Paul Krugman’s Insane Solution for Recessions
Krugman's prescribed solution to the problem is to do even more of what caused the problem in the first place.
Archive
Federal Reserve
Did the Fed Save Us from a Deeper Recession?
The New York Times suggests the world should be grateful to the Federal Reserve for preventing a deeper recession, but this overlooks two key things.
An ‘Economist’ Who Shills for the Masters of the Universe
Simply stated, the influential Paul Krugman is a shill for the very same Masters of the Universe whose system he pretends so hard to be against in order to deceive the masses effectively into acquiescing to their own slavery. If you've ever wondered why I blog about him so much, this is why.
Video: Mike Maloney – The US Dollar WILL Collapse
GoldSilver.com's Mike Maloney chats with Cambridge House Live's Bridgitte Anderson about gold, silver and why he believes the US dollar will collapse.
When Someone Denies Paul Krugman Called for a Housing Bubble, They Are Either a Fool or a Liar
Paul Krugman describes it as a "canard" and Dean Baker accuses anyone who points it out of being "either a fool or a liar", but the truth is that, yes, Krugman did in fact call for the Fed to create a housing bubble in 2002. The best Dean Baker can do is to quote Krugman doing so, but then deny that he actually meant it by asserting that Krugman was being "sarcastic", adding "So let's cut the crap." Yes, let's cut the crap, indeed. All we have to do to see that Krugman did in fact mean it is to look at the quote Baker refers to in its context.
My Review of Hunter Lewis’s Book ‘Free Prices Now!’ in Barron’s
My review of Hunter Lewis's book Free Prices Now! Fixing the Economy by Abolishing the Fed was published in Barron's last weekend.
Gold vs. Fiat Currency: Which Is the ‘Barbarous Relic’?
Enlightened economists of the future will look back at the current grand global experiment with fiat currencies and regard governments' efforts to create wealth by running a printing press or punching buttons on a computer keyboard as the true "barbarous relic".
Krugman Admits the Federal Reserve Causes Bubbles
Following the Fed's announcement that it will reduce its purchases of U.S. bonds and mortgage-backed securities by $10 billion, down to $75 billion per month, Paul Krugman implicitly admitted that the Federal Reserve causes bubbles. He commented on the "worry" that the Fed's inflationary policy of quantitative easing (QE, i.e., money printing) "is feeding speculative bubbles" by replying that "surely that’s a feature of cheap money in general".
Paul Krugman’s Intellectual Dishonesty: Wealth Inequality
In his New York Times column earlier this week, Paul Krugman tried to make a case for increasing government spending in order to combat wealth inequality (i.e., wealth redistribution), but some of the premises upon which he constructed his argument illustrate his deep intellectual dishonesty.
Noam Chomsky on the Federal Reserve
I have an enormous amount of respect for Noam Chomsky. His analyses of U.S. foreign policy are brilliant, and he has been a huge influence on my own work. But over the years, there are two topics on which I have found him extremely disappointing. One is his unquestioning acceptance of the government's official account of 9/11, and the other is his take on the Federal Reserve.
Will the Fed Taper Soon?
Will the Fed taper soon? The New York Times suggests so, reporting that the Federal Reserve is preparing to reduce its bond-buying under its policy of "quantitative easing", a.k.a. money printing. But there's a problem...
Keynesian Economists Are the Problem
Paul Krugman writes that "there is something wrong with the structure of the economics profession. We don’t seem to need different economics as much as we need different economists." He got one thing right: we need different economists, because economists like Paul Krugman are very much a part of the problem.
Krugman: No Inflation During Bubble Years,If You Exclude Food, Energy, and Home Prices!
Oftentimes, Paul Krugman maintains his Keynesian theology by deliberately missing the point of people who say things that don't conform to it.
In a post yesterday, he takes issue with the argument that there was indeed substantial price inflation during the housing bubble years and the corollary that the Fed monetary policy was "too loose", meaning that it was printing too much money out of thin air. The argument is that the inflation might not have shown up in the CPI, it showed up in food and energy prices, and in the bubble itself, with its rising home prices.
Keynesian Economics Looks Pretty Good If You Ignore Its Disastrous Consequences
Paul Krugman professes on his blog that the experience of the Great Recession has shown that "Keynes is looking pretty good." Never mind that it was Krugman's Keynesian economic theories that led him to advocate a Fed policy of printing money to push interest rates down in order to create a boom in housing following the collapse of the dot-com bubble.
Janet Yellen’s Vow to Continue Fed Money Printing and Inability to See Anything ‘Bubblelike’
During Janet Yellen's Senate confirmation hearing for the job of Chairwoman of the Federal Reserve, she "made clear that she was committed to continuing the Fed’s stimulus campaign", as the New York Times reports, using a euphemism for printing money out of thin air. "She generally cast herself as committed to continuing the policies of the current Fed chairman, Ben S. Bernanke. "
Don’t Ever Play Chess With Paul Krugman
On his blog this week, Paul Krugman again addresses the fear that the world will lose confidence in the U.S. government's ability to pay back its debt and stop lending it money (i.e., buying Treasury securities). Nobody who worries about this happening, he...
Alan Greenspan’s New Book Whitewashes Fed’s Role in Causing the Financial Crisis
Former Fed Chairman Alan Greenspan has a new book out, The Map and the Territory: Risk, Human Nature, and the Future of Forecasting, in which he tries to explain why nobody saw the 2008 financial crisis coming. And there's his first problem: some...
The Truth About Central Banking and Business Cycles
When central banks send the wrong messages to savers and consumers trying to coordinate their plans, boom and bust cycles lengthen and worsen.
Hidden Secrets of Money Episode 4: ‘The Biggest Scam In The History of Mankind’
Learning this will change your life, because it will change the choices that you make. If enough people learn it, it will change the world... because it will change the system.
Putting Off Judgment Day
Paul Krugman argues that the U.S. government should again postpone its fiscal day of reckoning a bit further into the future to keep this confidence game going bit longer.
About the Author
I am a truly independent journalist and Research Fellow at The Libertarian Institute whose work is focused on exposing dangerous mainstream propaganda that serves to manufacture consent for criminal government policies.
I'm the author of several books, including Obstacle to Peace: The US Role in the Israeli-Palestinian Conflict The War on Informed Consent, Ron Paul vs. Paul Krugman: Austrian vs. Keynesian Economics in the Financial Crisis, and The War on Informed Consent, which features a Foreword by Robert F. Kennedy, Jr.
Topics I have covered over the years include 9/11 and the "war on terrorism", the war on Iraq, the Israel-Palestine conflict, the role of the Federal Reserve in the economy, and so-called "public health" policies including vaccines and the COVID-19 lockdown madness.
The aim of my work is to empower people with the knowledge needed to see through the lies and to create a brighter future for our children.
Stay updated with my work by signing up for my free newsletter, and also be sure to follow me and share the knowledge on social media!