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Monday, October 12, 2015

Paul Krugman, "The Crazies and the Con Man": Paul Ryan Is a "Con Man"?



In his latest New York Times op-ed entitled "The Crazies and the Con Man," Paul Krugman again takes aim at Paul Ryan, who is being considered as a possible replacement for John Boehner as speaker of the House:

"What makes Mr. Ryan so special? The answer, basically, is that he’s the best con man they’ve got. His success in hoodwinking the news media and self-proclaimed centrists in general is the basis of his stature within his party. Unfortunately, at least from his point of view, it would be hard to sustain the con game from the speaker’s chair.

To understand Mr. Ryan’s role in our political-media ecosystem, you need to know two things. First, the modern Republican Party is a post-policy enterprise, which doesn’t do real solutions to real problems. Second, pundits and the news media really, really don’t want to face up to that awkward reality."

"Real solutions to real problems"? Consider the following suggestion from Krugman in his October 6, 2011 New York Times op-ed entitled "Confronting the Malefactors":

"Occupy Wall Street is starting to look like an important event that might even eventually be seen as a turning point.

. . . .

It’s clear what kinds of things the Occupy Wall Street demonstrators want, and it’s really the job of policy intellectuals and politicians to fill in the details."

And then there was Krugman's 2013 proposal that the federal government should mint a $1 trillion platinum coin to eliminate Republican meddling with Obama's spending spree:

"Here’s how it would work: The Treasury would mint a platinum coin with a face value of $1 trillion (or many coins with smaller values; it doesn’t really matter). This coin would immediately be deposited at the Federal Reserve, which would credit the sum to the government’s account. And the government could then write checks against that account, continuing normal operations without issuing new debt.

. . . .

[I]t’s the president’s duty to do whatever it takes, no matter how offbeat or silly it may sound, to defuse this hostage situation. Mint that coin!"

Krugman, "The Conscience of a Liberal," is calling Ryan a "con man"? Spare me!

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