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Published On: Mon, Apr 15th, 2013

Paul Krugman’s lust for lying, the desire to buy gold must be racism driven

As I have written many times before, Paul Krugman no longer is an economist, if he ever was one. Instead, he is a political operative, someone who gives partisan political rants and pawns it off as Deep Economic Thinking.

His recent column on gold and people who favor it is more of the same, and he once again impugns the character of anyone who might disagree with him on the subject. It is not enough for Krugman to have an intellectual disagreement; no, to disagree with him is to be evil:

Conservative-minded people tend to support a gold standard — and to buy gold — because they’re very easily persuaded that “fiat money,” money created on a discretionary basis in an attempt to stabilize the economy, is really just part of the larger plot to take away their hard-earned wealth and give it to you-know-who.

President Obama reflects during an economic meeting with advisors in the Roosevelt Room. He is seated between Senior Advisor David Axelrod and Chief of Staff Rahm Emanuel , right. 3/15/09. Official White House Photo by Pete Souza

President Obama reflects during an economic meeting with advisors in the Roosevelt Room. He is seated between Senior Advisor David Axelrod and Chief of Staff Rahm Emanuel , right. 3/15/09. Official White House Photo by Pete Souza

No doubt, the “you-know-who” would be African-Americans or some other minority.

You see, according to Krugman, to favor gold as money is to be a racist, someone who hates others. (Krugman is permitted to hate and spew out hatred because he is part of the Favored Political Classes that have the NYT stamp of approval.)

Also, anyone who does not believe in Krugman’s Inflation Fairy does so out of hatred, prejudice, and evil.

Furthermore, to oppose Federal Reserve money printing and its QE Forever programs is also to be racist and diabolical.

Why?

Because Krugman says so.

Krugman in Wonderland 624


William L. Anderson is an author and an associate professor of economics at Frostburg State University in Maryland. He is also an adjunct scholar with the Mackinac Center for Public Policy as well as for the Ludwig von Mises Institute in Alabama.

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About the Author

- William L. Anderson is an author and an associate professor of economics at Frostburg State University in Maryland. He is also an adjunct scholar with the Mackinac Center for Public Policy as well as for the Ludwig von Mises Institute in Alabama.

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