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Periodic Krugman Piece

Here.

I read it, and thought “my God, this man actually sounds like he’s describing problems which actually exist. I don’t remember him ever doing that.”

But of course the pattern for good propaganda is truth, truth, truth, half truth, lie, truth. No good propagandist tells the truth less than 95% of the time. They just pick and choose which truths they want to include, exclude those that don’t help, and spin their choices such that the facts are correct, but the interpretation is not.

Good jobs disappearing. True.

Solution: more unions and Obamacare. Patently false.

Citoyen Krugman: are you capable of grasping that interest payments on borrowed money are a net drain of wealth? That given less wealth, there is less wealth to distribute in ANY fashion? You help remind those who forget that Ph.D often stands for “Piled higher and deeper.”

The foundational problem we face is this: the product of our labor and creativity is stolen from us through the process of inflation. People don’t get this. Nobody seems to be capable of stepping far enough outside the consensus reality to get this.

I am not now, nor have I ever proposed going back to some past time or system. What I am proposing has never been done. Sooner or later I’m hoping to find an economist with the courage to wrestle seriously with what I have proposed.

Once again, it is here: http://www.goodnessmovement.com/Page14.html

I go through phases of trying to solicit feedback. I’ve sent it to at least 20 economists and several business people, with no luck. If you know anybody, please send it to them. If I’m an idiot, tell me why.