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Thread: Economist Paul Krugman Declares Bankruptcy

  1. #1
    Senior Member Franco's Avatar
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    Default Economist Paul Krugman Declares Bankruptcy

    And, this is the guy that the administration relies on so heavily! Somehow, I can't feel sorry for a Keynesian going belly-up.
    http://dailycurrant.com/2013/03/06/p...al-bankruptcy/


    In a Chapter 13 filing to the United States Bankruptcy Court in the Southern District of New York, lawyers for Krugman listed $7,346,000 in debts versus $33,000 in assets.

    $7.3 million in debt and only $33k in assets! This looks criminal to me. Maybe he can get $49. for his Noble Peace prize
    The Libertarian Party believes that all persons are entitled to keep the fruits of their labor. A call for the repeal of the income tax, abolishment of the Internal Revenue Service and all federal programs and services not required under the U.S. Constitution. We support the passage of a "Balanced Budget Amendment" to the U.S. Constitution, provided that the budget is balanced exclusively by cutting expenditures, and not by raising taxes. LP.org

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    Senior Member Buzz's Avatar
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    Quote Originally Posted by Franco View Post
    And, this is the guy that the administration relies on so heavily! Somehow, I can't feel sorry for a Keynesian going belly-up.
    http://dailycurrant.com/2013/03/06/p...al-bankruptcy/


    In a Chapter 13 filing to the United States Bankruptcy Court in the Southern District of New York, lawyers for Krugman listed $7,346,000 in debts versus $33,000 in assets.

    $7.3 million in debt and only $33k in assets! This looks criminal to me. Maybe he can get $49. for his Noble Peace prize

    Franco, check my reply to your facebook post LOL!

    For those who aren't my facebook friend...

    http://krugman.blogs.nytimes.com/201...1/breitbarted/

    Also read the story he linked. Breitbart.com, the last word in journalistic integrity...
    "For everyone to whom much is given, of him shall much be required." -- Luke 12:48

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    Fake news, sorry Franco. I knew it was too good to be true. Here is the story and unfortunately I can only find it on the huffington post
    http://www.huffingtonpost.com/2013/0...n_2852538.html

  4. #4
    Senior Member Franco's Avatar
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    Quote Originally Posted by Buzz View Post
    Franco, check my reply to your facebook post LOL!

    For those who aren't my facebook friend...

    http://krugman.blogs.nytimes.com/201...1/breitbarted/

    Also read the story he linked. Breitbart.com, the last word in journalistic integrity...
    Thanks for the heads up Buzz.

    I don't read Beibart and I guess I'll stop reading the Daily Currant emails!
    The Libertarian Party believes that all persons are entitled to keep the fruits of their labor. A call for the repeal of the income tax, abolishment of the Internal Revenue Service and all federal programs and services not required under the U.S. Constitution. We support the passage of a "Balanced Budget Amendment" to the U.S. Constitution, provided that the budget is balanced exclusively by cutting expenditures, and not by raising taxes. LP.org

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    Senior Member Golddogs's Avatar
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    Quote Originally Posted by Franco View Post
    Thanks for the heads up Buzz.

    I don't read Beibart and I guess I'll stop reading the Daily Currant emails!
    Come on Franco, journalism 101, get 3 sources to confirm a story. This is someting Uncle Billy would do.
    Never trust a dog to watch your food!

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    Senior Member Franco's Avatar
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    Quote Originally Posted by Golddogs View Post
    Come on Franco, journalism 101, get 3 sources to confirm a story. This is someting Uncle Billy would do.
    Guilty as charged!


    Here is how the story got started;
    Toni Straka lives in Vienna, Austria. He’s the 48-year-old founder and publisher of the Prudent Investor blog, the subtitle of which reads, “CHRONICLING THE GLOBAL DEBT EXCESS SINCE 2005.” A recent piece from the Austrian magazine Format caught Straka’s attention — it spoke of New York Times columnist Paul Krugman’s filing for Chapter 13 bankruptcy.
    That’s a slam-dunk post for Straka. “This is the birthplace of Austrian economics,” says Straka. “It was just too good of a story that the prototypical Keynesian follower, Krugman, had declared bankruptcy. That was just too saucy a story for us.”
    The Libertarian Party believes that all persons are entitled to keep the fruits of their labor. A call for the repeal of the income tax, abolishment of the Internal Revenue Service and all federal programs and services not required under the U.S. Constitution. We support the passage of a "Balanced Budget Amendment" to the U.S. Constitution, provided that the budget is balanced exclusively by cutting expenditures, and not by raising taxes. LP.org

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    Senior Member Buzz's Avatar
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    Quote Originally Posted by Franco View Post
    Guilty as charged!


    Here is how the story got started;
    Toni Straka lives in Vienna, Austria. He’s the 48-year-old founder and publisher of the Prudent Investor blog, the subtitle of which reads, “CHRONICLING THE GLOBAL DEBT EXCESS SINCE 2005.” A recent piece from the Austrian magazine Format caught Straka’s attention — it spoke of New York Times columnist Paul Krugman’s filing for Chapter 13 bankruptcy.
    That’s a slam-dunk post for Straka. “This is the birthplace of Austrian economics,” says Straka. “It was just too good of a story that the prototypical Keynesian follower, Krugman, had declared bankruptcy. That was just too saucy a story for us.”

    That's what I meant on Facebook when I said it is amazing the BS people are willing to swallow when it aligns with their beliefs. FWIW, liberals are not immune from this.
    "For everyone to whom much is given, of him shall much be required." -- Luke 12:48

    Raven - Moneybird's Black Magic Marker***
    (Esprit's Power Play x Trumarc's Lean Cuisine)
    Mick - Moneybird's Jumpin' Jack Flash***
    (Clubmead's Road Warrior x Oakdale Whitewater Devil Dog)
    Peerless - Moneybird's Sole Survivor
    (Two River's Lucky Willie x Moneybird's Black Magic Marker)

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    It's a satire, or a parable aimed at the low information voter
    "Women are like labradors...,they all have their quarks."~Phil Robertson

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    Quote Originally Posted by jeff evans View Post
    It's a satire, or a parable aimed at the low information voter
    Franco bought it!!!!
    Stan b & Elvis

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    Senior Member Franco's Avatar
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    Quote Originally Posted by jeff evans View Post
    It's a satire, or a parable aimed at the low information voter
    That's why I don't read Biebart.
    see post #4
    The Libertarian Party believes that all persons are entitled to keep the fruits of their labor. A call for the repeal of the income tax, abolishment of the Internal Revenue Service and all federal programs and services not required under the U.S. Constitution. We support the passage of a "Balanced Budget Amendment" to the U.S. Constitution, provided that the budget is balanced exclusively by cutting expenditures, and not by raising taxes. LP.org

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