a multi hundred billion multi-trillion dollar market so the internet before netscape was when paul krugman said the internet is just a fad it will never be bigger and more important to the economy and the fax machine and looking at it then that the ugly beast it was that only richard stallman could figure out how to use it by the way when we've seen richard stallman use the internet he doesn't use it like you do but paul krugman has also weighed in on bitcoin with similar opinion right well you'd expect that because these guys are their indicators of of a market in a way that you have to interpret their words as a good reason to do the exact opposite so he's a guy who is he's just he's on the payroll of the of an academic system and the new york times to produce columns that old blue haired ladies a sense of comfort on their park avenue apartments they has no relevancy to actual day to day workings of technology the economy currencies is a complete bimbo in the second half we do talk to tony clippy of bit pay who was here last wednesday he was in town from atlanta and so we did talk to him

a few weeks ago, larry, joe scarborough took apart paul krugman on charlie rose. it was embarrassing if you were a krugman-ite. is it any wonder this guy -- >> was krugman there? >> head-to-head. krugman versus scarborough. scarborough humiliated. is it any surprise he wouldn't take on margaret thatcher until she's dead. >> i want to put the chart back up so the viewers can see the thatcher boom occurred in the '80s. it continued in the '90s. tony blair basically as a labor prime minister adopted thatcher's own policies. all i'm saying, jimmy, love her or leave her or hate her or whatever, here's the darn number. that's all i'm saying. from a nobel prize winner, he ought to level with his readers. >> the numbers are the numbers. i'm not going -- i will not dispute that margaret thatcher brought england from the 18th century into the 20th century. she without a doubt did it. here's the problem. the government needs to take a note out of that playbook, which is when you do austerity to that degree, you're going to, for lack of a better word, miss off a lot of your pe

ideologically right well there's a double tragedy at play here because of course people like paul krugman and the money printers will say you see steroids bad we need to print lots of money but of course they have an academic agenda as well they're not paul krugman doesn't have a real job the summer had a real job he doesn't having experience in the market or finance he has an ideological objective as well he'll use this to make errors on the other side of the debate by over stimulating by flooding the economy with money and has even milton friedman said there's no connection between monetary policy deployment but of course with a site that even though there are vets there are god milton friedman no so again neither krugman nor these to jerk off respect the market they should because the market is better than academics making arguments based on their own theories and then faulty data we have interviewed professor steve several times about this over the past few years and he said this americans and many policymakers have this obsession with the government debt number is when it is private

ideologically right well there's a double tragedy at play here because of course people like paul krugman and the money printers will say you see steroids bad we need to print lots of money but of course they have an academic agenda as well they're not paul krugman doesn't have a real job he's summer had a real job he doesn't have anything experience in the market or finance he has an ideological objective as well he'll use this to make errors on the other side of the debate by over stimulating by flooding the economy with money and as even milton friedman said there's no connection between monetary policy employment but of course with a site that even though there are that's their god milton friedman no so again neither krugman nor these to jerk off respect the market they should because the market is better than academics making arguments based on their own theories and then faulty data we have interviewed professor steve keen several times about this over the past few years and he said this americans and many policymakers have this obsession with the government debt number is when it i

business insider along with henry blodget they worship personalities whether it's bernanke here paul krugman they hate markets they hate price discovery they hate capitalism i noticed during this twitter crash flash crash gold price day rock solid because it hasn't turned to value whereas apple stock it could be seven under one day four hundred the next day there is no real intrinsic value of apple they've got a lot of cash on the balance sheet they have a few gadgets that people like but that could easily go to zero enron go to zero world com go to their j.p. morgan could easily go to zero whereas gold is going to go to zero and it performed beautifully during this controlled demolition by paper bags like joe weasel vote. a stalinist paper book terrorist who needs to be really constrained in some way because it is his propaganda is destroying the american economy well it's a battle between where in the at a point where that system is falling apart so it makes sense that they're trying to justify everything and look for reason to continue to have hope and at the gold price is it's not so muc

their business side along with henry blodget they worship personalities whether it's bernanke here paul krugman they hate markets they hate price discovery they hate capitalism i noticed during this twitter crash flash crash gold price stayed rock solid because it hasn't transit value whereas apple stock it could be seven under one day four hundred the next day there is no real intrinsic value of apple they've got a lot of cash on the balance sheet they have a few gadgets that people like but that could easily go to zero. and wrong go to zero world congo's or j.p. morgan could easily go to zero or is gold is never going to go to zero and it performed beautifully during this controlled demolition by paper bags like joe wiesenthal a stalinist paper book terrorist who need to be really constrained in some way because it is his propaganda is destroying the american economy well it's a battle between where in the at a point where that system is falling apart so it makes sense that they're trying to justify everything and look for reason to continue to have hope and at the gold price is it's not so m

ideologically right well there's a double tragedy at play here because of course people like paul krugman and the money printers will say you see steroids bad we need to print lots of money but of course they have an academic agenda as well they're not paul krugman doesn't have a real job he's summer had a real job he doesn't have anything experience in the market or finance he has an ideological objective as well he'll use this to make errors on the other side of the debate by over stimulating by flooding the economy with money and as even milton friedman said there's no connection between monetary policy to employment but of course with a site that even though there are vets there are god milton friedman no so again neither krugman nor these to jerk off respect the market they should because the market is better than academics making arguments based on their own theories and then faulty data on keiser report we have interviewed professor steve several times about this over the past few years and he said this americans and many policymakers have this obsession with the government debt nu

let's take a look at paul krugman. he said the old trick of blaming the needy doesn't seem to play the way it used to. that seems to be the point. back to you, joy, it seems to me that what they did use as arguments don't seem to work anymore so now they have got to do the general libertarian argument. any time the government does something, it's infringing on your freedom, therefore, it must be stopped. >> you're absolutely right. krugman makes the point when ronald reagan was talking about welfare queens, people would point to some other and saying they're the ones soaking up welfare benefits. now you've had this great recession where lots of middle class people from all walks of life have experienced what it means to suddenly drop out of the middle class. to have to need social services. you've got a lot of people taking care of their parents, finding out medicare is not a bad thing to have around and they like it because they're taking care of the elderly in their own families so it doesn't work to argue against th

paul krugman and david stockman debate washington's response to our economic crisis. when we come back. ♪ [ male announcer ] navigating your future can be daunting without a financial plan. at pacific life, we can give you the tools to help you achieve financial independence. for more than 140 years, pacific life has assisted families and businesses in meeting their goals, even in uncertain economic times. let us help protect the things that you work so hard for. to find out how, visit pacificlife.com. ♪ to find out how, visit pacificlife.com. and every day since, two years ago, the people of bp made a commitment to the gulf. we've worked hard to keep it. bp has paid over twenty-three billion dollars to help people and businesses who were affected, and to cover cleanup costs. today, the beaches and gulf are open for everyone to enjoy -- and many areas are reporting their best tourism seasons in years. we've shared what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp take

it's called our fault based on an argument between paul krugman and estonia's president.t took place on twitter after krugman expressed doubts about estonia's economy. most of the people say the opera was great. >> my ears are still ringing. >>> 4:56. let's check that morning commute. check from with mike over there. >> this earpiece flew out of my ear when she was singing. be careful what you tweet. northbound side, very light volume. lighter, southbound side. we will look at the map. no major issues. the little yellow on 880 at the top, a few slower cars, very light volume of traffic. 880 at stephens creek, that connector ramp still experiencing that service project. 280, alternate off ramps. the peninsula, 101 through palo alto, moves nicely. past ikea, light vot yum lume o traffic >>> 4:57. a local college campus on alert as police try to track down a man that attacked a student in her dorm room. >>> we have heard the various ways climate change could threaten the environment. here is a new one. it could have effect on wineries. >>> what a new report says about the fu

let's go back to paul krugman. more what he says.arge part to the super majority of the state house and tax increases by governor jerry brown. we have a very special graphic for the policy on the left. there it is. your reaction. let's go to you, cheryl. i have made a mockery of this. is that california is not making a comeback, tax and spend is not the way to go, and you say? cheryl: i say you are absolutely right. the policy in california, this is why you have the governor of texas, rick perry, launching ads to get business to leave the state. you have dairy farmers, 12 other governors right now courting the dairy industry, no more happy cows because of regulation, high taxes, high cost, etc., etc. that is one specific example why the policies in california do not work. stuart: still a very high rate of unemployment in california. liz: it is worse than rhode island and nevada. stuart: you can say governor brown has brought it back. brought the state finances back to the block. so he says. cheryl: the problem is he is so misleading

paul krugman. >> you know what, he was a young man working on the white house staff under reagan.he seemed to be like a pretty pleasant, astute guy, something went wrong over the last 30 years, maybe it is that aging doesn't suit some people well. but i would make the point that in 202 krugman actually said after the dotcom crash greenspan needs to create another bubble to get it going, let's have a housing bubble, he said that. now do you think the housing bubble that upended tens of millions of american families, the subprime what it did to the length and breadth of our society and the number of people that were harmed by that, you think that was a good idea? he recommended it. so when krugman. >> what he recommended then did not necessarily make it wrong here. >> he was wrong on the housing bubble, okay. that is for sure. >> i'm just saying because these are people as i said at the beginning, this thing created a whole lot of commentary. jared bernstein an advisor to the obama administration from 2009-11. says your analysis is mostly horrific screed and historical -- hunger gam

funds right you're saving money in banks or confiscating funds or you're saving to go against what paul krugman and the keynesians would talk about including david mcwilliams up there in dublin the paradox of savings that my income is your spending your spending is my income and there's a beautiful cartesian relationship between these two things according to our theories however they never incorporate into their theories of fact that banks are just stealing money out of people's bank accounts they're victimizing they're scapegoating little old ladies the little old ladies are the scapegoats for this whole grom to feed the stevie cohen's of the world and then get all puffed up saying look i own eric holder i don't barack obama i commit crime with impunity i don't have the bankers and it's those grannies fault that soylent green watch is put grannies in your urine findus burgers and your friend just goes on to replace granny with the horsemeat have a granny burger plus we've also covered the fact that these for one case which americans have been forced to save into their taking care of yourself d

paul krugman's latest document -- [♪ "world news tonight" theme ♪] >> stephanie: some people say good krugman writes it will fail because there are no grown ups. the gop response tepid so far. and response from obama's own supporters has been even more negative. i think it's a typical republican plot by the way, jim, the post office as you said their plan is to privatize everything. >> right. >> stephanie: they have backed off of a plan to halt mail delivery. they said congress has left us no choice but to delay the five-day a week plan. the dilemma for the post service is not payer funded but governed by congress so it competes against ups and fedex, and is one of the largest employers in the country. >> uh-huh. and there are people in rural areas that don't get things from ups -- >> stephanie: right. it is forcing us into insolvency. so they can privatize it like everything else. right back on the "stephanie miller show." [♪ theme music ♪] >> stephanie: all right. hour number 3. kristin stills the wife of steven stills in -- just a rock star in her own right, jacki, coming this up h

papers who have never had a real job in life ben bernanke has never had an actual job in his life paul krugman has not actually ever had an actual job in his life they're just put out insane documents and if it doesn't work out they'll do just blame some god of insanity well let's look at this you know you bring up these academics the old lady's staff gamers and gold bugs the old lady of course is the late old lady of threadneedle street and that's the bank of england and the bank of england employees spend their work time playing. online games planning trips to expensive shops and working out how to buy gold according to data obtained by the capitalist newspaper here and what they found is of the top five hundred sites one of the most frequented is the s.p.d. our gold shares company a company that promises an innovative relatively cost efficient and secure way to access the gold markets at the time of going to press they say max the capitalist could not confirm whether this pointed towards future monetary policy well a lot of people who work in slaughterhouses become vegetarians and people wh