Wednesday, February 22, 2012

The World According To The Krugman

In his interview in Playboy magazine we get to know the way that Paul Krugman sees the world. The views are so wacky that they hardly need refutation:

-During the housing bubble, "money was flowing easily", but that had of course nothing to do with the institution pursuing an easy money monetary policy.

-The United States is a banana republic because its government isn't spending enough.

-People who want to shrink the size of government are really motivated by racism, even though they won't admit it these days.

-China is an enemy to America because it sells cheap goods to Americans.

-Adolf Hitler, while creating a human catastrophe, was an economic hero who saved the world economy.


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