Paul Krugman: What have we learnt from the crisis?

Paul Krugman, Distinguished Professor of Economics at City University of New York

[MylesRbert]

Look up Steve Keen he debunks Krugmans claim made at 1:03:20

[mtalby]

What have we learnt from the crisis?

Well I’m just back from attending this lecture & the answer to the question is clearly that this lauded Nobel prize winning economist for one has learned nothing.

To quote:

1h16m30s the main thing is, you want me to give you a solution how do we solve this thing and the answer is erm.. I don’t know how really you make everything work better but you have to try yourself ...

after which he teases us by saying

1h17m48s it's been a lesson
1h18m20s terrible events do teach you a lot about the world - they are in a way kind of experiments that god has done at our expense

without ever telling us what he may have learnt from god!

Insultingly under-prepared, poorly presented & ultimately pointless to the extent that several co-attendees wondered whether he was perhaps drunk.

His twin conclusions that we haven’t advanced because a cartoon from 23 years ago still feels relevant today (1h38m25s) & we haven’t fulfilled the Sci-Fi promise of 2001 (1h39m48s) were truly sad.

I'm going to have some explaining to do tomorrow as I actually persuaded several people to go.

[gamesnerd]

He is speaking like every professor giving a lecture.... Mumbling and not saying anything important at all. In the end no one knows what he wants to say.