Wednesday, January 30, 2013

MSNBC Morning Host Joe Scarborough Argues That Paul Krugman’s View Are Opposed By All of the World’s Leading Economists

And He Names Names – Except None of Them Are Economists

Maybe Because There Aren't Any

If the last five to six years have proven anything it is that the Keynesian analysis and policy positions of Paul Krugman, the Nobel Prize winning economist and columnist for the New York Times have been absolutely dead on right.  But Conservatives can’t have this, so one of their leaders, former Republican Congressman turned morning MSNBC host Joe Scarborough says it is just not true.

Paul Krugman is shown. | AP Photo
Krugman's view runs counter to conventional wisdom across the Western world, Scarborough writes. | AP Photo

Still, it was fascinating having Mr. Krugman on for the reason that his worldview runs counter to almost all mainstream economists and he got a Nobel Prize for his efforts.

Of course other than those economists who have abandoned their intellectual integrity to appeal to right wing politicians, and European economists who have imposed their policies on Britain, Ireland, Greece, Spain etc with disastrous results, almost every mainstream economists believes exactly what Mr. Krugman has been saying.  So who is it that Joe is talking about.  Oh people like this.

But maintaining calm was not as easy for Council on Foreign Relations president Richard Haass, who agrees with former Joint Chief chairman Michael Mullen, that longterm debt poses the greatest threat to America 's national security. Richard took exception to the suggestion that deficits don't matter and that longterm debt can be pushed to the side for years to come . Mr. Haass, Admiral Mullen and former Clinton chief of staff Erskine Bowles all believe that entitlements and debt are the most pressing challenges we face as a country over the next few decades.

Uh Joe, Richard Haass is not an economist.  Michael Mullen is a soldier, he is not an economist.  Erskine Bowles is not an economist.  Who else you got?

You can add my liberal co-host, Mika Brzezinski, to that group. Mika let out a gasp when Mr. Krugman suggested Medicare and Medicaid shortfalls should be ignored. She compared Krugman's "head-in-the-sand" approach to the one taken by climate change deniers.

Sorry Joe, in case you haven’t actually met your co-host here’s an insider tip.  She is not an economist.

Okay Joe, get back to us when have real economists, real independent thinkers and not the sycophants who had hoped to have a position in a Romney administration are on your side.  And we will give you plenty of time, after all it’s going to be a long day in the woods hunting. And when you do please be sure and state Mr. Krugman’s positions correctly, not like you did above.

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