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		<title>Paul Krugman | The iPhone Stimulus</title>
		<description>Discuss Paul Krugman | The iPhone Stimulus</description>
		<link>http://readersupportednews.org/off-site-opinion-section/83-83/13477-paul-krugman-the-iphone-stimulus</link>
		<lastBuildDate>Tue, 18 Jun 2013 19:13:25 -0800</lastBuildDate>
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			<title>Activista says:</title>
			<link>http://readersupportednews.org/off-site-opinion-section/83-83/13477-paul-krugman-the-iphone-stimulus#comment-222072</link>
			<description><![CDATA[" It's Econ 101" Maximizing SHORT TERM PROFIT (through militarism and gizmos) with consumer/money society made US bankrupt (and 1% VERY RICH). Read Limits to Growth, Read Silent Spring - Krugman is recycling old cliches/status quo.]]></description>
			<dc:creator>Activista</dc:creator>
			<pubDate>Sat, 15 Sep 2012 09:32:05 -0800</pubDate>
			<guid>http://readersupportednews.org/off-site-opinion-section/83-83/13477-paul-krugman-the-iphone-stimulus#comment-222072</guid>
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			<title>fernster says:</title>
			<link>http://readersupportednews.org/off-site-opinion-section/83-83/13477-paul-krugman-the-iphone-stimulus#comment-221958</link>
			<description><![CDATA[The argument of Dbriz falls apart because he starts with false assumptions. Just as corporations are sitting on a lot of cash, there are many Americans, particularly those relatively well off, who have cash to spend, and can afford to pay $200 for a new phone. So if people go out to buy the new iPhone, much of that WILL be new spending, and therefore stimulus to the economy. It's Econ 101.]]></description>
			<dc:creator>fernster</dc:creator>
			<pubDate>Sat, 15 Sep 2012 03:45:17 -0800</pubDate>
			<guid>http://readersupportednews.org/off-site-opinion-section/83-83/13477-paul-krugman-the-iphone-stimulus#comment-221958</guid>
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			<title>Ralph Averill says:</title>
			<link>http://readersupportednews.org/off-site-opinion-section/83-83/13477-paul-krugman-the-iphone-stimulus#comment-221956</link>
			<description><![CDATA[I think you need to re-read the article. You're argument is with JP Morgan, not the "professor." Krugman has argued all along that it is a lack of demand, money in people's pockets, that is holding back the economy. He makes the same argument in the above essay. Government should be putting money in people's pockets through spending on infrastructure and education, which is really not spending but investing, because it will not only inject money in the economy now, it will pay dividends into the future. (The dams built in the 1930's put money in many people's pockets back then, and are paying dividends to this day. Every dime invested in the GI Bill paid back thousands of dollars through the increased productivity/sa laries of the thousands and thousands of vets who took advantage of it.) Krugman is not a shill for Wall St; he's been a critic of the cozy relationship of the banks with government since the beginning of the Bush administration. I cite as proof the fact that he has never been asked to be a White House adviser or cabinet member.]]></description>
			<dc:creator>Ralph Averill</dc:creator>
			<pubDate>Sat, 15 Sep 2012 03:18:49 -0800</pubDate>
			<guid>http://readersupportednews.org/off-site-opinion-section/83-83/13477-paul-krugman-the-iphone-stimulus#comment-221956</guid>
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			<title>btbees says:</title>
			<link>http://readersupportednews.org/off-site-opinion-section/83-83/13477-paul-krugman-the-iphone-stimulus#comment-221943</link>
			<description><![CDATA[The Apple iPhone 5 is made in China.]]></description>
			<dc:creator>btbees</dc:creator>
			<pubDate>Fri, 14 Sep 2012 21:35:42 -0800</pubDate>
			<guid>http://readersupportednews.org/off-site-opinion-section/83-83/13477-paul-krugman-the-iphone-stimulus#comment-221943</guid>
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			<title>dbriz says:</title>
			<link>http://readersupportednews.org/off-site-opinion-section/83-83/13477-paul-krugman-the-iphone-stimulus#comment-221909</link>
			<description><![CDATA[Professor Krugman is incorrigible. As is JPMorgan. The acolytes will no doubt provide the requisite automatic hosanna's for his latest silliness. Firstly, the good professor errs in thinking that the spending on iphone 5's represents new spending. It doesn't. It represents opportunity cost. The money spent on iphones will simply be money not spent on something else. It is not new money or new spending. As well, he harbors the notion that JQPublic is sitting on loads of available cash and equivalents, just hot to find "new" products to buy, instead of up to their eyeballs in unemployment statistics, mortgage payments, maxed out credit cards and low paying jobs. Add to that millions of senior citizens who can't earn a decent return on their CD's or savings due to artificially low interest rates and well, you get the picture. These folks are being forced into riskier investments (found on Wall Street, heh, heh) simply to try to get the 3 or 4% returns they need to survive. Lest we kid ourselves, it's still all about saving the bankers and Wall Street. If only the people were as stupid as the government. What's another trillion or so of debt anyway...we owe it to ourselves right?]]></description>
			<dc:creator>dbriz</dc:creator>
			<pubDate>Fri, 14 Sep 2012 17:14:38 -0800</pubDate>
			<guid>http://readersupportednews.org/off-site-opinion-section/83-83/13477-paul-krugman-the-iphone-stimulus#comment-221909</guid>
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			<title>Activista says:</title>
			<link>http://readersupportednews.org/off-site-opinion-section/83-83/13477-paul-krugman-the-iphone-stimulus#comment-221825</link>
			<description><![CDATA[iPhone 5 might provide a significant boost to the U.S. economy? Blocking competition by patent lawsuits/monopo lizing? Common Paul, people are hungry, let them eat iPhones?]]></description>
			<dc:creator>Activista</dc:creator>
			<pubDate>Fri, 14 Sep 2012 12:27:38 -0800</pubDate>
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