Tuesday, January 5, 2016

A Paul Krugman pun so bad even he apologizes

And you thought Asterisks: The Gall was bad.

From Doubling Down on W [emphasis added]:

The only real move away from W-era economic ideology has been on monetary policy, and it has been a move toward right-wing fantasyland. True, Ted Cruz is alone among the top contenders in calling explicitly for a return to the gold standard — you could say that he wants to Cruzify mankind upon a cross of gold. (Sorry.) But where the Bush administration once endorsed “aggressive monetary policy” to fight recessions, these days hostility toward the Fed’s efforts to help the economy is G.O.P. orthodoxy, even though the right’s warnings about imminent inflation have been wrong again and again.

One interesting historical note: back in the day, the leading evangelical candidate was violently opposed to the gold standard.

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