Paul Krugman: The US Is Disinvesting In Our Future
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- Опубліковано 26 вер 2024
- Paul Krugman, Nobel Laureate in Economic Sciences discusses where we should be placing our concern when it comes to the US government's growing debt.
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He needs to take the Hillsdale class in Supply Side Economics
Krugman once said " The internet will be no more important than the fax machine". nuff said.
What are you doing to explain and educate our society, enough said.
😀This guy hasn't had a new or independent thought in 30 years
Imagine being one of the most intelligent and educated economists and having to answer all these stupid questions which have arison as a result of a debt scare propaganda campaign to enable special interests groups to remain in control of government and ensure people vote republican
"There are not a lot of things that we know to cause economic growth"
Right, the USA is the richest country in the world on accident. We just lucked it out of the park for the last 9 decades in a row.
This guy is an economic Nobel proze winner. What a silly profession.
much of that growth took place with the largest marginal tax rates known to man
If you don't plan on paying off your debt, then why would someone let you borrow.
Ask him this next.
Let's get to the bottom of things instead of saying the same thing. No economist ever finishes a conversation properly. No TV channel does either.
He's obviously aware of that dilemma. And he obviously has a response to it. Well what is it? Do I have to buy a book?
I wouldn’t waste my money on anything this guy writes.
It sounds to me like paul is dancing with mr. Brownstone and have no idea where the limit is. Is Paul willing risk the ranch?
the bellink pass
the older generation has been paying into the social security for a long time and paying taxes (if they are working) for a long time. The social security they’re receiving are what they were promised. Don’t promise them something you can’t deliver. It doesn’t seem fair to me that we cut them now. If anything, we should cut the future generations social security, before they start paying into the system, and phase it out. If you want to cut them. But we all know why that’s a problem. Cuz, like Obamacare, the social security is largely an unfunded/underfunded liability.
Regarding debt - he’s saying debt isn’t a problem because UK had it but was going thru Industrial Revolution and wasn’t a problem. Well, I don’t know about Krugman but I don’t think we are fast growing and I don’t think we should bank on the economy expanding at the speed of the Industrial Revolution on a percentage basis. Anybody with a bit of prudence would see that it’d be the responsible thing not to load up on debt any further. Sure, can we have another technology advancement to pull us out of this debt? I hope so. But we can’t bank on that.
my guess is the politicians won’t be able to resist writing checks out from a bank account that they don’t own.