From the mouths of Babies (intellectually that is)

From the mouths of Babies (intellectually that is)
http://www.nytimes.com/2013/09/09/opinion/krugman-the-wonk-gap.html?_r=0
Even a stopped clock is right once in a while: Paul Krugman says:

"It's all kind of funny, in a way. Unfortunately, however, this runaway cult controls the House, which gives it immense destructive power — the power, for example, to wreak havoc on the economy by refusing to raise the debt ceiling. And it's disturbing to realize that this power rests in the hands of men who, thanks to the wonk gap, quite literally have no idea what they're doing."

The progressive ruling class can be nullified by removing the inflow of money (and/or credit). That may be a short term loss to the economy, but a longer term gain. In the concept of creative destruction, bad economic structures are destroyed making room for more beneficial ones.

Evidently the conservatives don't have any thinkers equivalent to Krugman. Thank goodness.


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