Home > Miscellaneous Musings, Predictions > Krugman is crazy

Krugman is crazy

OK, I didn’t fall for the Google+ account of PK by some imposter, where the fake PK commented that he wished the earthquake had caused more damage to create more economic stimulus.

However PK DID say that digging holes and filling them in would be economically productive in a slump.  He equated this with digging for gold and putting it in the vaults of the central bank which Keynes stupidly argued was equally useless.

What he doesn’t say is that the central banks in the US and Europe and Australia STOLE the gold from its citizens and it SHOULD serve as money and circulate in the economy as a useful good were it not for the coercive legal tender laws we live under.


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