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Morning Must-Read: Paul Krugman: The Regrettable Man - Washington Center for Equitable Growth
The continued willingness of right-wing economists to declare their allegiance to the inflation cult continues to amaze:
Paul Krugman: The Regrettable Man: “CNN: ‘Lonegan also said Friday…
…that in conjunction with the Fed’s annual Jackson Hole symposium in Wyoming this year, a group of conservative economists are planning to hold a meeting of their own ‘directly across the street’ featuring former Federal Reserve Chair Alan Greenspan as the keynote speaker.
Morning Must-Read: Paul Krugman: The Closed-Minds Problem - Washington Center for Equitable Growth
the point is not to convince Rick Santelli or Allan Meltzer that they are wrong…. It is, instead, to deter other parties from false equivalence. Inflation cultists can’t be moved; but reporters and editors who tend to put out views-differ-on-shape-of-planet stories because they think it’s safe can be, sometimes, deterred if you show that they are lending credence to charlatans…. The inflation-cult story is, I think, a prime example…. It really would be nice not having to do things this way. But that’s the world we live in…