Tuesday, October 14, 2008

More on Krugman

The Wall Street Journal has an excellent article on what praises Herr Kruggy deserves, and doesn't deserve:

In his popular writing, Paul Krugman is at his best when defending free trade. My favorite is example is his "Ricardo's Difficult Idea," published in the mid-1990s, in which he shares a frustration many of us economists have felt -- that the vast majority of noneconomist intellectuals don't understand David Ricardo's famous insight about free trade almost 200 years ago.

Ricardo grasped that people will specialize in producing the goods and services in which they have a comparative advantage. The result is that we never need to worry about low-wage countries competing us out of jobs; the most they can do is change those goods and services in which we have a comparative advantage. For example, though you can rake leaves faster than the teenager next door, it still makes sense to hire him because you have a comparative advantage in writing software programs. Mr. Krugman points out that most noneconomist intellectuals are unwilling to take even 10 minutes to understand this. But that doesn't stop them from writing about trade as if they're informed.

Don Luskin, however, resurrects the Krugman Truth Squad, with the cleverest line:

More likely, the Nobel committee decided deliberately to overlook Krugman’s political extremism, just as it chose to overlook John Nash’s schizophrenia in 1994. That’s not to say Krugman is crazy, though he has stated: “my economic theories have no doubt been influenced by my relationship with my cats.”

Whatever the committee was thinking, the only remaining question is what the living Paul Krugman will do with his $1.4 million prize. Will he pay taxes on it at the low rates established in 2003 by George W. Bush, a president and a policy that Krugman has worked so assiduously to discredit? Or will he voluntarily pay at the higher rates he advocates?


9/11 Truth Eddie said...

I realize the idiotic dweebs at "Screw Loose Change" are nothing new to 9/11 Truthers' ire and, quite frankly, laughs - because of how pathetic their vapid arguments are. However, in my few months of this blog, I have never taken a shot at them personally. Now, I have an overwhelming urge to comment on them, and I will apologize in advance to my readers, and say what I have to say.

These retards have spent the past three years futily attempting to debunk the Loose Change videos, the We Are Change conquests, and the 9/11 Truth movement in general. In the process they have made a significant name for themselves - via the corrupt and even MORE retarded mainstream media - but have also exposed themselves as one of two things; government co-intel operatives, or, the most fleeced, moronic and oblivious government-loving fools in recent history.

How did I get on this topic? Classic case of surfing. One thing led to another, led to another, and I found myself at the Screw Loose blogspot page. From there, I discovered a sub page maintained by one of the two pathetic shills that purport the government sponsored propaganda. It's called "The Chief Brief." Now, if that isn't the most pathetic grasp at wannabe-clever alliteration I've seen, words then escape me. The creator of the blog claims to be "a software geek... and part-time Chief Warrant Officer in the Army National Guard." Well, hey, National Guard, he must be right!

Guaranteed that this individual is one of the National Guardsmen chomping at the bit to gun down American citizens who oppose the "Bailout," the illegal government spying, and every other infringement on our Constitution. But, I digress.

On to some of the insanity posted on this Chief Brief rag.

I am getting more and more annoyed at these academic frauds, called the "Scholars for 9'11 Truth." Fortunately, their peers and the media seem to be picking them up and debunking them. - http://thechiefbrief.blogspot.com/2006/06/those-wacky-scholars.html

Uh, huh. Not like Scholars for 9/11 Truth is gaining membership, momentum, and credibility every day. Then again, this was posted more than two years ago, when morons still didn't believe the Truth Movement would prevail, and thus, it was safe to irrationally bash, make fun, and attempt to discredit.

Like all conspiracy theorists, they rely not on the scientific method but by focusing on third-generation rumors distorted from the original, and then the complete avoidance of any information that might contradict their theory. - http://thechiefbrief.blogspot.com/2006/05/truth-on-911-rumors.html

First off, the 9/11 movement backs up three-fold everything it claims - from the Loose Change crew, to David Ray Griffin's books, to the Alex Jones show. Secondly, unlike the supporters of the official fable, we don't rely on mainstream propaganda, Neo-Con rhetoric, or whitewashes by Bush/Cheney-selected commissions.

I have covered 9/11 conspiracy theorists in the past, and with the release of the movie United 93, they are starting to come out of the woodwork even more. - http://thechiefbrief.blogspot.com/2006/04/loose-change-loose-screw.html

You're g-damn right! There's never been a bigger fairytale motion picture full of government/intelligence propaganda to ever hit the big screen. Arab patsies. Box cutters. A bumbling air defense. Every Arabic catch phrase one can possibly imagine uttered by the "villains." A rag-tag bunch of passengers taking over a plane...

Then there's this blog: http://thechiefbrief.blogspot.com/2006/02/moonbattery-explained.html.

This is just a pathetic attempt to explain the fake CIA-borne bin-Laden videos, the lies regarding al-Qaeda's claim of responsibility for the 9/11 attacks, and on and on.

Frankly, I can't take anymore. But take one thing away with you... why is it that the most recent 9/11-related post on this rag is dated 3/22/08? Why is the next most recent dated 9/18/07? Maybe because they're running out of lies? Running of of propaganda? Maybe because the Truth movement is exploding and no one can logically deny it any longer?

All of the above!

9/11 Truth Eddie said...

by the way, the previous comment came from a recent blog at:


James B. said...

Actually I am philosophically opposed to the bailout. If you had read much of the blog you would have noticed all those capitalist Milton Friedman type comments on my part.

Regardless I don't think the National Guard is going to be shooting anyone anytime soon. Well, at least not domestically.

And your question about a lack of 9/11 posts is bizarre, considering you came here from Screw Loose Change, a blog entirely devoted to the subject. Short attention span, I take it.

And if you had been paying attention the Scholars for 9/11 Truth practically died out after they had a schism between Jim Fetzer and Steven Jones. I can't remember the last time I even read about them somewhere.

thanks for the comments, however stupid they might be

9/11 Truth Eddie said...

Not short attention span. Rather, I see that your unorganized, extremely poorly written blog was forsaken. If you had any balls, you'd keep it up. Just like I'm writing mine with no support, little readership, and no care. It's truth, and if you don't like it, go screw.

And yes, of course, the S/4/911Truth has died out. But, again, I have'nt seen you take on the A&E for 9/11 Truth. Nor have I seen you try to debate Jason Bermas anytime lately.

You are a joke, tied to the mainstream clowns. Your time has passed. 9/11 Truth is rising like a 16-year-old dick at a strip club. You all know you're done. You've hitched yourselves to the criminals in the mainstream media (MSM) and the Neo-Con warmongers. Well, one is completely dead (see- Bush looks like a corpse and Cheney is having "heart problems" again), and no one belives the other anymore, anyway.

I know you continue to spout your bull on the "Screw" blog. But if you had any balls, you'd keep your own site up.

But, you don't. You have to hide behind the tiny little web brigade that got behind bashing Loose Change.

James B. said...

Hey genius, look at SLC, we have discussed Richard Gage and AE911 on dozens of occasions. Heck, we devoted nearly an entire month to his cardboard box experiment.

Sorry, if between a full-time IT job, getting my masters, taking care of a family, serving as an officer in the reserves including 2 deployments, writing for a blog with tens of thousands of visitors a month, and all the rest of my interests and hobbies, I have not managed to keep this site up to your expectations.