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Krugman: ‘We Can
Print the Money’

Cybercast News Service, by Melanie Hunter

Original Article

Posted By:KarenJ1, 1/31/2013 11:44:57 AM

Liberal economist and New York Times columnist Paul Krugman said Wednesday that the U.S. is not in danger of a collapse, and the U.S. won’t run out of cash because “we can print the money.” “The United States is a country that has its own currency – can’t run out of cash, cause we print the money. If you even try to think what would happen – suppose that investors get down on the United States. Even so, that would weaken the dollar, not send interest rates soaring, and that would be good. That would

Comments:
In the past morons like him wouldn´t even have been given a forum to spew forth this insanty. Maybe he should acquaint himself with the Weimar Republic and Zimbabwe. Idiot.

      


Post Reply  

Reply 1 - Posted by: JonR, 1/31/2013 11:48:51 AM     (No. 9150558)

It is a sad reflection on many people that they take the time to listen to absolute stupidity like this and then pay for it!


Reply 2 - Posted by: bob913, 1/31/2013 11:50:13 AM     (No. 9150563)

Inflation is the result.
See other countries that did this.


   

 

R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: jalo1951, 1/31/2013 11:50:33 AM     (No. 9150565)

Sure just print some more Monopoly money. Then next time you go to the grocery that loaf of bread that had been costing you $3.25 will now cost $37.50.


Reply 4 - Posted by: Grady, 1/31/2013 11:51:05 AM     (No. 9150567)

And our money will be as worthless as
a Nobel Prize in Economics


Reply 5 - Posted by: whyyeseyec, 1/31/2013 11:52:31 AM     (No. 9150573)

Cle-(Krugman)-ar and Present Danger.


Reply 6 - Posted by: horacer, 1/31/2013 11:54:55 AM     (No. 9150579)

Krugman always says this. He´s a one trick pony.


Reply 7 - Posted by: Arizona Chief, 1/31/2013 11:58:25 AM     (No. 9150593)

Where do we get idiots like this?


   

 

  


 
Reply 8 - Posted by: Keekng, 1/31/2013 12:05:44 PM     (No. 9150611)

Is he from Chicago? Educated at Harvard or Yale?


Reply 9 - Posted by: GringoinQuito, 1/31/2013 12:05:56 PM     (No. 9150612)

Just like Germanybafter WWI. A billion marks to buy a loaf of bread.


Reply 10 - Posted by: lancelink1, 1/31/2013 12:07:01 PM     (No. 9150618)

I think the value of a Nobel Prize is now worthless also.

Krugman.
Gore.
obama.

I rest my case.


Reply 11 - Posted by: msctex1, 1/31/2013 12:10:58 PM     (No. 9150622)

The man is nuts.


Reply 12 - Posted by: OhMy, 1/31/2013 12:12:44 PM     (No. 9150625)

I distinctly remember that Krugman had a column during the Bush administration expressing the dangers of excessive debt and spending and warning that Bush was putting the country in grave danger of a financial collapse with his excessive spending. I wish someone with the search capabilities would dig out this column and put it beside his new columns on Obama spending. Krugman is a hypocrite. Stimulus theory is discredited. Obama is sucking trillions from the private sector to waste in government spending which is unproductive. As long as this continues the economy will flounder and the wealthy cronies, unions, and public sector will want more. It will never be enough.


   

 

B-G1


 
Reply 13 - Posted by: Blue-Z-Anna, 1/31/2013 12:13:56 PM     (No. 9150627)

If what he says is true then why would we ever tax anyone ?

Or why should anyone work ?

Just print more money.


Reply 14 - Posted by: Freeloader, 1/31/2013 12:16:39 PM     (No. 9150629)

Great idea Professor. And while we´re at it, I´ll trade you my Mediterranean/Baltic Avenue cards for your Park Place/Boardwalk cards with the hotels. OK? Do we have a deal?


Reply 15 - Posted by: TinCan, 1/31/2013 12:21:51 PM     (No. 9150636)

Usual NYT Economist/Writer? imbecile.


Reply 16 - Posted by: MattMusson, 1/31/2013 12:22:01 PM     (No. 9150638)

UNITED STATES NOTES - Google them.

We can print all the money we want. It´s just not a good idea.


Reply 17 - Posted by: Dante, 1/31/2013 12:23:01 PM     (No. 9150641)

He is beyond stupid now and is simply psychotic.


   

 

R_DBL_B
  


 
Reply 18 - Posted by: TinCan, 1/31/2013 12:24:07 PM     (No. 9150646)

Apologies for 2nd post. We WILL become post WWI Germany; wheelbarrow of money to buy a loaf of bread


Reply 19 - Posted by: jeffkinnh, 1/31/2013 12:37:55 PM     (No. 9150673)

The effect of printing money is that existing money becomes worth less. Want to know why gas prices increased? Because oil exporting businesses KNEW our dollar was worth less and started raising their prices to compensate.

And yeah, it would help our exports but the resulting profit would be less, effectively negating the larger volume.

For such a supposed economic genius, Krugman ignores the give and take of the economy. Cheapen money and the value of earning and interest drops,eventually prices rise to compensate. Inflation results. It´s not a one dimensional system. So Krugman is either a simple minded, one dimensional thinker or being completely dishonest. Maybe both.


Reply 20 - Posted by: nimby, 1/31/2013 12:54:38 PM     (No. 9150709)

I wish we could all do that personally so that we do not have to live within our means


Reply 21 - Posted by: kono, 1/31/2013 1:13:40 PM     (No. 9150733)

This made me laugh long and loudly... until it struck me how many people see things the same way as Krugman here, and just how serious they are about their absolutely demented suggestion.


Reply 22 - Posted by: lagniappe, 1/31/2013 1:15:18 PM     (No. 9150739)


   

 



 
Reply 23 - Posted by: lagniappe, 1/31/2013 1:17:47 PM     (No. 9150742)

Millions of Obama supportor believe this stuff and see the GOP as stupid for not using such an easy way out!


Reply 24 - Posted by: steph_gray, 1/31/2013 1:45:51 PM     (No. 9150791)

Krugman - call for you from the Weimar Republic. They say they have some news you can use.


Reply 25 - Posted by: postaway, 1/31/2013 1:53:30 PM     (No. 9150804)

We certainly have enough experience to know how this works. Krugman is a self-centered elitist and it doesn´t do him any good to say that printing money will lead to awful inflation. That´s common knowledge. So he has to come up with some convoluted argument that leaves his equally talentless colleagues gasping at his brilliance while we rubes consider what he´s said and say, "How, exactly, is that going to work? It can´t. It doesn´t make any sense." And then he and his colleagues will smile condescendingly at us and go to the faculty lounge for a brandy and to snicker at our ignorance. And when the economy does collapse, he´ll beat it to Switzerland or somewhere, and will retire with his rich wife´s inheritance, his tenure and all of his prizes, and George Bush will get the blame.


Reply 26 - Posted by: NorthernDog, 1/31/2013 2:03:15 PM     (No. 9150820)

We need to explain this is terms that Democrats understand. For instance, if there are only two crack dealers in your neighborhood, the crack is worth more due to limited supply. But if crack dealer makes a huge supply and it becomes very plentiful, its value declines. Same thing with US Dollars.


Reply 27 - Posted by: O.S. Banker, 1/31/2013 2:10:47 PM     (No. 9150839)

So this is how a Nobel Prize and Ivy League Credentialed scholar thinks in today´s world?

Sure Professor, it will make our exports cheaper, but what will it do to the cost of our raw material imports?


Reply 28 - Posted by: stablemoney, 1/31/2013 5:20:22 PM     (No. 9151119)

Krugman is a real stinker.


Reply 29 - Posted by: Shelgeyr, 2/1/2013 12:41:45 AM     (No. 9151664)

"...U.S. won’t run out of cash because ´money grows on trees!´ "


Thanks, Paul.



Post Reply   Close thread 721449




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