tag:blogger.com,1999:blog-2761684730989137546.post1640284413170293224..comments2024-03-29T09:32:34.853-04:00Comments on Mike Norman Economics: Krugman: This may be when it all falls apart (VIDEO)mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2761684730989137546.post-46838196413737890152012-05-30T12:24:22.460-04:002012-05-30T12:24:22.460-04:00Krugman mentioned some time before that the people...Krugman mentioned some time before that the people who missed the oncoming freight train were unaware of Minsky, so this is not new. However, Krugman is not an expert in Minsky and seems to have only rather cursory knowledge in comparison to Randy Wray, who was a student of Minsky.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-15410090198208307822012-05-30T12:03:24.806-04:002012-05-30T12:03:24.806-04:00I noticed, that in the interview, Krugman characte...I noticed, that in the interview, Krugman characterized himself as a follower of Hyman Minsky -- a step towards MMT and Steve Keen?Clonalhttps://www.blogger.com/profile/18290009954839887975noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-6381039335311805282012-05-30T08:47:20.637-04:002012-05-30T08:47:20.637-04:00That was an outstanding interview. Obviously the i...That was an outstanding interview. Obviously the interviewer was in Krugmans court too but he was no sycophant. Krugman certainly knows the score out there.<br /><br />Theres two economics 1) Economics of and by the rich which is supported through monetary policy 2) Economics for everyone else which is supported through fiscal policy. They both have their own logic and CAN be congruous but in times of large BSR they work against each other. Fiscal policy demands democracy while monetary policy demands plutocracy.Greghttps://www.blogger.com/profile/03139782404004492965noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-56516762059826532002012-05-30T03:34:08.558-04:002012-05-30T03:34:08.558-04:00I wish O had listened to Krugman instead of Summer...I wish O had listened to Krugman instead of Summers.GLHnoreply@blogger.com