Getting things epically wrong and denying reality gains you points in today's GOP.
Today's
GOP is a kind of bizarro world where ambitious politicians are forced
to pledge allegiance to experts who have gotten just about everything
wrong. So writes Paul Krugman in his column Friday,
who laments the fact that "charlatans and cranks" have gained
increasing favor in the party, despite, or maybe even because of, the
fact that they get things wrong, and then, by golly, stick to their
guns.
This being Krugman, the topic is economics, specifically "supply-siders," a group which even N. Gregory Mankiw,
a professor at Harvard who served for a time as George W. Bush’s chief
economic adviser, made fun of when their belief that tax cuts would
provide a magical elixir to the economy and miraculously fix deficits
proved so very wrong. But the fact that even a Republican adviser said
this approach is bunk has had absolutely no effect on the party's
thinking. Proof: Wisconsin governor Scott Walker, a contender for the
Republican presidential nomination, spoke at a dinner at
Manhattan’s “21” Club this week. It was "hosted by the three most
prominent supply-siders: Art Laffer (he of the curve); Larry Kudlow of
CNBC; and Stephen Moore, chief economist of the Heritage Foundation.
Politico pointed out that Rick Perry, the former governor of Texas,
attended a similar event last month. Clearly, to be a Republican
contender you have to court the powerful charlatan caucus," Krugman
writes.
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