That's how I feel when you attack me, like I'm walkin' on air.

Keep it up, and I'll be Moonwalkin' with Michael.

Personally, I'm looking for Arnold to walk on the water in the near future.

:>)

I wouldn't agree with him anyway, but in this case it is particularly horrible, because it totally ignores that there was a tremendous pool of idle, trained people to draw into an activity very similar to their previous employment.

OK, I was being generous, you can read “authoritarian” as “fascistic”. Given that, I wouldn't claim he has much of a conscience. There are all kinds of sociopaths.

If China supplies the loan money for materials and Mexico etc. supplies the building workers then both industries can expand at once. However, the Austrian cycle theory implies that when nearer to natural interest rates, that is, higher ones, arrive as arrive they must and combine with the inflationary effect of the credit expansion required to keep rates down in the first place then much investment will be revealed as malinvestment. The cost of inputs now outweigh the likely selling prices of many capital ventures and these are not worth bringing to market save to cut losses.

To ask why there's not unemployment during a time when new jobs are created is an idiotic question, not even worthy of an Economics 101 freshman. Really, Krugman should be ashamed to have even thought it.

As for your entire comment, there is an all day conversation wrapped up in that brief comment, I understand exactly what you're saying, so my short version will be that yes running a large fleet of limos as an independent business owner can be as demanding as being a construction supervisor for a large successful builder.

But, what I missed as a kid in central Texas growing up and looking at all those “old” ranchers of 40 years of age, was yes they worked hard, yes they were 40 and just really starting to see the results of their labors pay off, but they all were doing what they “wanted” to do, what they dreamed of, and the restrictions demanded by their life style were of personal choice. That is the kind of situation that can get you out of bed each morning ready to go at it one more day, and another day, etc. because it is yours. That is freedom in my book.

That is so unnecessary. I don't know why anyone has to do that.

I don't know if he's dumb. I think it is entirely possible that he just doesn't care about what is true. He didn't develop the “conscience of a liberal” from his economic understanding. He pursued economics to further the goals of his liberal conscience.