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Why we all despise Paul Krugman

All Libertarians despise Paul Krugman.  Gonzalo Lira explains why:

Now that Larry Summers is on the way out, and Tiny Timmy Geithner has been handed his hat, Paul Krugman is clearly positioning himself for a role in the Obama administration – which is fine: Everyone has a right to advance their career. On paper, Krugman would seem like an ideal candidate, for some policy position – right?

Wrong.

Krugman has the résumé for any of the top policy jobs in the administration – but he lacks a moral center of gravity.

It’s not the differences in policy prescriptions that I object to: It’s Krugman’s cavalier belief that a war – a total, full-on war, with all its attendant fiscal spending – is what saved the American economy from the Great Depression.

It’s Krugman’s disturbing, nihilist inference, which he makes over and over, tucked away in his articles, but always there, like a nasty aftertaste of a drink laced with a roofie: So maybe another total war might not be such a bad idea now, so as to get us out of this new Global Depression.

That is what I object to in Paul Krugman: He seems to be offering up another war as the only way to fix the economy.

But World War II was not fought for economic gain – on the contrary: The war was fought at tremendous cost, with tremendous sacrifice by everyone in the population, without any sort of certainty that the end of it would be remotely good.

No one fought the War thinking, “When this is over, we’re gonna make so much money!” The War was fought to defend civilization – and a lot of sober, sane people thought that the Nazis and the Imperial Japanese would likely win: Yet they fought anyway. They fought not because they thought they’d “improve the U.S. economy” – they fought because it was the right and decent thing to do, even if it might be a losing cause.

Krugman doesn’t see this at all. Instead, with perverse rigor, Krugman – implicitly, relentlessly – implies that the War was really just a great way to stimulate the U.S. economy . . . so maybe . . . it might not be a bad idea to, y’know . . . wouldn’t it be great to have a big huge round of fiscal stimulus – just like World War II?

This is what Paul Krugman is saying. And he is saying it over and over and over again – so it’s not some miswritten phrase, or ambiguous sentence: It’s what he believes. It’s what he stands for:

Krugman believes in war, as a means to fix the American economy.

I think having someone in an important policy position in the U.S. Federal government whose moral attitude is so out of kilter is just another nail in the coffin of the American Republic. I think appointing someone who so cavalierly thinks war is an excuse to stimulate the economy is sick.

I contrast Krugman with Robert Reich – a man whom I think is even more wrong about his policy prescriptions.

Yet Reich is someone whom I respect completely. I have no doubts whatsoever as to the moral clarity of his vision. I have no doubts as to his decency. As to practical policy initiatives, I’m on the opposite end of the table from Reich – but as a man, and as a human being, I have no doubts about him, and complete respect for him.

But Krugman? I have no doubts about him either – Krugman is despicable. And he should not be allowed a seat at the table of policy discussions, no matter what.

Someone has to say something: That’s why I’m writing this piece – Paul Krugman is the last person the American Republic needs to help fix the current economic situation. Better a decent man who is completely wrong, than a nihilistic liar like Paul Krugman.

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Categories: Miscellaneous Musings
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