Schlagwort-Archive: Krugman

Reading suggestion

Well if I’m have one special weakness, then it’s reading. And because of this weakness I stumbled upon quite few books which one just can
name “eye-opener”

It has happened with the following books: Human Action, the road to serfdom. Geldsozializmus, End the Fed, and stuff from Friedman. Now it has “happened” again. This
time I strongly propose reading “This Time is different”. In a few words. “The state of affairs is devastating”. I never could imagine men so stupid over and over again but
here we go.

I know this books will not be read by those responsible for the mess. For them another books is the guide line. “Expert Political Judgement” and here especially the hedgehoogs. And those
are mostly getting it wrong but it does not matter, the main reason for them is “They are heard”. And so you can easily identify them in the form of Bernanke, Krugman and all those. They “know” what the future will bring
and they “no for sure” the cure. Unfortunately most of the time they do not get it right. And you have one suggestion free on whom they harm…..

Krugman on the warpath again

this time it’s China. Not that I’m that found of it, but what Krugman want is that the Chinese
follow the US on the insane path. How to do that, well the Chinese do produce things, the US people like to buy,
and thos things are “cheaper” now, to counterbalance this the Chinese products must get more expensive. So what will
be the result, raising prices, the US people will get poorer. Another genious move from this, “steering” believers. It’s so stupid that it hurts
but they get away with it, and even more perverse, those not following have to pay also. US = freedom, may be a note on the side of
history. OOOOOOOOBama  GOOOOOOOO, ……………………………………….., the more far away the better.