Note: I drafted these remarks in February 2014. I never got around to posting them.
Paul Krugman, from this morning’s column:
But evidence has a well-known liberal bias. The more their economic doctrine fails — remember how the Fed’s actions were supposed to produce runaway inflation? — the more fiercely conservatives cling to that doctrine. More than five years after a financial crisis plunged the Western world into what looks increasingly like a quasi-permanent slump, making nonsense of free-market orthodoxy, it’s hard to find a leading Republican who has changed his or her mind on, well, anything.
And this imperviousness to evidence goes along with a stunning lack of compassion.
The conservatives insist on curbing the federal deficit, which is one announced reason they oppose extending benefits to the long-term unemployed, who comprise about 35 percent of those out of work. But here’s a look at the change in the debt-to-GDP ratio from 2007:
Keep in mind that Republicans demand fiscal balance at any cost. And the cost should be borne most of all by the Rest of Us.
Hard head, hard heart.