surmised that gave Trump “interesting incentives.”
When Liberal Ignorance Reaches an Offensive Level...
The Most Efficient Healthcare
"The most efficient health care systems are integrated systems like the V.H.A.; next best are single-payer systems like Medicare; the more privatized the system, the worse it performs." -Paul Krugman
Liberal, Brilliance, Oops, Economy
To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble. -Former Enron adviser Paul Krugman
A Former Enron Advisor PrognosticatesIt really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
-Former Enron Advisor Paul Krugman, Nov 9, 2016
Liberal, Brilliance, Press, Economy
Ghastly as it may seem to say this, the terror attack -- like the original day of infamy, which brought an end to the Great Depression -- could even do some economic good. -Former Enron adviser Paul Krugman
Hypocrisy, Liberal, Financial, Funny, Brilliance, Oops
With war looming, it's time to be prepared. So last week I switched to a fixed-rate mortgage. It means higher monthly payments, but I'm terrified about what will happen to interest rates once financial markets wake up to the implications of skyrocketing budget deficits... But what's really scary -- what makes a fixed-rate mortgage seem like such a good idea -- is the looming threat to the federal government's solvency... Even though the business community is starting to get scared -- the ultra-establishment Committee for Economic Development now warns that ''a fiscal crisis threatens our future standard of living'' -- investors still can't believe that the leaders of the United States are acting like the rulers of a banana republic. But I've done the math, and reached my own conclusions -- and I've locked in my rate.
From Enron to Socialized Medicine. Paul Krugman really knows his stuff.
The VA: "Huge Policy Success Story"
"What Mr. Romney and everyone else should know is that the V.H.A. is a huge policy success story, which offers important lessons for future health reform... And yes, this is “socialized medicine” — although some private systems, like Kaiser Permanente, share many of the V.H.A.’s virtues. But it works — and suggests what it will take to solve the troubles of U.S. health care more broadly." -Paul Krugman
An eminent writer on economics for a rival paper tells me that he and his colleagues long ago decided to ignore Krugman. They just stopped responding to his hectoring exercises in economic fantasy, or even mentioning his name, because to respond, no matter how critically, accorded Krugman a legitimacy, a seriousness, he didn’t deserve. There is something to that. To respond to Paul Krugman is like staring at the poor chaps who stand on street corners shouting obscenities at imaginary enemies. It just isn’t polite, and mothers are right to shade their children’s eyes and hurry them by such pathetic scenes of mental anguish. “What’s wrong with that man, Mommy?” “Hush, children, it’s impolite to point and stare. Let’s get along home.” -Roger Kimball
Liberal, Hate, Character, Brilliance, Narrative, Oops, Smears, Demagoguery
When you heard the terrible news from Arizona, were you completely surprised? Or were you, at some level, expecting something like this atrocity to happen? Put me in the latter category. I’ve had a sick feeling in the pit of my stomach ever since the final stages of the 2008 campaign. I remembered the upsurge in political hatred after Bill Clinton’s election in 1992 — an upsurge that culminated in the Oklahoma City bombing. And you could see, just by watching the crowds at McCain-Palin rallies, that it was ready to happen again. -Paul Krugman
Fake heroes like Bernie Kerik, Rudy Giuliani, and, yes, George W. Bush raced to cash in on the horror. And then the attack was used to justify an unrelated war the neocons wanted to fight, for all the wrong reasons.
From Enron to Socialized Medicine. Paul Krugman really knows his stuff.
One Of The Best Kept Secrets...
"For the government doesn't just pay the bills in this system--it runs the hospitals and clinics. No, I'm not talking about some faraway country. The system in question is our very own Veterans Health Administration, whose success story is one of the best-kept secrets in the American policy debate. -Paul Krugman
Environmentalist, Liberal, Incitement, Crazy, Demagoguery
And as I watched the deniers make their arguments, I couldn’t help thinking that I was watching a form of treason — treason against the planet. To fully appreciate the irresponsibility and immorality of climate-change denial, you need to know about the grim turn taken by the latest climate research. -Former Enron adviser Paul Krugman
Hypocrisy, Liberal, Character, Press
Daniel Okrent, while ombudsman for the New York Times, wrote that “Paul Krugman has the disturbing habit of shaping, slicing and selectively citing numbers.”... Okrent forced the Times op-ed page to adopt for the first time a corrections policy for op-ed columnists.
Liberal, Character, Brilliance, Press, Lie
PAUL KRUGMAN, NEW YORK TIMES: This is hard to get people to do, much better, obviously, to build bridges and roads and healthcare clinics and schools. But my proposed, I actually have a serious proposal which is that we have to get a bunch of scientists to tell us that we're facing a threatened alien invasion, and in order to be prepared for that alien invasion we have to do things like build high-speed rail. And the, once we've recovered, we can say, “Look, there were no aliens.”
Liberal, Brilliance, Narrative, Press, Elitism
The president of Estonia chewed out Paul Krugman on Wednesday, using Twitter to call the Nobel Prize-winning economist "smug, overbearing & patronizing," in response to a short post on Estonia's economic recovery...
President Toomas Hendrik Ilves responded to Krugman in a series of outraged tweets, taking offense to Krugman's tone and writing that Krugman didn't know what he was talking about. "We're just dumb & silly East Europeans. Unenlightened. Someday we too will understand," he tweeted. "Guess a Nobel in trade means you can pontificate on fiscal matters & declare my country a "wasteland". Must be a Princeton vs Columbia thing."
"You and Al Gore really need to talk about it. This is a real problem. If people don’t agree with you all the time … you just feel like you have to take the cheap shots." -Joe Scarborough