Kloppy86 (November 30, 1999 at 12:00 am)

Seems like today every idiot can win the nobel prize. As well as every idiot can get president of the USA. Sick sad world...Austrian economics ftw

greyflcn (November 30, 1999 at 12:00 am)

re: monegarandHere ya go.greyfalcon. net/ depression.pngAs for Austrian economics, HAH!greyfalcon. net/ doonsbury.pnggreyfalcon. net/ debt2.pnggreyfalcon. net/ stocksgreyfalcon. net/ gdpAustrain economics, is like someone with a brain injury that only has short term memory.Short term profit motive can't solve all economic problems.

TimeWarp66 (November 30, 1999 at 12:00 am)

Do you have to take classes to be this stupid? You've already read his comments. You're unable to respond because you have no idea what it is you are talking about Xaltotyn. Repeat after me: "It is a rule you HAVE to be an economic illiterate to be on the left." Ten times fast : )

monegarand (November 30, 1999 at 12:00 am)

Keynesian economics is popular for the same reason for the same reason diet pills that promise you weight loss with out exercising or dieting are popular. Keynesian economics says that you can create wealth by merely spending and printing more money. It promises economic growth without increasing production and savings. That's why it remains popular, prosperity without sacrifice or personal responsibility.

Xaltotyn (November 30, 1999 at 12:00 am)

i'm not going to waste my time reading your comments but if you think Krugmnan's economic understanding is a joke, the joke is on you. i know it's hard for you, but repeat after me: "Reagonimics is a failure, reaganomics is a failure." The only thing that's trickled down onto you is the spittle left behind in a rich man's gin and tonic, losers.

Chainedorlo (November 30, 1999 at 12:00 am)

You guys are a joke.

Chainedorlo (November 30, 1999 at 12:00 am)

Oh bullshit, Krugman. Your economics is frightening.

valhala56 (November 30, 1999 at 12:00 am)

Again, you think the equities market has been around since the dawn of man. The market has been cyclical for the last 150 years, It has deluded you into believing this is just a "Recession" i.e. it will end. You are not takeing into account the most important factor that without makes growth impossible. Depression is the confluence of two things crashing at the same time, Global financial system & Peak Oil. Both bad & will wreck life as you know it.Louis XVI never thought it would end either.

jhamm999 (November 30, 1999 at 12:00 am)

valhala. okay when did you drop out of school?. if you know anything you should know about the cyclical nature of the markets. they never go up all the time. stay in for the long haul and you will do okay. for instance including the great depression the market has averaged 8 percent growth. of course you are probably depending on social security for your retirement. lol. thats an even bigger ponzi scheme than bernie madow came up with. thank you fdr for that one.

knowledgemonger (November 30, 1999 at 12:00 am)

Even at that, IIRC the economy was growing in 1939 and 1940. We have no way to run the experiment both ways. The depression may have ended in the 1940s without the war happening. Like in 1929 the money supply is contracting. Like in 1929 the best thing to do is to spend a bunch of money on infrastucture. Unlike 1929 it should be power plants and a new power grid and better communications in with the highways etc.