Now on June 2023 Biden’s been president for 2&one half years now. He’s managed everything pretty well. He succeeded in bringing sanity to the WH again. Now Trump is facing indictment after indictment. But still running because half America is insane and find in this conman things that they dream about! Economy is doing fine. Inflation that was a worry has been tamed. Debt Ceiling has been sorted out. I just hope Biden will get another term with a Democratic Congress. I’m pretty sure Biden will not go crazy and I’m certain he’ll follow good common sense policies, and even might manage to bring America together again. That’ll be the best if we want to have a chance of beating China and regain the power to rule 21st century and beyond. China will fizzle out like Japan did in the 1990s. America together again for rule based world where democracy is the order of things everywhere. ✔️✅♥️
Krugman... the genius that wrote that by 2005, it would become clear that the Internet's effect on the economy is no greater than the fax machine's. Also, the guy who recently wrote that he didn't think inflation hurt poor people.
I think you underestimate the impact of the fax machine. Imagine what doing business was like when physical mail was the only way to move documents- it sucked. Productivity growth is no faster in the internet age than in the age of the fax machine. Each era has important technologies that help people produce more economic output with less work. There's nothing particularly special about the internet in that regard.
Commentator: ( every question ever) Krugman: ummm aaahhh tax and spend uhhh well ahhh ummm print and spend ahhhh well lower interest rates.... Everyone: OMG he's SO smart.
@Blue Traveller Artificially lowering interest rates to zero helped facilitate businesses buy back their own stock. That's not capitalism's fault. Our national debt is too high to raise interest rates. So they have to gamble in the stock market to get yield. I wish you were as smart as you pretend to be. Maybe one day when the dollar is worthless you will look back at this thread and admit you were wrong.
@Blue Traveller our national debt is so high it can never be paid back unless we allow hyper inflation to occur. Which is an issue for everyone from you and me to the entities holding our bonds. You are very very confused. But thats ok, there's a lot of stupid people out there and you're just another sheep in the herd.
@Blue Traveller just curious Mr sheep how many 10 year bonds are you interested in buying at 0.75%. Zero right? But I know... money printer must continue to go burrrrr.
@Blue Traveller No one is buying bonds, thats the point. You're even more clueless than I originally thought. For MMT to continue the charade someone has to buy our worthless treasures. Or when the money printer goes burrrr the fiat money cannot reach circulation. And the current rate for a 10 year T bill is 0.75% which noone with a brain will purchase due to the current rate of inflation being a targeted 3%. I didnt realize i had to explain that to a MTT sheep like yourself.
Krugman has a lot to say that is worthwhile. It's a bit annoying, though, the way he has to trot out his favouritte bon mots as a preface to answering the question.
I was watching a video of Paul Krugman online and like I do I google who I'm listening to. When I read something he wrote, "I believe in a relatively equal society, supported by institutions that limit extremes of wealth and poverty". I couldn't believe that I was watching the same person talking in the video I was watching. Why does he think America is the best place to live on this planet? One way to see real poverty is to limit extremes of wealth in America.
@@Guizambaldi That is okay if you or anyone else believes Denmark is better than America to live in. I live in America and I would rather live in the Caribbeans. Im sorry if you believed that I would be offended by your comment. I'm not a fascist, I believe we all have a right to our own opinions.
@@bringing2983 I was not trying to offend anyone. I think I don't understand your first comment. You wrote it poorly. I don't know if you think Krugman's writings are in contradiction to what he is saying here, or if you are criticising his views on limiting inequality.
