NACBA
Member
- Joined
- Jan 19, 2010
- Messages
- 784
Sen. Rand Paul is drawing liberal fire from many left wing commentators, now including Prof. Paul Krugman. Many of the criticisms are badly off base. As noted in yesterday’s column there is so much simply factually incorrect about The New Republic‘s Danny Vinik recent Rand Paul Has the Most Dangerous Economic Views of Any 2016 Candidate — for example — that one hardly knows where to begin. So, to quote the composer John Cage, let’s “begin anywhere.”
First, Rand Paul, unlike Ron Paul, nowhere appears on record as advocating the gold standard. Implication of such advocacy to Sen. Paul is, flatly, wrong. This is sloppy journalism.
Second, whatever Sen. Paul’s views may be, the current overwhelming opposition to the gold standard by academic economists is reminiscent of nothing so much as the Wizard of Oz’s movie peroration: “I, your Wizard, per ardua ad alta, am about to embark upon a hazardous and technically unexplainable journey into the outer stratosphere…to confer, converse, and otherwise hobnob with my brother wizards.” The pronouncements of such eminent economic wizards as those sampled by the Booth School are as unpersuasive as they are rotund. In the unvarnished language of Forbes.com contributor Nathan Lewis, a leading witness to the fact that the Emperor has no clothes, “Academic economists of every variety, along with high-fashion architects, are now generally regarded as deluded nincompoops….”
http://www.forbes.com/sites/ralphbe...discovers-its-inner-love-of-the-fed-part-two/
First, Rand Paul, unlike Ron Paul, nowhere appears on record as advocating the gold standard. Implication of such advocacy to Sen. Paul is, flatly, wrong. This is sloppy journalism.
Second, whatever Sen. Paul’s views may be, the current overwhelming opposition to the gold standard by academic economists is reminiscent of nothing so much as the Wizard of Oz’s movie peroration: “I, your Wizard, per ardua ad alta, am about to embark upon a hazardous and technically unexplainable journey into the outer stratosphere…to confer, converse, and otherwise hobnob with my brother wizards.” The pronouncements of such eminent economic wizards as those sampled by the Booth School are as unpersuasive as they are rotund. In the unvarnished language of Forbes.com contributor Nathan Lewis, a leading witness to the fact that the Emperor has no clothes, “Academic economists of every variety, along with high-fashion architects, are now generally regarded as deluded nincompoops….”
http://www.forbes.com/sites/ralphbe...discovers-its-inner-love-of-the-fed-part-two/
