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Re: The Economic Argument Is Over � And Paul Krugman Won

By: Cactus Flower in ALEA | Recommend this post (0)
Thu, 25 Apr 13 1:27 AM | 98 view(s)
Boardmark this board | The Trust Matrix 		Msg. 13389 of 54959
(This msg. is a reply to 13387 by clo)
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yes, not surprising given krugman's expertise re japan.

when the economy is up against the zero lower bound, stimulating the economy is non-inflationary.

this is a special condition. but we just experienced it.

reinhart-rogoff's 90% threshold always smelt like old baloney. confusing cause and effect (debt doesn't cause lack of growth, lackof growth causes debt) will get you in trouble every time.


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The above is a reply to the following message:
The Economic Argument Is Over — And Paul Krugman Won
By: clo in ALEA
Thu, 25 Apr 13 12:15 AM 		Msg. 13387 of 54959

The Economic Argument Is Over — And Paul Krugman Won

By Henry Blodget | Daily Ticker – 4 hours ago

(this stood out, let the betting begin! clo)

The discovery of this simple math error eliminated one of the key "facts" upon which the austerity movement was based.

It also, in my opinion, settled the "stimulus vs. austerity" argument once and for all.

The argument is over. Paul Krugman has won. The only question now is whether the folks who have been arguing that we have no choice but to cut government spending while the economy is still weak will be big enough to admit that.

http://finance.yahoo.com/blogs/daily-ticker/economic-argument-over-paul-krugman-won-150247189.html?vp=1

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