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Charlie Stross, Paul Krugman Discuss the Future
Peripatetic Entrepreneur writes "At the Science Fiction World Convention in Montreal, Hugo Award winning author Charlie Stross and Nobel Prize winning economist Paul Krugman opened the show with a 75-minute, wide-ranging conversation on stage. From flying cars to decoding the genome of the Pacific Ocean to vat-grown Long Pig, it's all there. Audio is also available — video soon."
Woohoo after the bubble has started to deflate the Keynesian morons notice what they have created!
Of course, Krugman actually advocated created a housing bubble in 2002.
For anyone who thinks parent might be exaggerating, it's no joke. Krugman is quite literally insane. Here's a direct quote from the linked article (emphasis added):
The basic point is that the recession of 2001 wasn't a typical postwar slump, brought on when an inflation-fighting Fed raises interest rates and easily ended by a snapback in housing and consumer spending when the Fed brings rates back down again. This was a prewar-style recession, a morning after brought on by irrational exuberance. To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.
Greenspan is a Keynesian you moron.
What do you think the Greenspan Put was, if not the Keynesian "government takes up the slack" approach?