Krugman: um keynesiano insolvente, 2 - onde a porca torce o rabo...

...e onde todas as fraudes se revelam.
O keynesianismo, realmente, é uma fraude, e encontra-se insolvente intelectualmente, mas ainda tem muitos adeptos de par le monde, sobretudo no Brasil, onde existem keynesianos até em botequins, ou sobretudo de botequim, onde eles bebem para esquecer que a teoria, na prática, é outra, e onde uma Associação Keynesiana tem menos de dez anos de criação.
O que não deixa de representar uma nova confirmação da teorida de Millor Fernandes que dizia que quando as ideias ficam bem velhinhas elas se mudam para o Brasi...
Gostaram?
Mas essa história da falência do Krugman é muito melhor.
Os austríacos devem estar rolando de rir, o pessoal de Chicago, então, deve estar dizendo:
"Bem feito, bem feito! Que mandou acreditar nas baboseiras do feiticeiro de Cambridge?"
Também acho: Keynes, desde os anos 1920, percebeu que a sua velha Inglaterra estava falida, e começou a conceber -- conspirar seria um verbo mais exato -- uma teoria para que seu país não fosse completamente à falência e tivesse de passar a viver de caridade pública, ou seja, da ajuda dos americanos.
Em Bretton Woods, por exemplo, ele estava desesperado atrás de uma tia rica, que pagasse o cartão de crédito da Inglaterra, e achava ter encontrado nos EUA. Mas, essa tia rica simplesmente cortou o cartão de crédito do sobrinho falimentar, e obrigou-o a passar a pão e água (e limitado unicamente a comida inglesa, argh!). Foi assim que a Inglaterra, desafiando o próprio FMI, desvalorizou a libra ilegalmente, em mais de 25% logo depois.
Pois o Paul Krugman está desesperado atrás de uma tia rica.
Quem será que vai vir em seu soccorro? Não será o Chapolim, com certeza.
Tem de ser alguém capaz de movimentar a máquina de dinheiro, como o Ben Bernanke, os cheiques do petróleo, algum cartel da cocaína...
Enfim, alguma solução tem de ser encontrada.
Vamos ver o que dizem da matéria do Daily Currant.
Paulo Roberto de Almeida 

Paul Krugman’s phony bankruptcy: a history

Posted by Erik Wemple on Washington Post Blogs, March 11, 2013 at 4:55 pm

Economist and New York Times columnist Paul Krugman. (Scott Eells/Bloomberg)

Toni Straka lives in Vienna, Austria. He’s the 48-year-old founder and publisher of the Prudent Investor blog, the subtitle of which reads, “CHRONICLING THE GLOBAL DEBT EXCESS SINCE 2005.” A recent piece from the Austrian magazine Format caught Straka’s attention — it spoke of New York Times columnist Paul Krugman’s filing for Chapter 13 bankruptcy.
That’s a slam-dunk post for Straka. “This is the birthplace of Austrian economics,” says Straka. “It was just too good of a story that the prototypical Keynesian follower, Krugman, had declared bankruptcy. That was just too saucy a story for us.”
That’s not to say Straka didn’t check Google. He did, and found not a lot of hits for the story. “They have a scoop,” he concluded, before putting the story on Prudent Investor.
Prudent Investor — “one of the early and few warners about the U.S. housing bubble,” Straka says — has some reach. “I’m being syndicated and aggregated in more feeds than I could remember,” Straka says. One of the feeds that pulls in the Prudent Investor is knit together by a California company named Financial Content, which delivers stock quotes and financial information and news to its clients’ websites. And one of those clients is Boston.com, a portal that presents content from the Boston Globe.
Wing Yu, the CEO of Financial Content, says that his people generate absolutely no news, no content. They merely grab it, wrangle it and push it onto websites. “We’re strictly a tech company,” Yu says. “We don’t have any editorial oversight.”
No editorial oversight, sure. Editorial impact? Absolutely: The Prudent Investor posting on Krugman made its way through the Financial Content feed and onto Boston.com. Once there, it sucked in all the juices of integrity and credibility stored up over the decades by the Boston Globe. So people believed the posting that indicated Krugman had gone bankrupt.
Or, at the very least, Breitbart.com believed the posting that Krugman had gone bankrupt. It swallowed the story and republished it, laughing the whole way. “Apparently this Keynesian thing doesn’t really work on the micro level.” This, from the duped Breitbart.com writer:

Larry O'Connor @LarryOConnor

I trusted http://Boston.com  as the source for that Krugman piece, but they were duped by Daily Currant, therefore, so was I!

12:30 PM - 11 Mar 13

The notion that some automated news feed, unregulated by local editorial brains, would just filter onto Boston.com appeared to offend Boston Globe Editor Brian McGrory, who earlier today told the Erik Wemple Blog: “The idea that we’d have a partner on our site is actually news to me,” referring to Financial Content. He pledged to “address our relationship with that vendor.”

The Krugman-bankrupt thing, of course, is a joke that comes courtesy of the Daily Currant, a satire site. Not long ago, the Daily Currant made headlines for similar reasons with a different story, as the Washington Post passed along a satirical post that Sarah Palin had signed on as a commentator with Al Jazeera.
Is hoodwinking some sap at a media organization the reigning objective at Daily Currant? Nah, says founder Daniel Barkeley. “The goal is to write satire that’s close to the truth,” says Barkeley, noting that he models his stuff after mockumentaries such as “The Office.” “They hew very close to reality yet they’re supposed to be funny.”
Barkeley, 28, produces the Daily Currant with the help of just a single freelancer. Material for his riffs, he says, comes from his reading diet, which consists of the New York Times, The Washington Post, the Financial Times, the Economist and the like. “I just try to satirize the things that I read,” says Barkeley, which results in joke-posts that are a bit higher brow than the offerings from The Onion, he says.
The elevated-brow content in the Krugman piece comes right here:

The filing says that Krugman got into credit card trouble in 2004 after racking up $84,000 in a single month on his American Express black card in pursuit of rare Portuguese wines and 19th century English cloth.

References to Portuguese wine and English cloth weren’t plucked from a comedic riff. David Ricardo, the great English political economist, cited those two products in laying out the theory of comparative advantage, which would become a philosophical pillar of free trade. Krugman’s bio is thick on the economics of international trade.
“The idea that he would rack up a bill on Portuguese wine and English cloth is the giveaway,” says Barkeley. A giveaway that the folks at Breitbart.com and Prudent Investor somehow failed to spot, to the eternal embarrassment of their university economics professors.
Journos’ failure to pick up on a nicely threaded comparative-advantage joke resulted in all kinds of Internet violence: Straka reports having pulled his piece within an hour of its posting; Boston.com went nuts trying to track down people who could actually take the Krugman thing off of its site; and Breitbart.com took down its piece. And! Format magazine published this stunning notice in red ink at the top of its aggregated story:

Österreich steht noch, den Euro gibt’s auch noch – doch der Ökonom und Euro-Schwarzmaler Paul Krugman schlittert in den Privatkonkurs, nachdem der Versuch, einen Ausweg aus den Schulden zu finden, gescheitert ist, berichtet “The Daily Currant”.

UPDATE: It’s the footer of the Format story that actually attempts to correct things. It reads:
Die Quelle dieser “Nachricht” ist das Satire-Magazin “The Daily Currant”, der Wahrheitsgehalt der Meldung entsprechend gering.

Krugman: um keynesiano insolvente, 1 (mas isso parece redundancia...)

Pois não é que aconteceu?!
O homem ganhou UM MILHÃO DE DÓLARES de Prêmio Nobel, dos suecos, e em lugar de fazer um investimento sólido, com algum austríaco, foi logo comprar um apartamento de luxo em Manhattan! Onde já se viu, para um acadêmico que atacava os ricos e os famosos?
Será por isso que ele passava todo o seu tempo, no New York Times, reclamando dos republicanos, e pedindo para o Ben Bernanke soltar mais dinheiro para ajudar na recuperação da economia, será que era tudo motivado por sua catastrófica situação pessoal?
Pode ser. Em todo caso, declarando falência, ele vai ter de passar todas as suas contas, inclusive de cartão de crédito, sob supervisão de algum economista republicano, que raiva hem?!
Dá para acreditar que ele foi tão néscio assim?
Precisamos seguir  essa história...
Paulo Roberto de Almeida

Paul Krugman Declares Personal Bankruptcy
The Daily Currant, March 06, 2013

Economist and columnist Paul Krugman declared personal bankruptcy, following a failed attempt to spend his way out of debt.

In a Chapter 13 filing to the United States Bankruptcy Court in the Southern District of New York, lawyers for Krugman listed $7,346,000 in debts versus $33,000 in assets.

The majority of his debts are related to mortgage financing on a $8.7 million apartment in lower Manhattan, but the list also includes $621,537 in credit card debt and $33,642 in store financing at famed jeweler Tiffanys and Co.

The filing says that Krugman got into credit card trouble in 2004 after racking up $84,000 in a single month on his American Express black card in pursuit of rare Portuguese wines and 19th century English cloth

Rather than tighten his belt and pay the sums back, the pseudo-Keynesian economist decided to "stimulate" his way to a personal recovery by investing in expenses he hoped would one day boost his income.

Cockroaches and Creditors
Between 2004 and 2007 Krugman splurged on expensive cars, clothes, and travel in hopes that the new lifestyle would convince his bosses at the New York Times to give him a giant raise.

"They say always dress for the job you want," Krugman explains. "So I thought maybe if I showed up in $70,000 Alexander Amosu suits they would give me ownership of part of the company. If I had only been granted a sliver of the New York Times Co., I could have paid everything back."

Even after he realized an equity stake was not going to happen, Krugman continued to spend wildly hoping his bling and media appearances would increase demand for his personal brand and lift his book sales.

His biggest mistake came in 2007, when at the height of the financial bubble he decided to invest in high-end real estate in New York City. His multi-million dollar apartment lost 40 percent of its value just months after its purchase, and has been underwater ever since.

"You'd think a Nobel Prize winning economist could recognize a housing bubble," says Herman Minsky, a retired television executive who purchased Krugman's home at a huge discount. "But hey, I'm not complaining."

Conscience of a Fraud
Krugman, a renowned trade economist, joined the New York Times as a columnist in 2000. Since the start of the financial crisis he as used the platform to argue vociferously for what he terms Keynesian deficit spending.

However, Keynes did not advocate using debt financing to stimulate the economy. Rather, he argued that government should save in the good times and spend in the bad.

Through his lawyer, Bertil Ohlin, Krugman explains that despite his travails with spending and debt in his personal finances, he stands by his pseudo-Keynesian policies.

"I still defend my analysis that on the macroeconomic level sovereign debt crises can be fixed by increasing government borrowing to lift aggregate demand. I admit, however, that on the microeconomic level this strategy has failed spectacularly."