The Biden Economy

[whell]

Originally Posted by Chicks

Paul Krugman Smacks Down 'Recession Truthers' Led By Elon Musk As 'Crypto Cultists'
https://www.benzinga.com/amp/content/33111135

Real economists, of course, see right through the buffoonery of Whell’s World.

Paul Krugman is the "real economist" who was unable to see inflation coming. Yep, you just keep quoting him, Chickie.

[finnbow]

Originally Posted by whell

Paul Krugman is the "real economist" who was unable to see inflation coming. Yep, you just keep quoting him, Chickie.

In 2008, Krugman was the winner of the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography.

In the past year, Elon Musk has lost more money (~$200 billion) than any person in human history.

Needless to say, as our resident MAGAMoron, you appreciate Musk's take to that of Krugman.

[Chicks]

Originally Posted by whell

Paul Krugman is the "real economist" who was unable to see inflation coming. Yep, you just keep quoting him, Chickie.

You’re consistent in your buffoonery. Such a sad, ignorant little man.

[finnbow]

Originally Posted by whell

Paul Krugman is the "real economist" who was unable to see inflation coming. Yep, you just keep quoting him, Chickie.

His first 3 paragraphs describe you to a T.

What Richard Hofstadter called the paranoid style in American politics is no longer a fringe phenomenon: Bizarre conspiracy theories are now mainstream on the American right. And one manifestation of this paranoia is the persistent dismissal of positive economic data as fake when a Democrat occupies the White House.

During the Obama years there was a large faction of “inflation truthers,” who insisted that deficit spending and monetary expansion must surely be causing runaway inflation, and that if official numbers failed to match that prediction it was only because the government was cooking the books.

With inflation falling rapidly over the past year, we’ve seen some resurgence of inflation trutherism. But the more notable development has been the emergence of what we might call recession truthers — a significant faction that seems frustrated by the Biden economy’s refusal, at least so far, to enter the recession they have repeatedly predicted or insisted is already underway.

[whell]

Originally Posted by finnbow

His first 3 paragraphs describe you to a T.

What Richard Hofstadter called the paranoid style in American politics is no longer a fringe phenomenon: Bizarre conspiracy theories are now mainstream on the American right. And one manifestation of this paranoia is the persistent dismissal of positive economic data as fake when a Democrat occupies the White House.

During the Obama years there was a large faction of “inflation truthers,” who insisted that deficit spending and monetary expansion must surely be causing runaway inflation, and that if official numbers failed to match that prediction it was only because the government was cooking the books.

With inflation falling rapidly over the past year, we’ve seen some resurgence of inflation trutherism. But the more notable development has been the emergence of what we might call recession truthers — a significant faction that seems frustrated by the Biden economy’s refusal, at least so far, to enter the recession they have repeatedly predicted or insisted is already underway.

Actually, it doesn't, and I've already so stated in this thread.

Your post is confirmation that the strawman-building industry is booming.

[whell]

Originally Posted by finnbow

In 2008, Krugman was the winner of the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography.

In the past year, Elon Musk has lost more money (~$200 billion) than any person in human history.

Needless to say, as our resident MAGAMoron, you appreciate Musk's take to that of Krugman.

Post evidence here where I've ever praised Musk's prowess as an economist. I'll save you the trouble: you won't find any.

Here's what I was referring to in my post above. At least Krugman admits his error, even if you don't:

https://www.nytimes.com/2022/07/21/o...inflation.html

[finnbow]

Originally Posted by whell

Post evidence here where I've ever praised Musk's prowess as an economist. I'll save you the trouble: you won't find any.

Here's what I was referring to in my post above. At least Krugman admits his error, even if you don't:

https://www.nytimes.com/2022/07/21/o...inflation.html

Your response to Chick in post #491 in which you criticized Krugman's response to Musk. You're welcome.

[Chicks]

Wall Street buys into Bidenomics, with the top economists at Goldman and other banks saying we could really dodge a recession
https://fortune.com/2023/07/05/reces...ckle-down/amp/

A clear win for Biden, as always a big loss for ignorant MAGAMorons.

[whell]

Originally Posted by finnbow

Your response to Chick in post #491 in which you criticized Krugman's response to Musk. You're welcome.

Incorrect. The criticism was directed at Krugman, period. You're welcome.

[finnbow]

Originally Posted by whell

Incorrect. The criticism was directed at Krugman, period. You're welcome.

Actually, it was directed at Krugman's challenge of Musk's economic viewpoints (which are as wingnutty as yours).