- Prison Planet.com - http://www.prisonplanet.com -

Paul Krugman Outright Calls for Printing Money and Lots of It

Posted By admin On November 26, 2012 @ 10:07 am In Money Watch | Comments Disabled

Bill Anderson
Lew Rockwell Blog [1]
Nov 26, 2012

In his NY Times column today, Paul Krugman [2] lets himself go and calls for an outright “inflation solution.”

The government, he says, does not have to worry about debt, since it can print as much money as it wants and investors apparently never will change any of their plans or expectations.

Indeed, he writes that more inflation will encourage more investment, since “expected inflation would discourage corporations and families from sitting on cash, while a weaker dollar would make our exports more competitive.”

I deal more with his column in my Krugman-in-Wonderland blog [3].

By the way, it is a two-for-one special as Warren Buffett in another NYT op-ed [4] makes the amazing claim that tax rates have no effect upon investment decisions.

Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/paul-krugman-outright-calls-for-printing-money-and-lots-of-it.html

URLs in this post:

[1] Lew Rockwell Blog: http://www.lewrockwell.com/blog/lewrw/archives/127102.html

[2] NY Times column today, Paul Krugman: http://www.nytimes.com/2012/11/26/opinion/krugman-fighting-fiscal-phantoms.html

[3] in my Krugman-in-Wonderland blog: http://krugman-in-wonderland.blogspot.com/2012/11/krugman-channels-his-inner-crank.html

[4] Warren Buffett in another NYT op-ed: http://www.nytimes.com/2012/11/26/opinion/buffett-a-minimum-tax-for-the-wealthy.html?_r=0

[5] Paul Krugman vs. Reality: http://www.prisonplanet.com/paul-krugman-vs-reality.html

[6] Krugman: Scientists Should Falsely Predict Alien Invasion So Government Will Spend More Money: http://www.prisonplanet.com/krugman-scientists-should-falsely-predict-alien-invasion-so-government-will-spend-more-money.html

[7] Rampant Inflation In 2011? The Monetary Base Is Exploding, Commodity Prices Are Skyrocketing And The Fed Wants To Print Lots More Money: http://www.prisonplanet.com/rampant-inflation-in-2011-the-monetary-base-is-exploding-commodity-prices-are-skyrocketing-and-the-fed-wants-to-print-lots-more-money.html

[8] Krugman Admits Keynesian “Economics” Is About Empowering the State: http://www.prisonplanet.com/krugman-admits-keynesian-economics-is-about-empowering-the-state.html

[9] Krugman: We’re Going To Have To Default On Our Debt One Way Or Another: http://www.prisonplanet.com/krugman-were-going-to-have-to-default-on-our-debt-one-way-or-another.html

Copyright © 2013 PrisonPlanet.com. All rights reserved.