KRUGMAN: Crash-Test Dummies as Republican Candidates for President

[kpete]

And Republicans, across the board, predicted disaster. Deficit spending, they insisted, would cause soaring interest rates and bankruptcy; the Fed’s efforts would “debase the dollar” and produce runaway inflation.

None of it happened. Interest rates stayed very low, as did inflation. But the G.O.P. never acknowledged, after six full years of being wrong about everything, that the bad things it predicted failed to take place, or showed any willingness to rethink the doctrines that led to those bad predictions. Instead, the party’s leading figures kept talking, year after year, as if the disasters they had predicted were actually happening.





http://www.nytimes.com/2015/08/28/opinion/paul-krugman-rash-test-dummies-as-republican-candidates-for-president.html?action=click&pgtype=Homepage&module=opinion-c-col-left-region&region=opinion-c-col-left-region&WT.nav=opinion-c-col-left-region&_r=1