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Krugman and the Soviet Poverty Law Center

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lewRockwell
Published : April 01st, 2013
528 words - Reading time : 1 - 2 minutes
( 12 votes, 3.6/5 ) , 3 commentaries
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Category : Editorials


 

 

 

A couple of years ago when I appeared as one of Ron Paul's witnesses (the first one, actually) during his House of Representatives hearings on the Fed, the Democrats got the biggest leftist on the committee to smear, libel, and slander me by repeating the smears, libels, and slanders about me (and virtually all other libertarians and conservatives) by the left-wing hate group known as the Southern Poverty Law Center. The hate group's typical line is this: 1) DiLorenzo wrote a book critical of Lincoln's economic policies; 2) Therefore, he must want to bring back slavery. Since we now live in a nation of morons, the SPLC is able to raise millions of dollars in contributions from below-50-I.Q. liberals and leftists with such smears. "Send us money and we will keep an eye on these people," they say. (This is the same group of communistic crackpots who convinced Big Sister Janet Napolitano to publicly announce that people with Ron Paul bumper stickers on their cars may be considered potential terrorists by her Department of Fatherland Security).

Paul Krugman participated in this libelous smear in one of his NY Times columns, labeling me Ron Paul's "Johnnie Reb economist." (I prefer that to "politico-journalistic whore"). He said nothing at all about my critiques of the explosion of economic statism during the Lincoln administration, the focus of all my writings on the subject. Instead, he played along with his fellow totalitarians and their meaningless "Neo-Confederate" blather.

But in a recent blog Krugman proved once again what a fraud and a liar he is by writing that "Lincoln was actually a big government interventionist" whose "most dramatic departure from standard economic policy was . . . debasing the currency." This means that when he participated in the Southern Poverty Law Center smear of yours truly he was obviously cognizant of the fact that libertarians like myself and Ron Paul are critical of Lincoln not because we want to bring back slavery (!!) but because, as Krugman says, he ushered in big-government interventionism and the debasing of the currency with his National Currency Acts and Legal Tender acts.

The purpose of all the over-the-top smears, as outlined in Saul Alinsky's Rules for Radicals, the "bible" of Obammunists like Krugman, is to censor public criticism of healthcare socialism in particular and Big, Out-of-Control Government in general.


In a recent blog Democratic Party propagandist Paul Krugman claimed that after the Lincoln administration nationalized the money supply with its National Currency Acts, Legal Tender Acts, and the creation of the greenback dollar, "nothing bad happened" during the years when the gold standard was abandoned in the late nineteenth century.

The economics profession knows better. In a scholarly article entitled "Money versus Credit Rationing: Evidence for the National Banking Era, 1880-1914," by Michael Bordo, Peter Rappoport, and Anna Schwartz (in Claudia Goldin, editor, Strategic Factors in Nineteenth-Century American Economic Growth, Univ. of Chicago Press, 1992), the authors concluded that the period of time referred to by Krugman:

". . . was characterized by monetary and cyclical instability, four banking panics, frequent stock market crashes, and other financial disturbances." Krugman has a very unique definition of "NOTHING bad."


Thanks to Tom DiLorenzo from lewrockwell.com
Companies Mentionned : Gold | Southern | Strategic |
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Thomas DiLorenzo is professor of economics at Loyola College, Maryland, and a senior fellow at the Ludwig von Mises Institute. He is the author or co-author of ten books, on subjects such as antitrust, group-interest politics, and interventionism generally
Latest comment posted for this article
I will set aside any opinions I have of DiLorenzo right now. I just want say that Paul Krugman is a Communist Hack. I can not stand to hear him go on and on about his love for Socialistic/Communist/Big Govt policy. Read more
samking73 - 4/29/2013 at 4:26 PM GMT
Rating :  2  1
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I will set aside any opinions I have of DiLorenzo right now. I just want say that Paul Krugman is a Communist Hack. I can not stand to hear him go on and on about his love for Socialistic/Communist/Big Govt policy.
Rate :   2  1Rating :   1
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DiLorenzo is a pathetic little man filled with bile. Now excuse me. i must go shower again.
Rate :   3  7Rating :   -4
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Speaking of Krugman, DiLorenzo says this: "Instead, he played along with his fellow totalitarians and their meaningless "Neo-Confederate" blather." DiLorenzo, in his myraid articles here, has never critique the South and its inhuman slave system even 1/10th as much as he has critiqued Lincoln. If anyone can point to even that 1/10th I would be glad to look it over.

Do I think DiLorenzo is a racist? No - but I do see where Krugman is coming from. I believe DiLorenzo's focus on anarchism and secession has warped his mental faculities making any of his arguments concerning individual freedom -- or anything else for that matter -- irrelevant.


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