Paul Krugman Strikes Again

Speaking of inflation, New York Times columnist Paul Krugman is one of the pundits calling for more inflation as something good.

I simply don't have stamina this morning to pick apart his strange and simplistic (and often inaccurate) argument, so I will link two articles, one by Peter Schiff on his April 9 Op-Ed on the need for the government to inflate more, and another by Bill Anderson on today's Op-Ed on the need for the government to basically micromanage who gets what money (fresh off the government press) to achieve the noble goal of "protecting consumers".

Krugman Strikes Again (Peter Schiff, 4/12/2010 Euro Pacific Capital via Lewrockwell.com)

Regulate Inflation? I Don't Think So! (Bill Anderson, 4/12/2010 Krugman-in-Wonderland)

Taken together, the Nobel laureate columnist is strongly advocating more government-induced inflation which is good for the debtor government and destructive to citizens, and more government regulation which will further restrict the flow of capital, bloodline of a free market. I don't understand his blind faith in all things "government", the benevolent and omniscient dictator who knows what's good for you and me.

He is (or was, at least) also a staunch defender of Fannie and Freddie; "Fannie and Freddie can’t be allowed to fail", he opined back in July 2008.

I was totally at a loss when he once said people should buy cheap houses in middle-of-nowhere inland suburban sprawl, instead of buying houses in pricier neighborhood. To him, it was irrational that people wanted to live in nicer neighborhoods, paying more for the housing.

Russians must be really shaking their heads. (And Swedes, too.)

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