Monday, March 19, 2012

One liberal article at a time, 03-19-2012

Have you guys heard about Paul Krugman? He is a left-wing "economist, worked as a consultant for Enron, got a Nobel award, and haven't heard about the Law of Supply and Demand. Yap, that Paul Krugman, the most dishonest columnist for the the New York Slimes, and that says a lot about him. The last time I've heard about him, he was into burning the effigies of different political leaders (or hanging them). In short, Paul Krugman is known as a person of moderate honesty and there are internet sites that delight in exposing his lies. He is a small target for Hyphenated-American, but this does not mean I can't have fun at his expense.

A few days ago, Mitt Romney had the audacity to give the following advice to a student about his university education: "Don’t just go to one that has the highest price. Go to one that has a little lower price where you can get a good education. And hopefully you’ll find that. And don’t expect the government to forgive the debt that you take on." Paul Krugman was so outraged by this apparently insensitive remark, that he wrote the whole column wailing and moaning about evil republicans who want to destroy American education.

"Ignorance is strength", Paul Krugman
The above remark by Romney made Krugman quite furious, and this article is his answer, his "J'accuse".
Apparently, Republican advice to a student to choose the college based on its quality and not the price (i.e., instead of choosing the most expensive university, he should choose the one with better education) drove Krugman into paroxysms of fury. Apparently, this is a bad advice - even though it's not apparent how anyone find wrong with it. Who in his mind would object to this?! Of course, a cheaper and better university is preferential to a more expensive and worse one. Here is how Krugman explains his view that more expensive and worse should be preferred (indeed, according to the Enron consultant, it's "callous and destructive" to think otherwise):

"For the past couple of generations, choosing a less expensive school has generally meant going to a public university rather than a private university."

I kid you not - this is the sole reasoning he is giving for calling Romney advice to choose cheaper and better colleges "callous and destructive". Apparently, public universities are getting more expensive (same is the case for private colleges, and government K-12, btw) - so somehow it's "callous and destructive" for people to choose cheaper and better colleges.

To be Continued Tomorrow.


Trestin said...

Paul is a special kind of genius, like all Keynesians (actually neo-Marxists) he fails to grasp the most basic fundamentals of economics and is celebrated for doing so.

Silverfiddle said...

Oh yeah, I've heard of the bearded crapweasel. I skewer him routinely at my blog.

Worse, he's indoctrinating our youth from his Ivy League perch.