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Seems that monetary policy was one of the pet peeves harbored by the nut who killed six people...

Seems that monetary policy was one of the pet peeves harbored by the nut who killed six people and wounded 14 this weekend in Arizona. Should that discredit those who hope for a return of the gold standard? Surely not, but such a stretch of logic might come naturally to certain economists, James Taranto writes.
Comments (27)
  • Fueled By Randomness
    , contributor
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    Krugman is someone who thinks borrowing money and spending it makes you rich. It's not surprising he has arrived at numerous other dubious conclusions (and by "dubious" I mean "purchased on credit from fantasyland.")
    11 Jan 2011, 06:34 PM Reply Like
  • srimes
    , contributor
    Comments (109) | Send Message
     
    He should be fired for slander and intellectual dishonesty.

     

    He said "burn Lieberman in effigy" and now complains about targets on a political map? And no need to get started on his economic "faith."
    11 Jan 2011, 09:01 PM Reply Like
  • ABiswanger
    , contributor
    Comments (6) | Send Message
     
    Wow, I can't believe you managed to completely discredit Keynesian economics in one snarky sentence. Because, you know, the reality of the debate isn't anymore complex than you've just portrayed it.
    11 Jan 2011, 10:54 PM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    As is well known, Charles Manson is a believer in Keynesianism. Therefore...
    11 Jan 2011, 06:37 PM Reply Like
  • Duude
    , contributor
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    Krugman isn't really an economist. He just plays one in the editorial pages of the nyt.
    11 Jan 2011, 06:44 PM Reply Like
  • Econdoc
    , contributor
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    the less said about that Arizona fellow the better.

     

    a nut job with a gun says very little about much of anything except gun laws and the way they are enforced.
    11 Jan 2011, 06:47 PM Reply Like
  • Papaswamp
    , contributor
    Comments (2178) | Send Message
     
    Since it seems he was in the mental health system, police contacts due to death threats he made and a heavy drug user, it already is illegal for him to purchase firearms. The question is why the system failed. His mother works for the county and I'm thinking a bit of record scrubbing occurred. The background system only works as well as those that report to it. I believe the failure was from the very sheriff pointing fingers.
    "As we understand it, there have been law enforcemen t contacts with the individual where he made threats to kill," Dupnik said during a press conference Saturday evening. But he wouldn't say who those threats were aimed at."
    www.npr.org/2011/01/09...
    12 Jan 2011, 06:40 AM Reply Like
  • Donald Ingram
    , contributor
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    Watching and reading his 'ramblings' on youtube, one comes to the conclusion that "this boys cheese has fallen off his cracker."
    Line from "The Green Mile" - his ultimate destination.
    11 Jan 2011, 06:48 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4010) | Send Message
     
    Perhaps this was all a set up by TPTB to descredit gold.You know, you must be crazy to advocate a return to the gold standard Maybe a Showtime movie starring George Clooney as the Goldman fixer who manipulates a nut job with a strange prediliction for a sound currency to go postal in a shopping center?
    11 Jan 2011, 06:51 PM Reply Like
  • bob adamson
    , contributor
    Comments (4555) | Send Message
     
    Let’s not allow the recent tragic events to become yet another live grenade tossed around in a frenetic game of political hot potato.

     

    Much of what Sigmund Freud postulated has not stood the test of time but in “Civilization and its Discontents” he surely copulated one of the underlying impulses of politics – the need to demonize others in order to identify and bond with one’s friends. This takes the form of what Freud describes as the ‘narcissism of small differences’ but, as set out in the attached passage,

     

    www.historyguide.org/e...

     

    it can also become something more sinister – a group psychosis.

     

    I’m not suggesting that such a group psychological or sociological aberration is now manifest in US society and, consequently, take exception commentators who overstate the case. There is, however, another dimension, represented by much of the debate in US politics today, to the ‘narcissism of small differences’, at the more benign level described by Freud before the extreme manifestations described in the passage attached above. Hyperbolic rhetoric too often employed, by its vituperative tone irrespective of its often innocuous content, not only sets the sane general audience somewhat on edge but also can act as a trigger for the unbalanced few.

     

    Isn’t it time to tone it down? By all means discuss contentious issues in a forthright manner – that’s not the issue. However the debate should be conducted in a way that promotes resolution of difficult issues rather than as a means that one frightened and confused group (and aren’t we all somewhat unsettled by the current state of the world and economy to some extent?) projects its frustrations on another such group.
    11 Jan 2011, 07:05 PM Reply Like
  • mikeybronx
    , contributor
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    Sigmund "the great plagarizer" Freud?
    11 Jan 2011, 07:35 PM Reply Like
  • bob adamson
    , contributor
    Comments (4555) | Send Message
     
    There is an unintended (Can there be any other conscious kind?) ‘Freudian mistake’ in the second paragraph of my earlier comment. Somehow my haste, poor spelling and the automatic spellchecker feature of my Word program conspired together to substitute another word for the intended ‘encapsulated’.
    12 Jan 2011, 12:42 AM Reply Like
  • Venerability
    , contributor
    Comments (3048) | Send Message
     
    The kid - a C student in high school - was all over the place!

     

    He seemed to like Ron Paul, which is where he got his currency ideas. But he also had a crush on "Strong Dollar" maven Sarah Palin.

     

    Although this is pure Satire, my understanding is that he had autographed photos of Larry Kudlow, Arthur Laffer, and Guy Adami on his bedside table.

     

    Dr. Krugman, who should know better and usually does, has been rather silly in his commentary about the incident. Maybe he has a tummy ache.

     

    What I found utterly shocking was that tirade of Keith Olbermann's. How can anyone, whatever their biases, lump Sarah Palin, Glenn Beck, and Bill O'Reilly together? To me, that is as disparate a group as exists anywhere.

     

    Palin is a superb politician of average intelligence, but with great charm and a terrific understanding of her potential constituency. Lump her with, say, Rick Perry or John Kerry.

     

    Bill O'Reilly is quite bright, IMO, although his specialty has always been domestic politics. He has virtually no understanding of anything economic, because he has no interest in anything economic. And he is absolutely not "right wing." I think his closest soulmate, politically, would be someone like Scoop Jackson or even Frank Church. In other words, I'm not particularly sure he's a Republican, since he fits in much better with the Labor-oriented Democrats.

     

    Glenn Beck started out as a journalist. But something seemed to snap a couple of years ago, and he is now a cult religious leader. Jim Bakker, maybe, or perhaps Jim Jones.
    11 Jan 2011, 07:18 PM Reply Like
  • philais
    , contributor
    Comments (193) | Send Message
     
    Glenn Beck started out as a journalist.

     

    GB started out on am radio "entertainer" not a journalist and still holds that title, "entertainer".
    11 Jan 2011, 07:27 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3314) | Send Message
     
    At least we should all be able to agree, that Keith Olberman is not a journalist
    11 Jan 2011, 08:01 PM Reply Like
  • The Geoffster
    , contributor
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    V. You're bright. What are your politics/
    11 Jan 2011, 10:15 PM Reply Like
  • bukdow
    , contributor
    Comments (834) | Send Message
     
    Nicely stated, Venerability. Venerable indeed.
    12 Jan 2011, 06:54 AM Reply Like
  • filipo
    , contributor
    Comments (2738) | Send Message
     
    After the demonization of certain politicians comes the demonization of gold. Fear has to find guilt I suppose, a completely irrational but human reaction.
    This is not the way this drama should be dealt with.
    11 Jan 2011, 08:05 PM Reply Like
  • mikeybronx
    , contributor
    Comments (347) | Send Message
     
    nor is Olberman a sports commentator.
    11 Jan 2011, 08:05 PM Reply Like
  • Hendershott
    , contributor
    Comments (1498) | Send Message
     
    For God's sake don't sell Ron Paul a gun.
    11 Jan 2011, 09:05 PM Reply Like
  • Stephen Frankola
    , contributor
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    ridiculous and disrespectful lead in, SA.
    11 Jan 2011, 10:23 PM Reply Like
  • bob adamson
    , contributor
    Comments (4555) | Send Message
     
    Right you are Stephen and greenzulu.

     

    The SA folk know when they are on to a good thing. Each morning they only have to make reference here in their 'Market Currents" section, however obliquely, to the most recent Krugman opinion piece from the NYT and we chew with vigour and at length on the provided red meat and each other. The way in which they did so here, however, was not in keeping with the nature of the underlying circumstances.
    12 Jan 2011, 01:00 AM Reply Like
  • greenzulu
    , contributor
    Comments (217) | Send Message
     
    Agreed. It is provocation rather than commentary, an invitation to reaction rather than reason. More Seeking Omega than Alpha.
    11 Jan 2011, 11:43 PM Reply Like
  • ebworthen
    , contributor
    Comments (2811) | Send Message
     
    Yup, must mean that Goldbugs are crazy and the dollar and Ben "Gutenberg" Bernanke is perfectly sane.

     

    We'd better watch out for those Republicans too, and people in Alaska, and MILF's that wear glasses, and the NRA, and White guys, and Bald guys, and stores that sell more than 12 knives at a time, and 20' something's with an axe to grind, and debate...yeah...we really have to keep an eye on those vociferous debaters....and...and....
    12 Jan 2011, 01:43 AM Reply Like
  • filipo
    , contributor
    Comments (2738) | Send Message
     
    "Seems that monetary policy was one of the pet peeves harbored by the nut who killed six people and wounded 14 this weekend in Arizona. Should that discredit those who hope for a return of the gold standard ?"

     

    This is really ludicrous. If one would investigate on all of the habits of shooter Loughner, one sure could easily find different reasons. I'll give a few hypothetical: he was smoking cigarettes X, he has been taking bus number 6, he wore shoes size 11, he drove a car Y, he loved cricket...
    Would anyone with any sense of rationality then attribute the cause of his action to any of these habits and hence demonize the product ? (cigarettes, buses, shoes, cars, cricket...)
    The only question that seems to be asked IMO is where did he get his VIOLENT thoughts from. What gave him the stimulus to act the way he did ?
    Did he view violent dvds ? Did he attend neonazi meetings ? Did he have a pathological aggressive behaviour ? Was he member of a sadistic society ? Or did he simply look at Palin's map with the targets to be shot ?
    Some people who are easily influenced can do a lot of harm and politicians or opinion makers in the name of universal freedom often have no idea what influence they have. They should be more careful.
    12 Jan 2011, 05:00 AM Reply Like
  • If U Say So
    , contributor
    Comments (348) | Send Message
     
    One of his 'friends' report he did reference the congresswoman when he spoke of a time he had met her before at one of her town meetings, and asked her a question which she couldn't answer. He said he was mad at her for her inability to answer her question. Judging by his incoherent youtube ramblings together with other ramblings his classmates claimed he made in class at other times, his question was likely nonsensical which the congresswoman could only offer up a bewildered look. This might be all it took to trigger a dude not playing with a full deck.
    12 Jan 2011, 10:24 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2178) | Send Message
     
    The sad result of this madman's actions, is the fear emanating from DC with a flurry of laws. Why have become so scared we now allow our children to be strip-searched, we allow ourselves to be x-rayed and groped. Now we will pass more laws because of the actions from a loon.
    What happened to us?
    12 Jan 2011, 06:46 AM Reply Like
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