Paul Krugman Is Not Making Much Sense

[Ptarmigan]

Paul Krugman Is Not Making Much Sense
http://www.democraticunderground.com/12511699952

Hey DUmmies! How do you feel that other leftists are against Bernie Sanders?

Ferd Berfel (2,526 posts)

Paul Krugman Is Not Making Much Sense

http://www.alternet.org/election-2016/paul-krugman-flirting-irrelevance

He needs a reality check. His screed against Sanders in the NY Times misses the boat completely.


Paul Krugman has been a voice in the wilderness for liberals for decades. But when he issues screeds in the Times against Bernie Sanders’ alleged lack of policy credentials and Sanders’ “petulant self-righteous” followers, he misses the boat completely.

Krugman needs a reality check: Wonkish policy details about economic reform are irrelevant. Sanders isn’t an economist. Neither is Clinton. As president, his economic initiatives will have more to do with whom he surrounds himself, not with whether or not he gets it exactly right about the role of the “big banks” in the 2007 Great Recession.

And Sanders is right enough. Big banks, with their bloated indebtedness and irresponsible lending and support for risky derivatives that even they didn’t always understand contributed greatly to the meltdown. Further, these bankers took the bailout money they received from taxpayers and gave themselves big bonuses the next year (until they were shamed into temporarily rescinding them). So, Sanders, I expect, will surround himself not with Wall Street insiders like Lawrence Summers and Timothy Geithner (these are more likely Hilary supporters and fellow-travelers) but, instead, with progressive economists like Dean Baker, Joseph Stiglitz, Robert Reich, and Krugman, himself. The economic policy details that Krugman now demands will most likely emerge from this Sanders-led brain trust, not from a candidate interview with the N.Y. Daily News.

Furthermore, I think Krugman should quit being a martyr by repeatedly saying that Bernie supporters are out there accusing him and other anti-Sanders ideologues of being “corrupt or even criminal.”....

(snip)

Krugman should get his head out of his “inside-the-academic economics-blogosphere” and think about real world politics for a change.   

(snip)

uponit7771 (28,202 posts)
1. Or... or, Krugman notices Sanders is full of shit too? tia

Nye Bevan (23,750 posts)
2. Have any Nobel Prize-winning economists endorsed Bernie's plans? (nt)

A Hillary Clinton supporter.

Ferd Berfel (2,526 posts)
5. That seems to be the case.

He's making a Faustian Deal

Enjoy your stay at DU for the time being. By the end of the year, DU will be very different.

[J P Sousa]

  Paul Krugman Is Not Making Much Sense 

Even Krugman is on to Bernies idiocy ? 

[I_B_Perky]

Ferd Berfel (2,526 posts)

Paul Krugman Is Not Making Much Sense

Paul Krugman has never made much sense.  He tends to insert liberal utopia-ism into everything he writes. That nullifies any basic economic understanding he tries to impart on the great unwashed masses... which ain't much to begin with.

[98ZJUSMC]

Paul Krugman has never made much sense.  He tends to insert liberal utopia-ism into everything he writes.

At the very least....

It is funny that the (D)Umptards thought he was the greatest thing since fReEsHit!!!Marx until, well.................. now.

[SVPete]

So, a blind squirrel found a nut and the other, hungry, blind squirrels are envious.