Krugman: So Utterly Wrong, Again

Former Enron advisor and liberal "economist" Paul Krugman opines the following today in his New York Times column:

"And this third depression will be primarily a failure of policy. Around the world — most recently at last weekend’s deeply discouraging G-20 meeting — governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending."

I would offer this statement as Exhibit A in his involuntary commitment hearing.

The primary, secondary, and tertiary cause of the present economic condition is too much GOVERNMENT POLICY. World wide, we are suffering from too much government, too much spending, too much government economic regulation, and too much government-enforced wealth transfer, and too many government schemes designed to try to legislate around the market.

The real fix to the present economic condition is not just less government spending, but less government period.

Until liberals like Krugman come to understand the truth that governments are a net drain on the economy, they will continue to visit this government-approved pox of malaise upon humanity. Governments produce nothing and generate no profit. Every tax dollar to the government is both a market distortion and a violation individual economic rights.

More importantly to the current condition, every dollar provided to the government is worth less to the economy than a dollar left in the hands of the person that earned it.

More government, more spending, and more stealing of the wealth of the future generations is not just bad policy, it is criminal. Paul Krugman should be ashamed for suggesting otherwise. But we all know that liberals have no shame whatsoever.