this post was submitted on 09 Nov 2023
231 points (100.0% liked)

the_dunk_tank

15914 readers
12 users here now

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.

Rule 1: All posts must include links to the subject matter, and no identifying information should be redacted.

Rule 2: If your source is a reactionary website, please use archive.is instead of linking directly.

Rule 3: No sectarianism.

Rule 4: TERF/SWERFs Not Welcome

Rule 5: No ableism of any kind (that includes stuff like libt*rd)

Rule 6: Do not post fellow hexbears.

Rule 7: Do not individually target other instances' admins or moderators.

Rule 8: The subject of a post cannot be low hanging fruit, that is comments/posts made by a private person that have low amount of upvotes/likes/views. Comments/Posts made on other instances that are accessible from hexbear are an exception to this. Posts that do not meet this requirement can be posted to !shitreactionariessay@lemmygrad.ml

Rule 9: if you post ironic rage bait im going to make a personal visit to your house to make sure you never make this mistake again

founded 4 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] quarrk@hexbear.net 19 points 1 year ago (1 children)

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

[–] emizeko@hexbear.net 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

[–] quarrk@hexbear.net 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.

[–] emizeko@hexbear.net 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