Not pynchon. Krugman.

[David Morris]

Krugman, Bush and Obama were right!
Bush bailed ot the banks. Obama bailed out GM. If Tea-crap didn't rule,
we'd have a WPA going Gangsters right now! Infrastructure and employment
would be booming.

On Monday, July 13, 2015, Mark Kohut <mark.kohut at gmail.com> wrote:

> In the US case the stimulus worked. But slowly, sputteringly. Indicating
> early to even President Obama that " Krugman was right" and leading him to
> try to work bits of stimulus into later bills and executive orders. Leading
> him to forcefully ask for economic benefits such as a higher minimum wage
> which he surely knew would never happen at the Federal level with his
> Congress yet did stimulate many states and local governments to make
> happen. the U.S. Needs even more  money in circulation from those who spend
> it on basics.
> Krugman was proven right in the US, at least, no counterfactuals involved.
>
> Sent from my iPad
>
> On Jul 13, 2015, at 2:08 AM, Kai Frederik Lorentzen <lorentzen at hotmail.de
> <javascript:_e(%7B%7D,'cvml','lorentzen at hotmail.de');>> wrote:
>
>
> > Of course, if no one in power ever takes your advice it is quite hard to
> be proved definitively wrong. There will always be the unknowable Krugman
> counterfactual: in the British case, the bigger deficits that were never
> tried, in the U.S case the bigger stimulus that was never tried, in
> Europe's case the doubling of the inflation target that was never tried.
> Happy the economist whose policy prescriptions are so reckless that no one
> ever puts them to the test.
>
> Except that one country, just lately, *has* been putting a Krugman
> recommendation to the test. That country has defied the "austerians." It
> has thumbed its nose at the fountainheads of economic orthodoxy. It has
> dared to play chicken with the confidence fairy. It has even told the
> Germans where to get off. And it has done this on the basis of Paul
> Krugman's advice, spelt out when he visited the nation's capital, at the
> government's invitation, in April.
>
> That country is Greece. <
>
> http://www.huffingtonpost.com/niall-ferguson/the-rise-and-fall-of-krugmania-in-the-uk_b_7257236.html
>
> And Krugman did again fly to Athens in June, some days before Tsipras
> called out the referendum. Krugman, too, is responsible for the snafu.
>
> But hey, breaking news (8:47): An agreement, a consensus, the eventual
> rescue of Europe ...
>
> If the Greek government manages to let the necessary laws be legislated by
> the parliament till wednesday, talks for a third program will take place.
>
> Do you believe in magic?
>
>
> On 12.07.2015 23:10, David Morris wrote:
>
> Krugman:  Can anything pull Europe back from the brink? Word is that
> Mario Draghi is trying to reintroduce some sanity, that Hollande is finally
> showing a bit of the pushback against German morality-play economics that
> he so signally failed to supply in the past. But much of the damage has
> already been done. Who will ever trust Germany’s good intentions after this?
>
> On Sunday, July 12, 2015, Mark Kohut <mark.kohut at gmail.com
> <javascript:_e(%7B%7D,'cvml','mark.kohut at gmail.com');>> wrote:
>
>> Killing the European Project — Paul Krugman —
>>
>> http://krugman.blogs.nytimes.com/2015/07/12/killing-the-european-project/?smid=tw-share
>> …
>> -
>> Pynchon-l / http://www.waste.org/mail/?listpynchon-l
>>
>
>
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