Keynesian Non-Prophet/Profit Still Eating Crow!

I originally posted the following information and commentary onto my Facebook wall…

Non-Prophet/Profit, Paul Krugman

Non-Prophet/Profit, Paul Krugman

Paul Krugman Says Markets Will ‘Never’ Recover From Trump; Dow Hits Record High:

New York Times opinion writer and economist Paul Krugman predicted early Wednesday morning that the stock market will “never” recover from Donald Trump’s presidential victory, only to be proven spectacularly wrong in less than a day. Instead of collapsing, the Dow Jones Industrial Average surged to an all-time high shortly before the closing bell.

Futures markets imploded Tuesday night as soon as it became apparent Trump was likely to win. At their nadir, futures for the Dow Jones Industrial Average had dropped 750 points.

At that point, Krugman chose to release a blog post in which he predicted these jitters represented a new permanent reality in the U.S. economy.

(Read entire article here…)

My CommentaryAnother Keynesian Non-Prophet/Profit Who Subsists on a Steady Diet of Crow:

That’s right! This is, indeed, the same genius, who said, in 1998, “By 2005 or so, it will become clear that the internet’s impact on the economy has been no greater than the fax machine’s.”

This quote was brought to you by the same financial terrorists who claim that breaking windows will “stimulate the economy”!

How many times will these “experts” betray the truth before they are finally discredited as pure fraudsters?

Meditating on American Contempt for Liberty

The following correspondence originally took place here, upon the Facebook page of Walter E. Williams

(replies from all third parties have been omitted for clarity)

Walter E. Williams:


“People who denounce the free market and voluntary exchange, and are for control and coercion, believe they have more intelligence and superior wisdom to the masses. What’s more, they believe they’ve been ordained to forcibly impose that wisdom on the rest of us. Of course, they have what they consider good reasons for doing so, but every tyrant that has ever existed has had what he believed were good reasons for restricting the liberty of others.” – Walter E. Williams