He’s not out of touch. Can’t be.
We reach arbitrary number, therefore number good. God I wish my job was as easy as an economicist.
Capitalist economics are ideologically driven pseudo-science, more and more people are saying this.
I know you have to live in your car but you’re employed and the line is going up so honestly I don’t understand why you’re complaining
He’ll never fucking stop.
“inflation has been falling fast”
Inflation is cumulative. Having lower inflation doesn’t change the fact that the prices are generally up ~20% over the last few years.
Also the consumer price metric I saw excluded basic foods, clothing, and housing or something like that. Great that the poors can afford Ivory backscratchers while they’re being evicted.
What about the RENT, Paul?! What about HEALTHCARE, Paul!? What about EDUCATION, Paul!?
I don’t care how little a new fucking TV costs!
MICHAEL HUDSON: It’s not a straw man argument; it’s deliberate ignorance. You have to really have tunnel vision and not understand the most basic economic history to make the misrepresentations that Krugman said.
And if I hadn’t met him, and I didn’t know how really stupid he is as a person, I would think he’s deliberately lying, but I have met him and he really is that stupid.
“Consumer prices didn’t rise at all.” This is the same asshole that said there was no inflation if you didn’t count rent, gas, and food.
Do any of these guys ever admit that unemployment is down because so many people are stringing together multiple jobs to try to make rent?
In Poland you are not counted as unemployed in statistics if you are not registered in job office. And the job offices do a multitude of tricks to make people unregister (mainly they waste tons of your time and money forcing you to answer very dubious offers in far away locations), so even in the very shit 2000’s they were patting their backs because “unemployment was falling”.
The US government does a similar slight of hand in that if you’re unemployed for long enough they assume you’ve “left the job market” and no longer count as unemployed.
In Denmark they used to hide youth unemployment by forcing unemployed youths into education they had no interest in and they were not able to complete. Young men were sent to trade schools, young women were sent to social and healthcare caretaker school. The result was that the young people wasted their time and experienced new educational defeats while also making it harder for teachers to teach and for other students to learn and giving these schools a reputation as “loser schools”.
Mandatory education? Zenz would spin it into Danish genocide.
