I really enjoyed watching Paul Krugman on Morning Joe today, responding to the paid deficit hawkery of Very Serious People Ed Rendell and Richard Haas. (Watch for the return of the invisible bond market vigilantes!) He talked about why there's
January 28, 2013

I really enjoyed watching Paul Krugman on Morning Joe today, responding to the paid deficit hawkery of Very Serious People Ed Rendell and Richard Haas. (Watch for the return of the invisible bond market vigilantes!) He talked about why there's no good reason to cut spending during a depression, and explained in detail why the deficit isn't an urgent problem.

Ed "Fix The Debt" Rendell said the best way to stimulate the economy was to get the debt under control.

"Have you been living in the same country I'm in these past five years?" Krugman retorted, saying the deficit is far down on his list of things to worry about.

In response, Mika gasped and said, "I feel like we're talking about climate change! My God!" (What a dope.) Krugman said that was a destructive comparison, and explained why. But I doubt she listened.*

I especially liked it when he responded to Joe Scarborough: "How many times do people like these have to be wrong and people like me have to be right?"

Remember, Paul: Ignorance can be fixed. Stupidity is forever. And speaking of, the guest following you was... Marsha Blackburn, the Republican mall publicist from Tennesse. Because in the corporate media, knowledge followed by insanity is ... "balance"!

*It is difficult to get a man to understand something, when his salary depends upon his not understanding it. - Upton Sinclair.

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