Tuesday, April 26, 2011

Krugman and Kerry, Sittin' in a Tree....

Well, before....after....before.....it's all the same in Nobel Prize land, right?

...the Federal Government, however solid its finances may currently appear, is in fact living utterly beyond its means. While the present generation of retirees is doing very nicely, the promises that are being made to those now working cannot be honored. --Paul Krugman, 1996

Remember that old joke about economists, ending with "....on the third hand...."?

It's not a joke. Krugman is the joke.

HT: Malkin via Verum

1 comment:

Deekaman said...

"What do you want it to be?"

This shows you how far they are willing to go. Krugman was either lying then or now. Which is it Paul?