Will Grigg?s Liberty Minute

April 6, 2012

Outside of an asylum for the clinically deranged, it?s difficult to find anyone as reality-impaired as Paul Krugman, the purported economist who was awarded a Nobel Prize for peddling Keynesian nostrums from his perch on the New York Times editorial page.

In his most recent dispatch, Krugman denounces what he calls ?destructive? criticism of the Federal Reserve, insisting that such impious talk impedes the ability of the Regime?s official counterfeiters to inflate the money supply.

Krugman believes that thrift is sinful and profligacy is virtuous. His formula for recovery is ?Spend now, while the economy remains depressed; save later, once it has recovered.?  Krugman has blamed the ongoing and deepening depression on what he calls a ?savings glut.? The only recorded instance in which he has offered praise for austerity was his approval of the so-called death panel provisions in the Obamacare law, which would ration government-regulated health care . This arrangement would mean that politically unprotected people would die, but it ?would save a lot of money,? Krugman insists.

Krugman is the same nitwit who has suggested that the government stage a phony alien invasion in order to generate support for government spending. Of such stuff are Nobel-winning public intellectuals made.

Let us take back the liberty wherewith Christ has made us free.