Business up front, Quantitative Easing in the rear!
Okay, so P-Kroog is the most pompous, least self-aware, most earnestly immune from self-doubt person in journalism today. (Olbermann is a bigger a-hole, but he has some ironic self-awareness).Still, I refuse to believe that this P-Kroog critique of how elites misled policy, and blamed voters, is anything but satire. Surely even P-Kroog had to recognize that he is really talking about himself. Well, what I've been hearing with growing frequency from members of the policy elite "” self-appointed wise men, officials, and pundits in good standing "” is the claim that it's mostly the public's fault. The idea is that we got into this mess because voters wanted something for nothing, and weak-minded politicians catered to the electorate's foolishness. So this seems like a good time to point out that this blame-the-public view isn't just self-serving, it's dead wrong. The fact is that what we're experiencing right now is a top-down disaster. The policies that got us into this mess weren't responses to public demand. They were, with few exceptions, policies championed by small groups of influential people "” in many cases, the same people now lecturing the rest of us on the need to get serious. And by trying to shift the blame to the general populace, elites are ducking some much-needed reflection on their own catastrophic mistakes. He's got to realize that's irony, right? He's GOT to.(Nod to Angry Alex)
Labels: irony is dead, P-Kroog
Nah, this is Krugman we are talking about. He lacks any sense whatsoever of irony, and he actually believes he is one of "us", and not one of the misguided policy elites.Fortunately, not too many serious people actually listen to Krugman, so he is relatively harmless.
Have you ever read "Politicians Don't Pander"? His assertion doesn't seem too off to me.
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