The trouble with Paul Krugman is that he’s too brilliant.

[kpete]

Tell me what I see when I look in your eyes
By DougJ April 26th, 2013

The trouble with Paul Krugman is that he’s too brilliant. So says this wise Galtian:

The thing about 1% like me there’s a limit. What’s the limit 100% of my income. Unless you say now he’s got no income let’s go after his assets. We may get there … The money either comes from taxes or other activities… or a willing and compliant Fed saying how many bars you got? $1 billion? Turn the presses on! This is simple stuff! My problem with the Krugmans of the world is that they’re brilliant … they just may be too brilliant … Losing weight is not a very scientific endeavor you consume less calories than you burn you lose weight … so let’s stop all this crap with all of these high fallutin’ thoughts and ideas. You know what happens to people their eyes glaze over, I don’t know what the hell he’s saying.

more:
http://www.balloon-juice.com/2013/04/26/tell-me-what-i-see-when-i-look-in-your-eyes/#comments
http://www.businessinsider.com/ken-langone-paul-krugman-rant-2013-4

[dawg]

1. You can be smart enough to get rich (Mr. Langone) ...

without being smart enough to understand all the ins and outs of how national economies work (Mr. Krugman).

[muriel_volestrangler]

2. It's rare for someone successful with money to make themselves look quite so unqualified

to say anything whatsoever about the economy. Honestly, I think I'd rather ask Dubya for his opinion on the economy than that guy. He tries to reduce it to the over-simplified "we need to spend less" that you could get from a random drunk in bar.

[muriel_volestrangler]

3. Krugman replies:

A while back Noah Smith described one common strategy for arguing against Keynesian economics, and yours truly in particular: “Relentlessly pretend to be an ignorant simpleton.” Of course, as always, this strategy is most effective if you aren’t pretending, and really are an ignorant simpleton.

Which brings me to this rant by Ken Langone, in which he answers my arguments by saying,

Let’s stop all this crap with all of these high fallutin’ thoughts and ideas. You know what happens to people their eyes glaze over, I don’t know what the hell he’s saying.

This may, by the way, be the first time I’ve ever heard anyone say “high fallutin” outside of an old Western.

http://krugman.blogs.nytimes.com/2013/04/27/the-ignoramus-strategy/

[jwirr]

4. To me he is a brilliant man who makes it his business to remember the past. I lived through the

recovery from the Great Depression and I agree with most of what he says.

[byeya]

5. Here's an answer to dumbothons: My side was tried & it worked; your side was tried and it failed

several times, the last time bringing the world to the brink of financial collapse.