137 Comments
User's avatar
Adorable Deplorable's avatar

At this point Paul Krugman should get a job with the Babylon Bee. Then at least he could hide behind the guise of satire.

Dutchmn007's avatar

Krugman has been wrong about EVERYTHING, yet still maintains his “anointed perch” @ the NY Slimes.

@ this point he’s a parody of himself. It takes a special kind of stupid to believe any of his “observations”.

dancingtime's avatar

My neighbor believes in Krugman so there's that....thinks that he has never been wrong but, when you get your information strictly from CNN and WaPo, what else can you think?

Dutchmn007's avatar

As noted above, he’s been wrong about EVERYTHING. @ this point believing in him is tantamount to believing in “Final Victory” as Russian tanks roll down the Unter den Linden in 1945 Berlin.

VICKI's avatar

Exactly. Some people are too stupid to ever see the light when it's right in front of their face. They never will change.

Marlan Hoerer's avatar

His employer is more than complicit/jus sayin.

Don Reed's avatar

07/02/25: Standing orders: If he gets anything right, he's fired. NYT after all has a reputation to uphold.

Grumpy Oldman's avatar

the New York Post isn’t any better…they’re both gossip rags.

Don Reed's avatar

07/02/25: Agreed. NYP are total cowards. Stabbed Trump in the back in 2020-21, backed the worst imaginable RINOs as 2024 candidates, fell on its face and then came crawling back to Trump, kissing ass. And they'll do it again in a heartbeat. Same for News Corp. Scumbags.

Jerry from Chicago's avatar

The only explanation I can come up with for his obtuse obfuscations other than his body has been taken over by aliens, is that he is married to a lovely progressive lady, like Morning Joe, and has to say these things or he ain't gettin any nooky.😊😋

Grumpy Oldman's avatar

the "pullet surprise' winner, or was it the Nobel Piece Prize, has always been a joke. he is a demand-side rather than a supply-side, Keynesian economist who thinks government is the end-all to be-all, the final arbiter in all things.

which political grifter or unelected bureaucRAT is clairvoyant, knowing what the future holds?

I think GOD is the only one who can answer that question. After all, He created the world.

Suzie's avatar

He’s not even with the NYT anymore. Even they tired of him!

Dutchmn007's avatar

Was not aware they’d parted company.

Don Reed's avatar

07/02/25: Didn't he retire and then go out to pasture on SubRinoStack? By the way, if you want to cancel a Substack subscription, or send word that you're not renewing your subscription, don't count on finding out how to do it on Substack. I eventually had to go through Google Search and got an instant AI response with clear and easy instructions on how to do it.

jdm's avatar

You are aware, aren't you, of all the ostensibly joke articles BB has published that came true? Fox News reported on 100 back in 2023. For example, <quote>the site had previously published a satirical piece suggesting that Musk would take Twitter private and make significant changes, which later transpired when Musk acquired Twitter (now known as X) and implemented substantial modifications</quote>

Krugman is never correct and he's never funny either.

EAWass's avatar

I can overlook him being wrong all the time, it’s a good barometer, but being unfunny, that’s fatal.

BubblePuppy7's avatar

Jim Cramer with a Nobel prize.

Forbes's avatar

Krugman reflects a very common trait among the smart-set, the ability to explain and rationalize almost anything they believe, including many things they merely wish to be true. This is especially common in academia (liberal arts/Humanities) where theory and abstraction prevails and reality, even common sense, rarely (never) plays a role.

Ross's avatar

I totally agree. As a young fella I had to spend a few years in academia and have the usual collection of letters after my name. It was the price I needed to pay to be employed in my profession. It was all a game and I never took the woolly woofters seriously, because in my real life I made and built stuff.

What always impressed me was the awesome ability of the academic crazies to speak and write, using wonderful words with such confidence and conviction while actually promoting nonsense.

Krugman is one of the best of them.

Don Reed's avatar

07/02/25: As long as they have a technical term to be able to describe what's being debated, they assume that they also know what the answer to everything is. Gosh, they must be a lot of fun at the holiday table...

Don Reed's avatar

07/02/25: "Mr and Mrs Ocasio-Cortez-Muskrat-Klugman." Sounds OK to me, as long as the penthouse honeymoon suite is in the Alligator Hilton Alcatrasio, down dere in Florida.

Brian LeMay's avatar

I for one don't think TDS is amusing ; forget him .

Phil Hawkins's avatar

As for Musk, I don't think he's a jerk. But he's a powerful CEO with enough ownership of his companies to be able to do what he wants. Even most CEOs don't have that much power in their companies. Trump, on the other hand, is president of a divided country, and leader of a party that includes a wide range of views (and quite a few swelled heads among the Congesscritters!). I have never heard of a CEO successfully dealing with the lawfare he faced over the last 4 years. And he has come back with even more support from the voting public than he had before, and has been amazingly successful in a short time already in this term.

Cookie McCall's avatar

I liked Bessent’s comment yesterday that Musk could take care of the rockets and Bessent would take care of the economy

marbucks's avatar

Musk isn’t a jerk, he’s just out of his lane. And maybe drug-addled.

Denton Salle's avatar

In a lot of ways, Musk is where Trump 1.0 was. It's frustrating as hell to not be able to do something because of the wimps in the GOP and the whole political mess. Trump learned and I suspect Musk will.

Joseph Kaplan's avatar

Musk and Trump and two high energy high ego high IQ highly competent leaders and doers trying to work together. Both always have to be the boss.

TeaPartyGal's avatar

For the last 9 months though, they have been partnering together MARVELOUSLY! It was really something to see Elon pouring out outstanding practical support for Trump. Hopefully, that partnership will resume at some point.

Brian LeMay's avatar

Elon is probably butt hurt over the EV , solar , and wind power subsidies . Great ideas without the technology to make it happen .

Shrugged's avatar

All true but Trump couldn't have done it without channels of communication to the people - first through many small outfit podcasters (some which have grown quite large), Truth Social (which he had to start from scratch to remain on the 'air'), and then through X (a relationship that may not be as conciliatory). People were persuaded because Trump could go directly to them.

If this condition remains, all good, but I suspect the deep state is finding ways to remove it, minimize it, or replace it with something else.

Disruptive innovation is very difficult to overcome when it is launched against you.

Alice Ball's avatar

So Don, I was stumped for a minute! But of course it’s jealousy. Elon has always had a big spotlight on him due to his Wowser inventions and staggering wealth. But being the toast of MAGA for saving free speech by buying Twitter, joining Trump after the assassination attempt & being Dark MAGA with the black hat, and being on stage with all the MAGA crackerjack talents multiple times, and then running DOGE. I bet it was awesome fun to be in Trump’s inauguration swirl and early days of gutting waste fraud & abuse. Glory days indeed. And then they blew up his cars, and his mission was over at the WH, and Trump is still the in the spotlight with unending BIG WINS. It’s got to be a letdown of sorts. I still have great respect for him due to his commitment to free speech and freeing up twitter, and basically telling Dem leaders and media to “get lost” if they thought they could censor and cancel him. TAW—Trump Always Wins!

TeaPartyGal's avatar

I don't think it's jealousy or "being a jerk". I think Elon is just still a novice when it comes to politics. He still thinks that because an idea is good and right--i.e., it would be very good to cut expenses in the US and get rid of our deficit--that therefore you simply push for that as hard as you can.

Elon does not realize that it takes more than "being right" to succeed in Washington. You have to Work With The Situation You Have--which is that many of the elected people in Washington will NOT VOTE FOR your good and right ideas. So Elon has let "the perfect" become the enemy of the "best you can actually achieve at the present time".

By doing this, Elon in essence is merely helping the Democrats. He is extremely unwise in attacking Trump the way he has been. When Elon matures in his understanding of politics, he will realize what Trump is up against, and will again throw his weight and support wholeheartedly behind Trump. Meanwhile, Elon will do real damage to the country if he primaries Republicans that voted for the BBB, instead of aggressively primarying the DEMOCRATS, who vote nearly lockstep against Trump on every single point.

These billionaires like Elon and Bill Ackman, have come to think that because they have been successful in the specific arenas of their businesses, that they therefore are experts on everything. They need the humility to realize they are still in the learning curve on politics. They are smart, and they will get there, but in the meantime they are amateurs in this field and therefore do some very damaging things.

dancingtime's avatar

All of which you have said is true...but, underneath is all is jealousy, the worst of the seven deadly sins....He does not and never will understand politics...Trump was that way in Trump 1.0....He was used to being a CEO and having directions carried out...he was not used to having people who were under him stabbing him in the back....Credit that he has learned those facts of life...the government organization is not the same thing as corporate....Musk has not learned that yet and he may not be able to.

Marlan Hoerer's avatar

I must disagree a bit,TPG. Elon must be perfect or there are no space loads to the space station and if he is not perfect in Cal. his boring machines will do untold damage ergo he needs perfection in his endeavors and thinks it carries over to politics.

TeaPartyGal's avatar

Ah, that is a good point, Marlan. In the science fields that Elon has been immersed in, there is indeed only one way, the correct and accurate way. But politics is not like that.

Elon needs to understand that if he pursues trying to start a 3rd party, he is only going to take away votes from Republicans. No Democrats will join his new Party, because they are deeply immersed in the entire anti-American ideology of the Left, and the new Party will not "stroke" their penchant for angry divisiveness and hardcore Leftist social policies.

But Elon's new 3rd Party would drain away enough weak Republicans to throw most elections to the horrible Democratic Party. This would be so damaging to America it would offset all the good Elon did in making Twitter a free-speech platform. In fact, by throwing elections to the Democrats, Elon would be digging his own grave, because if Democrats come to power again, the first thing they will do is shut down Twitter, and all of Elon's other companies.

Marlan Hoerer's avatar

All good points but will Elon be able to recognize this and put his ego aside for the greater good of preserving America and building to a greater unity in our fight against the msm/swamp hogs.

TeaPartyGal's avatar

I sure HOPE so, but have to admit I'm nervous that Elon won't recognize this in time.

Joe LaGreca's avatar

I think Musk feels like he got screwed with the elimination of EV subsidies, rejection of using Starlink, and rejection of his preferred choice to head NASA - after he spent 300M to help Trump and the GOP. I don't think billionaires make thee large donations without expecting something in return.

MLR's avatar

Paul Krugman and the CBO have the same track record for accurately predicting the future as your local palm reader. In fact, using the “Cramer Rule” one can just assume the opposite is what will actually happen. I will trust the “stable genius” to do the right thing.

Playswithneedles's avatar

Yes! Let everyone else trust the guy who predicted in 2016 that, if Trump won, the stock market would crash and never recover. What did the Dow close at yesterday? 44,495?

EAWass's avatar

He’s not a jerk. He’s an ideologue genius who is still too young to have amassed the knowledge necessary to understand trade-off in dirty politics (the “dirty” is redundant). He also has trouble trusting anyone but himself. This is completely understandable if you read his biography. I will be forever grateful for our return to “free speech“ due to his purchase of Twitter.

SDN's avatar

"War is a pretty dirty business, but politics ---- by Gum!" Field Marshal Montgomery, Viscount of Alamein.

Douglas Baringer's avatar

And a sorry example, check out Market Garden.

SDN's avatar

Oh, I am well aware of Market Garden. Montgomery had a talent for set piece battles, like El Alamein; it's why Eisenhower put him in charge of the D-Day landings; an amphibious assault is about as set piece as it gets once you've decided where and when. Market Garden was anything but set piece.

Suzie's avatar

But he absolutely does understand “necessary” trade-offs. You could not be a successful businessman without knowing that.

Even his purchase of Twitter has come with trade-offs, as he himself admits.

It was our Constitution that empowered him to unleash it from government censorship HERE. Not so much in Europe where he has had to comply with their draconian Digital Services Act, (DSA), in order to avoid crippling fines.

As he himself said on the subject, “freedom of speech is not freedom of reach”.

Interesting article on the subject:

https://claremontreviewofbooks.com/make-speech-free-again/

Suzie's avatar

I am resisting judging Elon for his seemingly petulant outbursts, reasons for which can be many.

He’s quite brilliant in many arenas, as his many successes testify to, but politics is not his strong suit, and God bless him, it is a messy and too often ugly state of affairs. God knows It rubs most decent people the wrong way.

We don’t live in a perfect world, with perfect people. It is a fallen world populated with a sinful people.

The miracle is that we haven’t destroyed ourselves already, perhaps many times over, purely due to the benevolence and mercy of God.

Our lives here are the testing ground to purify and perfect us as much as possible in order to prepare us to be able to live in the next in heavenly places.

Keeping our focus on that fact of life is the challenge for every believer in God. It also will help keep you sane, sober-minded and useful.

If you’ve read the Bible, nothing really ends well here on planet earth until God literally comes and puts His foot down.

“ Here is the patience of the saints: here are they that keep the commandments of God, and the faith of Jesus.”

- Revelation 14:12

Wim de Vriend's avatar

Although I'd prefer never to quote Paul Krugman, this gurgling expectoration of his was irresistible:

"Again, I’m not being snobbish here. When the fate of the world economy is on the line, the malignant stupidity of the policy process ..."

Au contraire: the facts confirm not only that he's an incurable snob, but an ignoramus residing in La-La-Land. Because, during Krugman's overly long career, any speculator who had bet against him would have done very well indeed.

Danimal28's avatar

I like Musk and am grateful for the risk he took in becoming overt and buying and cleansing X. Where is his $2T in savings?

"But given his track record, I will trust Trump on this one and frankly every other issue."

Exactly. We had the highest purchasing power in our lives in 2019 due to his policies. Now he has had four extra years in refining his economic genius.

SDN's avatar

"Where is his $2T in savings?"

Tied up in Congress waiting for them to pass recission bills, mostly. You have the same failing he did: you want your cloud castle and you want to move in next Tuesday. In Elon's case, it's compounded by his being able to do that (so far) just by sheer determination and hard work.

Danimal28's avatar

I know all of this, especially the petulant and controlled 435 congresscritters.

Cheech's avatar

I'd like to follow up on my prior comment on "simple, declarative sentences". The US Air Force, in training 18 and 19 year olds on the maintenance and repair of exotic avionics, had a training credo that went:

- tell them what you're gonna tell them;

- tell them; and,

- tell them what you just told them.

I'd like to see an analogous approach to explaining tariffs, the BBB, et al.

dancingtime's avatar

Aaahhh....the KISS method....my credo...

Cheech's avatar

I think it's time that the Pulitzer committee come up with a prize for "simple declarative sentences" to explain all this gibberish. Is every writer being paid by word count ?

( Not you Don. )

donald b welch's avatar

the more they repeat themselves the farther down the pages we read and the more advertising money is generated. that's why it's called click bate.

golf, play sports, invest, travel and protect your safety and assets...ignore everything else and never ever get involved with democrat females.

N.Wallace's avatar

Comes the orator with a flood of words and a drop of reason.

Shrugged's avatar

"I have no idea why Elon Musk wants to raise taxes and opposes cutting spending, but I believe he is out of his league on this one."

I didn't vote because I couldn't answer this question, which is the big issue behind today's post about trade and numbers and CBO stuff. More than Musk, that question also applies to at least half of Congress which includes all of the Dems.

Why would we (our freely elected officials) make financial decisions that are not only ill-advised for our long-term health, but would ultimately destroy our nation and all the people in it?

We are our own worst enemy and it must be stopped if we are to survive.

Suzie's avatar

You could also ask why would politicians rally around illegal criminals, terrorist regimes, and men pretending to be women?

It’s not about those things. It’s about amassing power, by any means necessary.

We are all actors on the stage of earth in the drama of the Ages, the Battle of Good vs. Evil.

We are all being asked to choose, not for this life, but for the life that is to come.

Deuteronomy 30:19

“I call heaven and earth to record this day against you, that I have set before you life and death, blessing and cursing: therefore choose life, that both thou and thy seed may live”

Shrugged's avatar

Agree with your theology, especially facing the choice between good and evil, but not your blanket statement about politics. How can supporting men in women's sports, tranny surgeries for children, and supporting all things that end up trafficking children in the pedophile sex industry add power to the Dems? It is overwhelmingly rejected. Yes, there are sick people in the world who may pay for that but any link to that revenue (ie through Hollywood for example) doesn't offer power. It just doesn't hang together for me. These things are killing the Dems and their power influence. If by power you mean money - and love of money corrupts thoroughly - then I am more in line.

I believe China is big enough to be seeking power - world domination - and able to put many tactics in play to obtain that but that means more than half our Congress is beholden to China instead of our Constitution, including Elon Musk.

I know there will always be a few bad actors, but, in general, they are a majority in our Congress. Just look at what the Senate did to the BBB before it would pass.

I am happy with many things in the BBB but NOT happy about how it turned out after our 'untouchables' in the Senate turned it into their slush funds.

Suzie's avatar

Because it’s not about the “trannies”, or the illegal immigrant, or a terrorist regime, per se, but their usefulness as vehicles to exert power.

If you take just the last four years as a microcosm, look at how the Dems changed virtually every aspect governing our lives, inside the federal govt., into state govts., into school systems, into business and companies, etc. to force through the insanity of accepting that men can be women, and your life will be hell or at the least cancelled if you don’t get on board.

And many people, too many people, were very much all on board.

Until Trump came in and tore it all to shreds.

But had it not been for him, we’d all be enslaved to such rampant insanity under force of law.

The same with illegal

Immigration: make it a sympathetic, humane policy to welcome them in with open arms, and eventually alter the election outcomes to their benefit for the foreseeable future.

The Democrats entire modus operandi is about power. Damn the consequences.

Shrugged's avatar

In other words, it is an insurrection on behalf of Chyna by destroying everything normal and meaningful in our daily lives - families, schools, church, (Christianity and Judaism especially), sports, the free market.

It is China. Their soldiers are ALL Democrats and many/most of our Republicans in Congress.

All of the 'small' issues (attacks of church, family, sports, trangenderism) are all a means to an end. They don't mean anything by themselves because the root issue is a war with China and their working 24/7 to destroy America. They are weapons of war from China. These social things are just a means to an end. We must eliminate the root cause. We can't even get our Congress to define a woman and end men is women's sports which illustrates just how strong a hold China has over our country.

Suzie's avatar

China most assuredly has its own agenda to destroy us from within - or from without if they thought that possible - so of course it manipulates, encourages and benefits from the insanity our political class engages in, towards its own ends. But it is the willing participation of selfish, greedy politicians, amongst others, who open that door, blinded by their lust for power to the devastating consequences of their actions.

Marlan Hoerer's avatar

I am waiting for PDJT to call for a reckoning and unleash. on theses pissant judges who think they out rank the executive powers granted under the constitution

dancingtime's avatar

I am not much for Bible quoting but it is true that, for the Dems, it's all about power...and far too many of them are simply stupid, which is proven every time that they open their mouths....and their voters who keep returning them to Congress are equally stupid....when the general public knew that the country was going in the wrong direction, why would one vote for the same people?

Marlan Hoerer's avatar

Amassing power via voter apathy.

Douglas Baringer's avatar

Word salads make people think you are smarter than you are. Very useful for people who want attention but do not warrant it.

MissippiPolok's avatar

"If you can't dazzle 'em with brilliance, baffle 'em with bullsht..."

dancingtime's avatar

Au contraire....the word salads coming out of Kamala's mouth reinforced the opinion that she was as dumb as rocks...with apology to rocks...

Douglas Baringer's avatar

I should have said ,,, makes the salad perp think it presuades the public to believe,,,,,

John Wiles's avatar

Okay, a couple of things today. First, Don are you sure we don't have some related family. Except for your being a lot more eloquent than me, we sure do think alike. And, boy, that's scary! Anyway, I am in 100% agreement with your view of 'experts'.

Second, billionaires, in general, are a unique group - DJT being one of them. I worked for one and was in the company of others. I say that to preface that Elon, like some other celebrities, has a platform that allows him to reach thousands or people, and many times billionaires' views of things makes perfect sense in their world, but not in ours.

So far, as you pointed out, the experts who said Trump was going off the deep end, were wrong - Tariffs, Iran, inflation, the border, deportations - you name it. Elon has complete contol of his businesses, but he doesn't have complete, or any, control of Trump. As with you, I am backing Trump's decisions. If the media is against Trump, then he is doing everything right. It is us, the people, who Trump is supporting, and I say, "Go get 'em, Captain."

Jim Murray's avatar

Economists and demographers listen to the same preachers. The preachers use the same bible. According to their bible, their congregations can accurately predict events ten years into the future based on what they observe today. Finding an apostate among them is rare. Such animals don't exist in government. *** A little test. Find me an economist that didn't predict worldwide economic disaster when Trump announced 125% tariffs on Chinese goods. *** Facts that upset their apple carts: Elections have consequences. Government policies can be changed in an hour. People and governments don't always make rational decisions. It is impossible to accurately predict human responses to changes in economic and political circumstances. No matter. Economists and demographers have their audiences. Politicians who use their product as cover. Media types who create sensational tripe.