General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsKRUGMAN to BROOKS: "That’s what Very Serious People said in the 1930s too."
.....................
1. Thats what Very Serious People said in the 1930s too. Then the approach of war finally delivered the stimulus we needed, and all those structural difficulties turned out to be imaginary.
2. Ireland was praised for its wonderful flexibility; it was a shining example of the art of the possible, declared George Osborne. Then, when things went wrong, it was told that it must fix its deep structural rigidities.
3. Anyone who says something like If deficit spending were the route to prosperity, Greece would be in great shape should be immediately considered not worth listening to. People in my camp have repeated until were blue in the face that the case for fiscal expansion is very specific to circumstance its desirable when youre in a liquidity trap, and only when youre in a liquidity trap. I know that some people like to project their own crudity onto others, but what theyre actually demonstrating is their own ignorance.
........................
http://krugman.blogs.nytimes.com/2012/05/08/structural-flashbacks/?gwh=57AF3817A02CE8EE217A672248AAA644
updated to include Brook's "Serious" opinion:
http://www.nytimes.com/2012/05/08/opinion/brooks-the-structural-revolution.html?hp
The Magistrate
(95,257 posts)The man needs to be, every day and twice on Sundays.
mazzarro
(3,450 posts)Slapped down once a day and twice on Sundays -- one before service and one after service - eh?
JHB
(37,163 posts)After all, he's a severe case who's been left untreated for so long.
CBHagman
(16,992 posts)Poor lamb, up till now he's been languishing away in a $1.6 million dwelling in Bethesda.
http://www.washingtonpost.com/blogs/reliable-source/post/surreal-estate-david-brooks-moves-from-bethesda-to-cleveland-park/2012/05/06/gIQAs27Q6T_blog.html
pscot
(21,024 posts)uponit7771
(90,367 posts)librechik
(30,677 posts)+1 too
Octafish
(55,745 posts)Wow! What the future may hold...
librechik
(30,677 posts)and hilarious!
Octafish
(55,745 posts)trumad
(41,692 posts)and couldn't wait for Krugmans response---LOL---and he responded exactly the way I thought he would.
When you have knuckleheads like Brooks opining about how we should fix the economy---it makes it pretty obvious the Conservatives haven't a clue.
tex-wyo-dem
(3,190 posts)Casts himself quite the intellectual, but when you peel a layer or two away on his arguments you find it's all empty BS and backed-up by nothing or pure hyperbole.
There is no such thing as an intellectual conservative...purely a mythological creature.
myrna minx
(22,772 posts)hifiguy
(33,688 posts)The profundity of a Burma-Shave sign, but absent any of the depth or wit.
Baitball Blogger
(46,769 posts)RevStPatrick
(2,208 posts)I am contractually obligated to say that every time I hear or read his name.
coalition_unwilling
(14,180 posts)Brooks who claim to support long-term solutions, rather than short-term fixes:
In the long run, we're all dead!
redqueen
(115,103 posts)Krugman, of course.
Been a fan since he started trying to warn people about the housing bubbling. Love love love.
Zorra
(27,670 posts)1StrongBlackMan
(31,849 posts)I hear this long-run fix argument, I'm reminded of the surgeon that comes to see the waiting family of the patient. The doctor exclaims: "The operation was a success; but the patient died."
LittleGirl
(8,292 posts)you have 5 of 10 free articles remaining this month.
Love Krugman
Rats! it's only the 8th. What do you all think about them (NYTimes) asking to pay up to view their articles?
bupkus
(1,981 posts)In response to their recent policy change regarding online articles.
If more people take the same approach it just might get the Times' attention.
muriel_volestrangler
(101,390 posts)Although they've arranged NYT blogs so that you don't get the main text, you can see how often he's posting. The 'front page' for his blog holds the 15 most recent posts; so when it gets near that number, I look at the front page.
In fact, I think that doesn't count towards the NYT monthly count anyway, because it's a "blog front", and they said:
"Get 10 articles each month on NYTimes.com, as well
as access to the home page, section fronts, blog fronts
and classifieds"
when they announced the restrictions. But I'm not 100% certain about that.
Lydia Leftcoast
(48,217 posts)from their Facebook page.
Otherwise, Google the name of the article and access it by following the link.
There ARE ways around the pay wall.
(I refuse to subscribe, because their original subscription fee was $49 a year, and now it's $15 a month.)
bupkus
(1,981 posts)Krugman is always right.
peace frog
(5,609 posts)and all the better for us that he is hitting the 1% and their slavish mouthpieces with everything he's got. ANd he's got a helluva lot.
countryjake
(8,554 posts)bananas
(27,509 posts)Uncle Joe
(58,459 posts)Thanks for the thread, kpete.
girl gone mad
(20,634 posts)Greece can't deficit spend as needed because their debts are in Euro, a currency which they do not control.
If Greece had a sovereign currency or if the ECB would print more Euro to stimulate the periphery as needed, there would be no liquidity trap, which is merely a symptom of the structural problems inherent to the Euro.
I'm happy to see him arguing against austerity, but I wish he finally put the pieces together and dump the neoclassical claptrap.
RainDog
(28,784 posts)Pholus
(4,062 posts)Brooklyn Dame
(169 posts)or at least on the POTUS' advisory team. He has a way of putting conservative arguments in their proper place -- the toilet. Conservative policies have done nothing more than trample on the security of the middle class and place more people at the bottom of the economic ladder.
http://borderlessnewsandviews.com/2012/05/the-bare-minimum-wage/
http://borderlessnewsandviews.com/2012/04/stealing-from-the-hungry/
http://borderlessnewsandviews.com/2012/04/the-great-divide/