Problem With Economists

so krugman at a conference in tel aviv says that inflation isn't a threat and the global economy needs more stimulus according to a bloomberg article. this is at a point when the mountains of sovereign debt is starting to cause a lot of trouble as the debt collapse has already started.

the problem with people on certain payrolls whether they are nobel prize winners or not -other than the obvious bias for favor of their feeders- is that they concentrate on a small portion of the population -the ultrarich that are controlling the majority of assets, especially the stock market- as well as inflation, a meaningless number that is the rate of change. What people need to concentrate on is purchasing power and living standards both of which have been consistently falling with the advent of fiat money. inflation is a meaningless number. Consider a situation where for 5 years prices rise 20% of the initial price, so the total price increase is 100% of the initial year. This is terrible, right? Constant high inflation. Now consider a situation where the first year prices double -an increase of 100%, and for the rest of the 4 years, they are stable. People would think the second scenario is better, whereas in reality you are better of in scenario one if you are part of the majority of the population where you earn wages for your services and do not own that much assets because you can accumulate more assets under scenario one.

An even better scenario is deflation for you where your purchasing power increases. Do not believe the lies that in a deflationary period unemployment rises. Look at history, look at Japan... It is not true. Of course if it is run away deflation and there is too much instability, that is a different thing, but an orderly deflation is welcome for prudent savers as well as the majority of the population earning fixed incomes and are not asset rich. So why are we secretly ruled (think Goldman Sachs aka Government Sachs) by a bunch of rich people that only pursue their own interest and ruining us all. Do these people not realize that by lying about the economy and a lot of other things they are pursuing all of us towards a second global French Revolution????