this post was submitted on 09 Nov 2023
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the_dunk_tank

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It's the dunk tank.

This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.

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[–] [email protected] 22 points 1 year ago (2 children)

Michael Hudson talks shit about Krugman all the time and it’s hilarious

[–] [email protected] 13 points 1 year ago (1 children)

I started looking around to find some examples and I'm having a blast

MICHAEL HUDSON: It’s not a straw man argument; it’s deliberate ignorance. You have to really have tunnel vision and not understand the most basic economic history to make the misrepresentations that Krugman said.

And if I hadn’t met him, and I didn’t know how really stupid he is as a person, I would think he’s deliberately lying, but I have met him and he really is that stupid.

continues at https://www.nakedcapitalism.com/2023/05/ny-times-is-wrong-on-dedollarization-economist-michael-hudson-debunks-paul-krugmans-dollar-defense.html

[–] [email protected] 9 points 1 year ago (1 children)

That is the specific statement I remember lol, I watched the video embedded on that page. If you haven’t already, I suggest reading/listening to the whole thing because it’s quite funny yet informative.

So Krugman doesn’t understand the difference between paying a domestic debt and paying a foreign debt. And that’s because he doesn’t understand foreign trade.

If he understood foreign trade and debt, he never could have won a Nobel Prize. A precondition for winning the Nobel Prize is not to understand how international finance works so that you can act to preserve the kind of financial superstition that’s taught in the universities like the University of Chicago.

[–] [email protected] 6 points 1 year ago

I read the whole thing and it's great but now I might watch the video just to enjoy his delivery

[–] [email protected] 9 points 1 year ago

He is so respectful to everyone except this ghoul 😂