Censored by Huffington Post - Paul Krugman is an idiot

Priceless.

Any idiot could see that the internet was going to be a global communications revolution.

Similar in magnitude to radio in the 1920's or railways in the 1850's.

In response to :-

“The best Krugman quote of all time:

By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's.

- June 1998 

Addendum

Other examples of Paul Krugman's idiocy. 

Paul Krugman in 2003 

"The crisis won't come immediately. For a few years, America will still be able to borrow freely, simply because lenders assume that things will somehow work out.

But at a certain point we'll have a Wile E. Coyote moment. For those not familiar with the Road Runner cartoons, Mr. Coyote had a habit of running off cliffs and taking several steps on thin air before noticing that there was nothing underneath his feet. Only then would he plunge.

What will that plunge look like? It will certainly involve a sharp fall in the dollar and a sharp rise in interest rates. In the worst-case scenario, the government's access to borrowing will be cut off, creating a cash crisis that throws the nation into chaos.

I know: it all sounds unbelievable. But would you have believed, three years ago, that the U.S. budget would plunge so quickly from a record surplus to a record deficit? And would you have believed that, confronted with that plunge, our leaders would offer excuses rather than solutions?" 

from :- 

"Don't Look Down" NY Times 2003. 
http://www.nytimes.com/2003/10/14/opinion/don-t-look-down.html

Krugman now. Spend, spend, spend - don't worry about the deficit.
http://www.zerohedge.com/news/2013-02-09/paul-krugman-we-should-kick-can-down-road-it%E2%80%99s-responsible-thing-do#comment-3228905

Krugman 2003 debating Krugman 2013 sounds like Romney 2002 debating Romney 2012. 

Or Dick Cheney in the early 2000's "deficits don't matter". They Will 


Why Paul Krugman is 100% wrong 

http://ian56.blogspot.co.uk/2013/01/a-global-economic-summary-why-paul.html

And the ultimate result if Paul Krugman's advice is followed. 
http://ian56.blogspot.co.uk/2012/02/greek-scenario-and-us.html

Venezuela and Argentina have just demonstrated it. 
http://confoundedinterest.wordpress.com/2013/02/09/devaluation-nations-argentina-and-venezuela-suffer-ravages-of-inflation/