Episode Transcript
The Watchdog on Wall Street podcast, explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Paul Krugman retires. Yes, favorite target of mine now for
a couple decades plus, about twenty five years. Actually, I've
been going after this guy on the radio show and
now the podcast. It was funny. I watched The New
(00:38):
York Times write this piece and you don't remind me
of It reminded me of when a young kid is
playing a sport and has a really really bad day
and it's not very good at what they do. But
you tried really hard, and we really enjoyed watching you
do it. It was just pathetic. He is a hard
(01:03):
left economis. I don't know if he's still working at Princeton.
But again wrong, over and over again. One of the
more recent ones I remember talking about here on the
program where he was talking all inflation's not so bad.
Oh yeah, I went to the grocery store here in
(01:25):
New York and it really isn't that bad. I realized
my bill was more expensive because I had a bottle
of Scotch that I bought. Really, I was thinking about it.
I was thinking about these economists that write for these newspapers.
He's left winged the economists. I think what they need
to do. I think it would be great is rather
(01:48):
than live in New York City, you want to write,
you want to write for a newspaper, You want to
be like the economic writer for a newspaper. They should
force these economic writers live in an RV and they
should be forced to travel around the country to actually
(02:09):
see how the world works, how the world works, what's
really happening on the ground. Because Paul Krugman knows what's happening,
and all these corners of the country, these people they know,
they only know a certain type of person. They all
know the same people, they go to the same cocktail
(02:29):
parties that they all think the exact same things. One
of Paul Krugman's famous calls, famous calls was he predicted
that the Internet wasn't going to be a very big deal.
It was going to go the way of the fax machine. Again,
(02:55):
I guess I'm gonna kind of miss making fun of
him here on the program, but hey, again, you know,
what doesn't. They're going to replace him with another far
left wing economists that think that they can master they
because they're so smart and they've gone to the right
Ivy League universities, they can run the country out of Washington,
(03:16):
d C. Right sure, watch dog on Wall street dot
com
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