Paul Krugman has been sounding more and more like a foul-mouthed, vituperative cheetoh-stained wretch lately:
The WaPo is Very Serious Person central — much more so than the Times — and this article encapsulates the essence of VSP economics, 2011 edition. Policy wisdom, as the WaPo describes it, is entirely dictated by fear of things that aren’t happening: fiscal expansion will invite an attack by the invisible bond vigilantes, if you try monetary expansion the inflation monster hiding under your bed will come out and eat you. The problem we actually have — the problem the Post says we dare not let happen — doesn’t seem to matter at all.
[U]nfortunately, these are the scribblers that shape the views of today’s madmen in authority.
I believe that we are, to no small extent, ruled by ignorant sociopaths who care far more about impressing each other with their faux seriousness than about whether middle-class Americans live or die. Whether or not this is true (though I do think it is true), it’s a seductive meme that could catch on, not just among fiat-Amero-spending moochers like you and me, but among a larger population. Maybe Real Americans are too busy going to mega-churches and ordering their cheesesteaks with cheeze wiz to get this message, but I think maybe it can at least sink with totebaggers. Baby steps.
Is there any chance some of the other Times columnists could get on board with this critique? Not Bobo or Chunky Bobo, but come on, Nick Kristoff could take a break from freeing sex workers and get with the anti-VSP program, couldn’t he? I know MoDo’s got it in her, nuts as she is. Charles Blow will get sick of making those pie graphs eventually, right?
As I said, baby steps. One day I hope to be able to walk into the faculty lounge and hear people worrying more about the unemployed than about whatever idiocy they heard about the deficit on Charlie Rose last night. I’d like it if our liberal elites could at least be liberal.