General Discussion

dawg

(10,777 posts)

19. Maybe it's you.

Tue Jan 24, 2012, 08:13 AM

Jan 2012

There is no consensus definition of depresssion, but it's very clear from history that there were many years of positive GDP growth during the period of time we now refer to as the Great Depression. The key point was that the economy was significantly below potential for a very long period of time.

It's fine to disagree with Krugman. He's human and can certainly be wrong.

But calling him a hack or an idiot is more of an indication that you might be missing something.

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Highlight:

Paul Krugman: Is Our Economy Healing? [View all] babylonsister Jan 2012 OP

Pardon my skepticism Demeter Jan 2012 #1

Looks ProSense Jan 2012 #2

rarely is the question asked hfojvt Jan 2012 #3

Wow ProSense Jan 2012 #4

snap mikekohr Jan 2012 #8

not so much hfojvt Jan 2012 #9

Chess? mikekohr Jan 2012 #11

Can we expect republican voters to learn? redqueen Jan 2012 #21

Well, I was a teen age hfojvt Jan 2012 #27

Thanks, redqueen Jan 2012 #29

They do learn Johonny Jan 2012 #32

Krugman is an idiot surfdog Jan 2012 #5

And what are you're credentials? dawg Jan 2012 #10

My credentials? surfdog Jan 2012 #15

Maybe it's you. dawg Jan 2012 #19

And maybe it's you surfdog Jan 2012 #23

I'm not the one calling a nobel prize winning economist a hack. dawg Jan 2012 #24

Disagreement ? surfdog Jan 2012 #30

"Krugman wants us to believe that a depression can have positive GDP and job growth .." dawg Jan 2012 #31

Oh please surfdog Jan 2012 #33

Again, I have to ask "Why the anger towards Krugman?" dawg Jan 2012 #34

This is simple logic... surfdog Jan 2012 #36

Was FDR President during the Great Depression? dawg Jan 2012 #37

Just stop already surfdog Jan 2012 #38

I disagree with Krugman on this, but he is not an idiot. Zalatix Jan 2012 #12

Of course he is an idiot surfdog Jan 2012 #20

You better tell FDR about this! cthulu2016 Jan 2012 #25

Here. dawg Jan 2012 #26

Yup, it's called a sucker's rally. Zalatix Jan 2012 #28

The GDP grew in 1933 and average yearly growth was over 10% from 1934-36. Better Believe It Jan 2012 #35

Economy won't continue to improve Broderick Jan 2012 #6

Don't forget that the Republicans created this mess in the first place Major Nikon Jan 2012 #7

Exactly. n/t ProSense Jan 2012 #13

K & R Scurrilous Jan 2012 #14

Wow, Is this the same Krugman who has been insisting we are heading for depression?? DCBob Jan 2012 #16

Of course the economy is improving. The question is, what is it improving TO? eridani Jan 2012 #17

oh Paul Krugman renegade000 Jan 2012 #18

lol redqueen Jan 2012 #22

Pure hyperbole, there is no need for absolute agreement for general respect. TheKentuckian Jan 2012 #39