The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Paul Krugman: Invisible Pimp Hand Strongly Squeezes Gay Buttock Near You

Posted on | May 2, 2011 | 7 Comments

by Smitty (via PuffHo)

Krugman begins his NYT editorial recounting that the whole Wall Street crisis occurred on Bush’s watch. *Yawn*

So what’s the solution? The answer is regulation that limits the frequency and size of financial crises, combined with rules that let the government strike a good deal when bailouts become necessary.

I guess in the twisted mind of Krugman, regulation is like free speech; the answer to bad regulation is. . .yes, more regulation! In my ideal world, Krugman and his ilk would be forced to study control theory, where they may learn that the wages of more regulation is an overdamped system. In an ideal world, it may be OK, because almost nothing happens. In reality, you get the USSR.
Less regulation. Smaller markets, where the risks are more transparent, and the government isn’t finger-faddling everything. Crashes are like winter, a natural part of the system, chum.

To see what’s really going on, follow the money. Wall Street used to favor Democrats, perhaps because financiers tend to be liberal on social issues. But greed trumps gay rights, and financial industry contributions swung sharply toward the Republicans in the 2010 elections. Apparently Wall Street, unlike the voters, had no trouble divining the party’s real intentions.

In my mind, Federalism looks very libertarian. The Federal government shouldn’t be interested in individuals, period. Interest in making a buck is a reasonable corporate goal. Caring about private behavior of people is not. What a decadent conflation you have there, Krugman
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And one more thing: by standing in the way of regulations that would limit future financial crises, Republicans are giving further evidence that they don’t really care about budget deficits.

Krugman, your faith in regulation is truly religious, is it not? What sort of teleological point does regulation offer you, sir? What kind of afterlife does it promise, this regulation which you think can save you?
No, fixing budget deficits is going to be a result of trimming the Federal government back to its Constitutional bounds, twerp. Then an only then can the American people pursue salvation where they find it in an economic context that is as safe as anything born manually, invisible pimp hand or otherwise.

Category: New York Times

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