Posted on 04/25/2015 10:24:41 PM PDT by nickcarraway
Ah: I see that there was a Twitter exchange among Brad DeLong, James Pethokoukis, and others over why Republicans don’t acknowledge that Ben Bernanke helped the economy, and claim credit. Pethokoukis — who presumably gets to talk to quite a few Republicans from his perch at AEI — offers a fairly amazing explanation:
B/c many view BB as enabling Obama’s spending and artificially propping up debt-heavy economy in need of Mellon-esque liquidation
Yep: that dastardly Bernanke was preventing us from having a financial crisis, curse him.
Actually, there’s a lot of evidence that this was an important part of the story. As I pointed out a couple of months ago, Paul Ryan and John Taylor went all-out conspiracy theory on the Bernanke Fed, claiming that its efforts were not about trying to fulfill its mandate, but rather that
(Excerpt) Read more at krugman.blogs.nytimes.com ...
What an author...no thanks. The man is insane.
Yup, NYT, the economy has been saved and there’s massive global warming too.
Never have journalism majors sunk so low.
But then again that’s why we STEM types call our flunkouts future newspaper employees. (Not calling them reporters any more.)
The establishment’s favorite kneepad economist opines.
No thanks.
Those who can, do.
Those who can’t become teachers, journolistas or bureaucrats.
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