Greenspan actually needs to shut up. He is a smart man, but people act as though he is still the Fed Chairman. The big difference is that when he was the Fed Chairman he was being advised by a hundred different economists. Although he is still able to make an informed opinion about the economy, asking him about the economic climate now is like bringing your battle plans to Napoleon at the Isle of Wight and asking him how to win your war. It wouldn't be a problem if people could take what Greenspan says with a grain of salt. He is a smart man, but driving the economy is no longer his full time job.
Is it just a fluke that all 4 are Jewish, or is that just indicative of the financial sector (like how most engineers are Asian, most farm laborers Mexican, etc)?
@ADismalScience: Every Krugman post should include a reminder that he was paid $50,000 by Enron in 1999 to sit on a do-nothing board and (allegedly) write glowing articles about the magic of their business model for Fortune and others.
His columns make it clear he's one of those guys that thinks he can convince readers by manipulating the numbers - because he believes he's so smart that no one can call him on it.
So, yeah, I've been on the Krugman backlash for a few years already!
@The Tipping Pint: my impression is that he's been predicting a new depression for 15 years - which would be ok except that the predicted cause keeps changing - it's our unwillingness to lower interest rates! it's stagflation! etc.
Just my opinion, he's smart enough to let his tendencies - liberal and doomsday - lead his analysis, and still have his analysis be credible.
It reminds me of that hysterical skit on video they showed a few years ago at the Correspondents Dinner where W. went searching all over his office for those danged Weapons of Mass Destruction. What a hoot! Good thing nobody really died looking for them, right?
Okay -- in defense of Andrea Mitchell -- doesn't she recuse herself from stories about finance because of her husband? Not that the wider point about her as a part of the establishment isn't well taken.
@eatsshootsleaves: She said she did, but never really actually did. She has a one-hour slot on MSNBC daily and never shies away from giving her opinion on economic matters, let alone covering stories on finance.
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Go here [gawker.com] and see PierreHapjo
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Here you go, Moustache. It's much better than a star.
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His columns make it clear he's one of those guys that thinks he can convince readers by manipulating the numbers - because he believes he's so smart that no one can call him on it.
So, yeah, I've been on the Krugman backlash for a few years already!
03/30/09
03/30/09
Just my opinion, he's smart enough to let his tendencies - liberal and doomsday - lead his analysis, and still have his analysis be credible.
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03/23/09
Right?
03/23/09
Too Soon.
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