The Other McCain

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

NYT Has Bum Strapped To Column, Plus, Introducing: ‘The Krugmanerrand’

Posted on | January 11, 2013 | 16 Comments

by Smitty

Emphasis mine:

Finally, just consider the vileness of that G.O.P. threat. If we were to hit the debt ceiling, the U.S. government would end up defaulting on many of its obligations. This would have disastrous effects on financial markets, the economy, and our standing in the world. Yet Republicans are threatening to trigger this disaster unless they get spending cuts that they weren’t able to enact through normal, Constitutional means.
Republicans go wild at this analogy, but it’s unavoidable. This is exactly like someone walking into a crowded room, announcing that he has a bomb strapped to his chest, and threatening to set that bomb off unless his demands are met.

The only way in which Krugman could seem to be rational is if one were to accept that the Progressive Project has affected some kind of Article V re-write of our Constitution, via stare decisis, over the last century. If you accept such an oath-shattering premise as driving the pretzel logic of our Ruling Class, then, sure: the idiocy of Krugman and the rest of the Beltway Clown Car comes into focus.

Once we’ve departed the Rule of Law, and the beautiful people can get away with breaking the law on TV, because

D.C. attorney general Irvin B. Nathan announced his decision Friday afternoon by releasing a letter to an attorney for NBC. Nathan wrote that though the device Gregory held up “meets the definition” of the criminal statute, he wrote that prosecution “would not promote public safety in the District of Columbia nor serve the best interests of the people of the District to whom this office owes its trust.”

After a line of nonsense like that, why not just mint coins in Weimar German denominations?

Here’s how it would work: The Treasury would mint a platinum coin with a face value of $1 trillion (or many coins with smaller values; it doesn’t really matter). This coin would immediately be deposited at the Federal Reserve, which would credit the sum to the government’s account. And the government could then write checks against that account, continuing normal operations without issuing new debt.

The Krugmanerrand

Why bother with a denomination at all? As long as we’re punching the clown, just slap an ? symbol on the thing and declare victory. We’re a fundamentally unserious people with a fundamentally unserious government, advised by fundamentally unserious ‘eclownomists’: we deserve a fundamentally unserious currency.

via jwbrown1969


16 Responses to “NYT Has Bum Strapped To Column, Plus, Introducing: ‘The Krugmanerrand’”

  1. Evi L. Bloggerlady
    January 11th, 2013 @ 6:04 pm

    I link because I love… You have outdone yourself Smitty! Bravo! Bravo!

  2. smitty
    January 11th, 2013 @ 6:17 pm

    Krugerrand, Krugman, and Krusty all begin with ‘K’. Plus, ‘punching the clown’ works for stamping out coins.

  3. Adjoran
    January 11th, 2013 @ 6:17 pm

    Krugman has it exactly backwards (again). It is not that Republicans can’t force “spending cuts that they weren’t able to enact through normal, Constitutional means,” because without a lawful budget resolution there should be no spending at all. So it is Obama and Reid who are the mad bombers insisting on their criminal methods.

    “Krugmanerrand” is a keeper, though. A limited edition coin with an astronomical face value and no intrinsic worth at all.

  4. Joan Of Argghh!
    January 11th, 2013 @ 6:55 pm

    I say we put John Lennon’s face on the damn thing. “Imagine no possessions. . . “

  5. Lightwave
    January 11th, 2013 @ 7:05 pm

    The IMF has named the United States a “profligate” nation, specifically during the Obamee years, and as “prudent” during the Bush years.

    In fact the only two periods of profligate spending in US history according to the IMF study are FDR’s first term and Obamee’s first term, the two most liberal Presidents in US history.

    Coincidence? Sure. And I’m Elvis.

  6. smitty
    January 11th, 2013 @ 7:27 pm

    I could buy off on lower demonic presence in our government.

  7. smitty
    January 11th, 2013 @ 7:28 pm

    I thought I had seen you cruising Bigfoot in his UFO, Elvis!

  8. Joan Of Argghh!
    January 11th, 2013 @ 7:31 pm

    If we pull outta the cultural dive and prove Spengler wrong just.once. it will be something New Under The Sun. But I’m not banking on it. Not even with Platinum. And hey! How ’bout that new statute for tracking gold bullion!?

  9. smitty
    January 11th, 2013 @ 7:56 pm

    Great way to map out the loot.

  10. BruceC
    January 11th, 2013 @ 9:17 pm

    What new statute? I did a quick search and did not find one. Do you have a link? (I know, I’m kinda lazy)

  11. Beeblebrocs
    January 11th, 2013 @ 9:28 pm

    And this begs the question; why does the House keep passing CRs? I say, “Okay fine Paul. We’ll raise the debt ceiling but we won’t pass any more continuing resolutions. Is that ‘Constitutional’ enough for ya?”

  12. gvanderleun
    January 11th, 2013 @ 9:45 pm

    ” ‘Will no one rid me of this troublesome schmuck?’ “

  13. Steve Skubinna
    January 11th, 2013 @ 10:16 pm

    So Reid refusing to pass a budget doesn’t register on Krugman’s finely tuned “Constitutional means” radar, huh?

    Obama’s predilection for governing via executive order doesn’t set of the Constitutional alarm for Krugman?

    The only thing that in Krugman’s view is a threat ot the Constitution is Republicans insisting on following the law of the land. Got it.

    I’m just not smart enough to write for the NYT.

  14. smitty
    January 11th, 2013 @ 10:49 pm

    Both chambers of Congress are self-regulating, i.e. unable to identify blockage in any corrective way.

  15. Christy Waters
    January 11th, 2013 @ 10:50 pm

    Paul Krugman as Krusty the Clown… it doesn’t get much better. LOL!!

  16. Joan Of Argghh!
    January 12th, 2013 @ 7:43 am