"What I tell you three times is true."
Didn't she just write last week that there's no way to know what caused the Great Depression? Now she's saying we do know because Milton Friedman told us what caused it?At least she stopped spelling in British. That was insufferably pretentious and stupid.
And she doesn't even mention the stock bubble, built on debt! As if the problem was FDR instead. So dishonest, and so obviously an analogy to this era. The right attacked FDR so they could claim Obama was doing the harm, not Bush's policies. It's sickening.
This [hyperinflation] episode has gripped the national imagination at least as powerfully as guilt over the Holocaust, leaving a powerful legacy of anti-inflationary sentiment that borders on mania.I can only conclude that Megan has never lived in Germany.
Alas, the pundits and the professors and the regulators all turned out to be wrong. Well, "all" except Krugman, and Atrios, and Roubini, and Calculated Risk, and Tanta, and DeLong, just off the top of my head.
Yes, that's certainly one of her favorite deceits--nobody knew because nobody could have known. As you both point out, she just makes up crap and keeps on repeating it, as if that will make it real.
Yes, that's certainly one of her favorite deceits--nobody knew because nobody could have known.Of course, the Bush Administration pulled the same stunt fairly consistently.Tanta had a tag line for discussing episodes like this - WHOCOULDANODE.
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