Comments on: Paul Krugman visits Japan, evaluates government policies

By: Jon

Jon — Tue, 26 May 2009 06:46:23 +0000

Go go the Jewish-Zionist global domination…
Sorry I couldn’t help =D

By: Richard

Richard — Mon, 25 May 2009 21:29:51 +0000

@Andrew: Really? If every year someone told you there was a tsunami coming and was only right a tiny fraction of the time, you would consider that helpful? If a weather forecaster told you there would be tornadoes every week, would you really go to him for weather advice? Sure, he might be right a couple times a year, but the rest of the time the sun is shining and you’re hiding in your basement.

In the world of finance, being bearish in a bull market will lose you money just as surely as being bullish in a bear market. The key is to be correct more than half the time. Krugman does not have such a track record.

Twenty years ago he was a serious economist who wrote scholarly papers about rather arcane aspects of the financial system. The fact that it took the Nobel committee twenty years to recognize Krugman’s work gives you a hint as to its minor importance.

It’s been a long time since Krugman has been a serious economic scholar. He’s a columnist and pundit now, living off his reputation. But as I said before his track record of predictions in the last decade is less that 50% accurate, so you are literally better off flipping a coin or as I said above, consulting Pan-kun.

By: Steve

Steve — Mon, 25 May 2009 16:06:31 +0000

OMG! SHUN THE NONBELIEVER. KRUGMAN’S AUTHORITY IS ABSOLUTE. HIS STAR WARS BACKGROUND MUSIC IS CONVINCING ENOUGH. SHUT UP.

Well, if you’d believe a chimp’s economic advice more than a Nobel recipient, what does that say about you?

By: Maxim

Maxim — Mon, 25 May 2009 09:39:54 +0000

Partly because he doesn’t want to be involved in politics, and partly because he’s more left-wing than either Republican and Democrat candidates. Krugman actually has a lot more sense than the blind believers in the free market Greenspan and Bernanke put together. Sadly, as much as Krugman is regarded as a Jedi master in Japan, Greenspan and Bernanke are regarded as Jedi masters in the US.

People who have no idea how things work are prone to looking for Jedi masters.

By: Debiru

Debiru — Mon, 25 May 2009 08:46:06 +0000

Yes right, but if this guy was a mind reader he wouldn’t get a lot of customers.
If he is so good, why isn’t he the finance minister of his own country?

By: Andrew

Andrew — Mon, 25 May 2009 06:16:56 +0000

@Richard That’s pretty ridiculous. I’d prefer someone who told me a tsunami was coming 9 times and got it right twice over someone who never gets it right. Even with that track record, you’re still wise to get off the beach.

By: Jerry

Jerry — Sun, 24 May 2009 13:46:44 +0000

I’d believe Pan-kun’s economic advuice than this guy

By: Richard

Richard — Sun, 24 May 2009 01:49:52 +0000

Hilarious! Before his Nobel on two-decade old research, Krugman was known as the guy “who predicted 9 of the last 2 recessions.” In other words, a self-promoting Chicken Little-type. You might as well get economic advice from Pan-kun.