The Problem With The "Expert"
...by "expert" I mean Paul Krugman. Here is a guy who is, essentially, the economic authority in America. He teaches at Princeton, won the Nobel Prize in Economics (which is almost as insane as Obama winning the Nobel Prize for anything), and, worst of all, preaches his Keynesian blather all over the New York Times for every impressionable would-be scholar to read.
Now, what has Krugman said that perterbs me so? Well, honestly, its just that he was mentioned in an article and it got me thinking about it again, but soon enough I was back to fond memories of Krugman preaching how wonderful our economy is, how we need to offset the dot-com bubble with a housing bubble, how interest rates need to go lower and lower and government spending needs to go higher and higher. And while every “expert” on Wall Street, at the Fed, and on the Hill is crying the same thing (except Ron Paul of course) while simultaneously mocking legit economists like everyone at the Mises Institute, Peter Schiff, and, to some extent, Jim Rogers for their archaic outlook on economics.
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