When the going gets tough, the people losing the argument start whining about civility. I often find myself attacked as someone who believes that anyone with a different opinion is a fool or a knave; as I've tried to explain, however, that's mainly selection bias. I don't spend much time on areas where reasonable people can disagree, because there are so many important issues where one side really is completely unreasonable. Relatedly, obviously someone can disagree with my side and still be a good person. On the other hand, there are a lot of bad people engaged in economic debate — and I don't mean that they're wrong, I mean that they argue in bad faith. Which brings us to today's installment of oh-yes-they're-that-bad, courtesy of Bloomberg. You may remember the infamous open letter to Ben Bernanke warning that his efforts to boost the economy "risk currency debasement and inflation"; just in case you wondered about the political nature of the letter, among the signatories was that noted monetary expert William Kristol. Lying about the economy (among other things) pays pretty damn well. So don't expect this to change.
What we should expect though, is more reporting like this. And for "respectable" media outlets to stop giving a platform to remorseless shills like, e.g. Bill Kristol, Dan Senor and Amity Shlaes.
Shared from the Digg iPhone app:
When the going gets tough, the people losing the argument start whining about civility. I often find myself attacked as someone who believes that anyone with a different opinion is a fool or a knave; as I've tried to explain, however, that's mainly selection bias. I don't spend much time on areas where reasonable people can disagree, because there are so many important issues where one side really is completely unreasonable. Relatedly, obviously someone can disagree with my side and still be a good person. On the other hand, there are a lot of bad people engaged in economic debate — and I don't mean that they're wrong, I mean that they argue in bad faith. Which brings us to today's installment of oh-yes-they're-that-bad, courtesy of Bloomberg. You may remember the infamous open letter to Ben Bernanke warning that his efforts to boost the economy "risk currency debasement and inflation"; just in case you wondered about the political nature of the letter, among the signatories was that noted monetary expert William Kristol.
http://krugman.blogs.nytimes.com/2014/10/02/knaves-fools-and-quantitative-easing/?module=BlogPost-Title&version=Blog%20Main&contentCollection=Opinion&action=Click&pgtype=Blogs®ion=Body
Typos courtesy of my iPhone
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