Dr. Krugman And The Economics of Hauling Coals To Newcastle

By: Repair_Man_Jack (Diary)  |  July 12th at 04:24 PM  | 

It seems that Keynesian Economists are similar to Bill Murray’s failed character in the movie Groundhog Day. They simply relive their errors until they work off their bad karma and correct their errant assumptions. Yet Dr. Paul Krugman, dominus et deus of the American Neo-Keynesians, seems stuck in an infinite karmic loop. He’s waking up on Groundhog Day forever, and sees the shadow of smaller | Read More »

If The Economy Grew, Why Aren’t The Workers Out Working?

By: Repair_Man_Jack (Diary)  |  January 29th at 01:22 PM  | 

I congratulate everyone who plays a vital role in determining the health of the US economy. Preliminary indications suggest that US GDP grew at an annualized rate of 5.7% in Q409. After accounting for the Barack Obama exaggeration functional transform, 60% of this number is still a solid 3.5%. . If a GOP President were in office, I’d be beating chest and calling out all | Read More »