Home > Miscellaneous Musings > Paul Krugmaniac rants like a mindless zombie. Again.

Paul Krugmaniac rants like a mindless zombie. Again.

I’ve said before I rarely comment on Paul Krugmaniac’s repetitive rants, mainly because they are so boringly predictable.  I occasionally dip into his blog, to check whether he says anything other than “The government must spend more!” or “Deflation is scarier than inflation!”  He never, ever does.

He is the definition of a one-trick pony.

I made the mistake of reading the New York Times on 27 June 2010 and lo and behold, Paul Krugman appeared, splashed across the Op-Ed column, ranting about a new Depression. 

This is strange because I thought Paul Krugman and John Quiggin (an Australian PK “Mini Me”) and a whole host of other quasi-socialist zealots were part of a recent and remarkable “Keynesian Resurgence”.  You can read about this Keynesian Resurgence here.

Quote: “Starting in 2008, there has been a resurgence of interest in Keynesian economics among policy makers in the world’s industrialized economies. This has included discussions and implementation of some economic policies in accordance with the recommendations made by John Maynard Keynes in response to the Great Depression—such as fiscal stimulus and expansionary monetary policy.”

I repeat: “Starting in 2008… This has included discussions and implementation of some economic policies in accordance with the recommendations made by John Maynard Keynes in response to the Great Depression—such as fiscal stimulus and expansionary monetary policy.”

Didn’t we just get massive multi-billion dollar stimulus in Australia, the UK, the US and even China due to Keynesian theories on how to cure a recession?  Wasn’t Robot Rudd attacking laissez-faire and writing articles about how his government embodied Keynesian economics?  Isn’t trillion-dollar deficit superman Obama a Krugman-Keynesian-following social(ist) Democrat?

How Krugman can now cast these extreme left charlatans as heartless right-wing goons allowing people to starve on the streets as part of a widely implemented liquidationist Hooverite “orthodoxy” is simply breathtaking in the scale of its chutzpah.

Sadly for Krugman his recommendations were implemented.  In the last two years.  Governments around the world spent like there was no tomorrow, based on Krugman’s recommendations and to get out of recession by…well…by about now.

But tomorrow came and the recession is still here.

And now those responsible for the debacle run for cover blaming everyone else for the disaster.

If this is not the height of childish irresponsibility I don’t know what is.  It is as if Napoleon on his failed, frozen campaign to Russia said to his troops: “It’s your fault for not trying hard enough to stay warm.  Stop dying of cold you pathetic bunch of losers! I order you to stop dying of cold!  Right, that soldier who just died while I was talking – I want him shot right now to teach him a lesson!  Let that be a lesson to you all.  Now MOVE!”

Perhaps Napoleon believed with just a few thousand more troops dying of cold and starvation, everything would have worked out just fine.  Perhaps he never questioned why in Hell he wanted to try to attack Russia in the middle of winter in the first place.  Perhaps he thought was the spiritual God of France.  Infallible.

Similarly, quasi-Nobel winner Paul Krugmaniac really believes he can do no wrong.  He is so sad in his forlorn calls for government to repeat policies that have demonstrably failed time and again that he has become a figure of scorn in Europe.  I really find it difficult not to laugh out loud when I read the crap he writes.  When your own anger turns to laughter you know your enemy has turned pathetic.

The title of Paul Krugmaniac’s column should be renamed.  “The Conscience of a Liberal” should be changed to “The Childish Chutzpah of a Quasi-Socialist One-Trick Pony”.  Ha Ha Ha!

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Categories: Miscellaneous Musings
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