bobbyw24
02-24-2011, 06:03 AM
By John Tamny
For those who follow economic commentary, New York Times columnist Paul Krugman is known as the most prominent advocate of big government solutions to almost any economic malady, real or perceived. Whatever bad, historically discredited economic concept exists, from "stimulus" spending to currency devaluation to tax rate increases to reduce the deficits caused by all the government spending he supports, Krugman is always there to defend each as public intellectualism's walking, talking embodiment of that which won't, and hasn't worked.
The conspiratorially minded among us might say that Krugman is a Republican mole, placed inside the upper reaches of American liberalism's foremost cathedral to destroy the movement from within, but if true, Republicans themselves wouldn't so frequently pursue Krugman-lite policies (the George W. Bush years, most notably) on the way to economic hardship. Instead, it should be said that Krugman is a thoroughgoing statist, one who actually believes all that he does with great conviction despite an historical record that would logically give any rational human being pause.
But last week it's fair to say that Krugman truly stepped over the line. While his droolings are always worth an uneasy laugh combined with horror that some actually take him seriously, his assertion that there's a racial element behind the drive to achieve a strong, stable dollar was just too much. Krugman should be ashamed, though that ascribes to him a level of self-awareness that he apparently doesn't possess.
http://www.realclearmarkets.com/articles/2011/02/15/paul_krugman_pulls_the_race_card_from_the_decks_bo ttom_98871.html
For those who follow economic commentary, New York Times columnist Paul Krugman is known as the most prominent advocate of big government solutions to almost any economic malady, real or perceived. Whatever bad, historically discredited economic concept exists, from "stimulus" spending to currency devaluation to tax rate increases to reduce the deficits caused by all the government spending he supports, Krugman is always there to defend each as public intellectualism's walking, talking embodiment of that which won't, and hasn't worked.
The conspiratorially minded among us might say that Krugman is a Republican mole, placed inside the upper reaches of American liberalism's foremost cathedral to destroy the movement from within, but if true, Republicans themselves wouldn't so frequently pursue Krugman-lite policies (the George W. Bush years, most notably) on the way to economic hardship. Instead, it should be said that Krugman is a thoroughgoing statist, one who actually believes all that he does with great conviction despite an historical record that would logically give any rational human being pause.
But last week it's fair to say that Krugman truly stepped over the line. While his droolings are always worth an uneasy laugh combined with horror that some actually take him seriously, his assertion that there's a racial element behind the drive to achieve a strong, stable dollar was just too much. Krugman should be ashamed, though that ascribes to him a level of self-awareness that he apparently doesn't possess.
http://www.realclearmarkets.com/articles/2011/02/15/paul_krugman_pulls_the_race_card_from_the_decks_bo ttom_98871.html