04
Oct
2018
Keeping Up With the Murphys
I am not sure how backlogged I am, so I’ll err on the side of posting some repeats:
==> Contra Krugman episodes 155, 156, 157, and 158.
==> Lara-Murphy Show episode 63 (“Why Learn Austrian Economics?”).
==> And my latest at mises.org: A collection of Krugman Kontradictions! Fun for the whole family.
RE:
It was so obvious but I rarely see anyone evoke the sequester.
Similarly, I never see the Great Depression explained as well as Bob’s “Great Depression’ (read soon after finding this blog.
Remember when that buffoon Krugman declared ex cathedra “GDP won’t grow by 3%”?
Pepperidge Farms remembers:
https://www.bloomberg.com/news/videos/2017-03-01/economist-paul-krugman-doesn-t-see-return-to-3-growth
Also from aforementioned buffoon:
“We’re pretty close to full employment.” – March 2017
Unemployment:
—THEN: 4.5% in March 2017 when this statement was made
—NOW: 3.7% in Sep 2018
That 0.8% difference is equivalent to 2,898,000 million more people employed.
ANY economist who STARTS with aggregate spending in their deductions will forever be ignorant of reality.
My personal “fave”:
Buffoon channeling his inner dictator demon:
“The sustainable pace of growth does not look like it’s above 2%…there’s nothing in policy that would raise the growth rate [to 3%]. Nobody. You could make me total dictator and do everything I think would work and it still wouldn’t get you up more than a few tenths of %”