Economics For Dummies (and Prizewinning economists)

As Labour leaders and finance ‘experts’ in the Obama administration call for more stimulus spending, more public spending in general and the expansion of the public sector (to create jobs and growth by employing tax eaters) led by Nobel Prizewinning lunactic Paul Krugman, blogger Adam Collyer hands the Nobel prize winning economist a lesson in economic history.
Paul Krugman’s Ignorance Of History

Extract:
Paul Krugman reckons the UK government is wrong to cut spending. Mr Krugman is a leading American economist, and indeed a Nobel prize-winner. Here’s what he had to say:

Both the new British budget announced on Wednesday and the rhetoric that accompanied the announcement might have come straight from the desk of …

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6 thoughts on “Economics For Dummies (and Prizewinning economists)

    1. Economic? I can explain economics.

      In the words of Dickens’ character Wilkins Micawber: Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness; annual income twenty pounds, annual expenditure twenty pounds and sixpence, result misery.

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      1. Well I know it’s not fashionable but it has always worked for me. And the one time I did let the bankers and economists blandishments overrule common sense I had a very rough time for a few months when my income dropped.

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