Comments on: Is Paul Krugman stupid, or just dishonest? http://libertarianstandard.com/2011/09/26/is-paul-krugman-stupid-or-just-dishonest/ Property - Prosperity - Peace Fri, 10 Apr 2015 10:56:35 +0000 hourly 1 http://wordpress.org/?v=4.1.1 By: Brian Martinez http://libertarianstandard.com/2011/09/26/is-paul-krugman-stupid-or-just-dishonest/#comment-2185 Mon, 21 Nov 2011 05:05:09 +0000 http://libertarianstandard.com/?p=9225#comment-2185 heubler, in what way was Enron not held accountable? The company went out of business once it lost shareholder confidence and its stock crashed. And several of its leaders faced criminal prosecution. Even their auditor Arthur Andersen went out of business as a result of the scandal. Those are pretty harsh penalties for cooking the books.

But when does that ever happen when public bureaucrats waste hundreds of millions or even billions of taxpayer dollars? If the market could treat the Department of Energy the same way the government treated Enron, it would abolish the department and put Steven Chu on trial.

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By: heubler http://libertarianstandard.com/2011/09/26/is-paul-krugman-stupid-or-just-dishonest/#comment-2184 Sun, 20 Nov 2011 20:15:46 +0000 http://libertarianstandard.com/?p=9225#comment-2184 “It isn’t that private equity is never lost in business ventures. It’s that there’s a level of accountability when it happens.”

Enron?

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By: heubler http://libertarianstandard.com/2011/09/26/is-paul-krugman-stupid-or-just-dishonest/#comment-2183 Sun, 20 Nov 2011 20:11:25 +0000 http://libertarianstandard.com/?p=9225#comment-2183 “The big difference is that in government, politicians and bureaucrats decide how to spend and risk other people’s money without their consent. In private enterprise, people consent to the level of risk they take when they invest.”

My last boss withheld my 401 k contributions, for over two years, and used the money for operating expenses. Now the company has been sold, because he was able to use those funds stolen from me and other employees to make the company seem more profitable than it was. Laws that might hold him accountable are so weak, as to be functionally useless.

In private enterprise, things aren’t always what they seem, and people don’t always give consent to what corporate bosses force them into.

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By: WhiskeyJim http://libertarianstandard.com/2011/09/26/is-paul-krugman-stupid-or-just-dishonest/#comment-2139 Thu, 10 Nov 2011 15:14:14 +0000 http://libertarianstandard.com/?p=9225#comment-2139 Brian, I believe you missed an additional difference which makes the Solyndra fiasco worse.

The federal government loaned Solyndra money primarily BECAUSE private equity would not.

Solyndra could not longer tempt private capital. Numerous potential private investors stepped forward to say that 10 minutes with Solyndra’s prospectus was all that was needed to see why their offering failed. That the government stepped in defies rationality.

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By: Ned Netterville http://libertarianstandard.com/2011/09/26/is-paul-krugman-stupid-or-just-dishonest/#comment-2054 Wed, 28 Sep 2011 22:37:57 +0000 http://libertarianstandard.com/?p=9225#comment-2054 “Is Paul Krugman stupid, or just dishonest?”

Both.

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By: Dave Eave http://libertarianstandard.com/2011/09/26/is-paul-krugman-stupid-or-just-dishonest/#comment-2053 Tue, 27 Sep 2011 18:18:17 +0000 http://libertarianstandard.com/?p=9225#comment-2053 I think between Paul Krugman and Robert Reich, the level of economic heresy and political hackery has never been higher.

These whackos are given a national podium in the NY Times and NPR to espouse the merits of policies that have continuously failed, left economies, countries and entire nations in ruin, most recently in Japan, but mirrored in the past crashes of South America, Eastern Europe, the USSR, South Asia and Even here in America.

These people are more dangerous than disingenuous idiots, they are shills for the perpetuation of failed Keynesian policies that leave bureaucrats and bankers in charge of the fate of the nation. These people need a good tar n’ feathering.

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By: Wirkman http://libertarianstandard.com/2011/09/26/is-paul-krugman-stupid-or-just-dishonest/#comment-2052 Mon, 26 Sep 2011 07:23:11 +0000 http://libertarianstandard.com/?p=9225#comment-2052 The big difference is that in government, politicians and bureaucrats decide how to spend and risk other people’s money without their consent. In private enterprise, people consent to the level of risk they take when they invest.

For Krugman not to see that diference suggests a level of carelessness not attributable to ideology. He strikes me as simply a “bad man.”

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By: Mickey Hobart http://libertarianstandard.com/2011/09/26/is-paul-krugman-stupid-or-just-dishonest/#comment-2051 Mon, 26 Sep 2011 06:10:50 +0000 http://libertarianstandard.com/?p=9225#comment-2051 You say it rather strongly, but you have a good point. Also, thanks for the Coyote link.

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