On Friday, I got an alert on my phone for a story while I was out shopping, and I have to admit, I was intrigued by the headline:” ‘ Disturbing scenario ‘: Top economist sees apocalyptic future that MAGA does n’t understand”.
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Who was this” best analyst” they spoke of? Simply put, I had to click the link.  ,
In the middle of the keep, I almost laughed out loud.
The starting line of the content from Raw Story read,” New York Times columnist Paul Krugman predicts that Donald Trump will get credit for all of President Joe Biden’s financial achievement over the past four decades” says Krugman.” He anticipates that the President-elect’s supporters have no idea of the harm his policies may reason.”  ,
I do n’t know what’s funnier, that Raw Story dubbed Krugman a” top economist” or that it actually took this man seriously. Sure, he’s a Nobel Prize-winning scholar, but Barack Obama won a Nobel Peace Prize for actually doing nothing, so like contrasts mean very little to me. Here’s how the post continued.
Krugman said that Americans do n’t understand how important immigrants are to the American economy in a conversation with Greg Sargent from The New Republic.
” It is something like probably 8 million undocumented workers in the United States, anything like 5 percent of the workforce”, he said. ” You say, OK, that would be very poor if we lose that, but how bad could it be? And the truth is that they are not equally distributed.
People who are going to get detained and placed in tents are a key part of the food supply chain.
He said that many people do n’t understand how food gets to their table, from planting to picking, processing, transporting and stocking. ” A pretty big surprise to person’s cost of living and the way they live,” he continued, adding that absolutists and phrases are going to produce.
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Who is listening to this gentleman, and why? He might be most popular for being so mistaken.  ,
He reportedly predicted in 1998 that” by 2005, it will become apparent that the Internet’s impact on the economy has been little greater than the telephone processor’s. ”  ,
Krugman has even made numerous errors regarding Bitcoin’s effect. Paul Krugman, a noble prize-winning scholar, is one of the most powerful people in his industry, which means that when he discusses bitcoin, “wrote Reason magazine in 2021.” However, most of what he has had to say about the crypto over the years has been misguided, confused, or simply flat bad.”
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Again in 2010, Krugman touted Europe’s cultural political economic unit as a major accomplishment, claiming that it proved the validity of such laws. But, soon after, Europe faced a major financial crisis marked by debts and governmental instability.
Krugman even comically predicted that if Trump won the 2016 vote, there would be a” global recession with no end in sight.”
That rarely happened.  ,
Under Joe Biden, Krugman was confident in his prediction of a booming business in November 2020. Four years later, we’re still waiting for the growth. He likewise brushed off concerns about inflation, claiming in early 2022 that there was no need to fret. Needless to say, the subsequent soaring costs were entirely different.
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Rather than acknowledge his problems, Krugman doubled over. In 2022, he wrote in The New York Times that” 2021 was very incredible” as though the economic bubble he predicted had arrived. Paul wears intellectual obnus and is less of an economist than a left-leaning cheerleader.
Really, why is everyone taking anything this guy says really?
