Monday, November 12, 2012

A handy Krugman summary

Delusions of Reason - NYTimes.com

Paul Krugman had a short post at his blog summarising the problem with the current Republican Party:

Brad likes to tell the (second-hand) tale of Larry Lindsey arriving at the Council of Economic Advisers in 2001 and declaring that the people who really understood economics had arrived. A lot of 1-percent Romney supporters believed that only the unwashed masses could actually believe that Obama was making more sense on economic policy. And so on.

What’s so strange about this is that everything — everything — that has happened for the past decade has demonstrated the opposite. Modern Republicans are devotees of faith-based analysis on every front. On economics, in particular, they are devoted to supply-side fantasies that keep being refuted by evidence — and their reaction is to try to suppress the evidence. They’ve spent pretty much the whole past four years issuing dire warnings about inflation and soaring interest rates that keep not coming true; they cling to the belief that if only a Republican were in office we’d have a 1982-style recovery even though economists who actually studied past financial crises predicted the slow recovery in advance.

And don’t even get me started on climate change.

The truth is that the modern GOP is deeply anti-intellectual, and has as its fundamental goal not just a rollback of the welfare state but a rollback of the Enlightenment. Yet there are some wannabe intellectuals who delude themselves into believing that they have aligned themselves with the party of objective (as opposed to Objectivist) analysis.

You might think that the election debacle would force some reconsideration. But I doubt it; if the financial crisis didn’t do it, nothing will.
Well, "the rollback of the Enlighenment" might be taking it one step too far, but generally speaking, it's hard to disagree that on both science and economics, the Right in the US seems more devoted to ideology than evidence.
 

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