CNBC Host calls Paul Krugman a communist; outraged progressives offer denials, suggestions he be re-educated
I do so love irony.
Nonsense, Mr Kernan! The printing of more and more money and the sabotaging of the energy sector have nothing whatever to do with raising prices for commodities. How dare you even float such drivel, unsupported as it is by “some economists” (like, for instance, Krugman). It’s drought that’s causing the rise in food prices. Which, let me remind you, is tied to global warming and all this human exhalation of CO2 — none of which could be helped by the ending of ethanol subsidies, or genetically modified corn, or the regulatory boot taken of the throats of farmers.
Similarly, it’s global demand for oil causing the rise in oil and gas prices — which would not be lessened in any significant way were we to, say, produce more oil and natural gas. After all, hurricanes shut down some refineries. What’s to say if we had many more refineries or allowed for more exploration of offshore drilling and production, that wouldn’t in turn cause more hurricanes, which would then come along and ruin everything that was so perfectly designed by the progressives?
Jesus. Does Kernan have Nobel Prizes in economics? No? Than he should probably just shut up and defer to people like Krugman. Who can prove their economic literacy by the very fact of their Nobel Prizes — much like Obama and Carter and Arafat can prove how goodly and kind and peaceful they are by trotting out their hardware.
Perception is reality.