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Showing posts with the label Paul Krugman

When politicians lie because it helps win an election it gets harder to remember what it's like to tell the truth

Paul Krugman in today's New York Times  was writing about America's Republicans but the view strikes me as being applicable to a broad spectrum of Australian politics. A key moment came in the 1970s, when Irving Kristol, the godfather of neoconservatism, embraced supply-side economics — the claim, refuted by all available evidence and experience, that tax cuts pay for themselves by boosting economic growth. Writing years later, he actually boasted about valuing political expediency over intellectual integrity: “I was not certain of its economic merits but quickly saw its political possibilities.” In another essay, he cheerfully conceded to having had a “cavalier attitude toward the budget deficit,” because it was all about creating a Republican majority — so “political effectiveness was the priority, not the accounting deficiencies of government.” The problem is that once you accept the principle that it’s O.K. to lie if it helps you win elections, it gets ever harder to li...

Paul Krugman prepares for Australia and some doggerel of mine gets a kind of mention

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  SEARCH Bad Ideas Down Under   SEPTEMBER 1, 2015 2:08 PM   September 1, 2015 2:08 pm   20   Comments I’m heading off to Sydney, for the  Festival of Dangerous Ideas . Blogging will be limited due to travel, plus blood rushing to my head from standing upside down when I get there. My bit from 50 years ago, slightly misquoted by Bruce: The great Australian wattle Is the symbol of our land You can put it in a bottle Or hold it in your hand