30 Dec '13, 4pm

Paul Krugman Is Wrong: Bitcoin Isn't Evil, But Monetary 'Stimulus' Is

Paul Krugman Is Wrong: Bitcoin Isn't Evil, But Monetary 'Stimulus' Is

The verdict is in, and you sir have lost on a summary judgment motion based on failure to provide evidence of any sort to support your spurious allegations. Your statement, “In one sense, there are no bad arguments against stimulus because it can’t work and it never has,” is rejected for sheer absurdity and abject buffoonery. There are too many examples of successful fiscal policy to name them all. So, I will just name two. The best example is WWII. The government spending on that horrid enterprise almost instantaneously pulled America out of the dull-drums of the Great Depression and sent America on an unprecedented economic expansion. The second example is the public works and other fiscal spending in the early 1930s. This stimulus was not as successful as the WWII stimulus because it was much smaller in scope. Nonetheless, during the early ’30s the U.S. economy was expa...

Full article: http://www.forbes.com/sites/realspin/2013/12/30/paul-krug...

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