Economist Paul Krugman speaking recently at MIT about the financial crisis of the last few years:

Category: Bailouts, Video

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2 Responses to “Krugman: What Have Learned From the Crisis (if anything)?”

  1. InvestmentAnalysis says:

    This is a great lecture.

    If you don’t feel like watching the one hour video, feel free to cheat by looking at my bullet points notes right here:

  2. … In the end we are all dead….

    The is a narcissistic statement that disregards the livings’ obligations for their grandchildren and for the future nonliving. Evidently the Nobelist has no grandchildren.

    Yes, this is a different cycle than the 1930′s depression. The US is currently the world’s sole superpower and its central bank can print money ad infinitum to continue to employ primary and secondary government employees and the politically entitled beneficiaries.

    Where will this end qualitatively? It will end when holders of US debt convert their US dollars and buy via the future’s market the world’s finite resources with those dollars. leaving the central bank printing replacement IOU’s which its recipients can buy, at a greater cost, US produced goods.

    The foundation middle class of the United States will be destroyed and the professor Nobelist will have his nihilistic ‘doesn’t matter we’re all dead’ aphorism fulfilled.

    Krugman won a Nobel price and yet he did not predict the event. He does not understand the Tao of the qualitative von Mises and Lammert quantitative nonlinear macroeconomy.

    Perhaps an integrative mathematician will capture nature’s true real nonlinear nature. That mathematician would deserve a Nobel.