Why Cruz Is Worse Than Trump

[applegrove]

Why Cruz Is Worse Than Trump

by Paul Krugman at the NY Times

http://krugman.blogs.nytimes.com/2016/04/08/why-cruz-is-worse-than-trump/?module=BlogPost-Title&version=Blog%20Main&contentCollection=Opinion&action=Click&pgtype=Blogs&region=Body&_r=0"

"SNIP...............



Which brings us to Cruz, who is enthusiastic about the gold standard — which did play a major role in spreading the Depression.

The problem with gold is, first of all, that it removes flexibility. Given an adverse shock to demand, it rules out any offsetting loosening of monetary policy.

Worse, relying on gold can easily have the effect of forcing a tightening of monetary policy at precisely the wrong moment. In a crisis, people get worried about banks and seek cash, increasing the demand for monetary base — but you can’t expand the monetary base to meet this demand, because it’s tied to gold. On top of that, a slump drives interest rates down, increasing the demand for real assets perceived as safe — like gold — which is why gold prices rose after the 2008 crisis. But if you’re on a gold standard, nominal gold prices can’t rise; the only way real prices can rise is a fall in the prices of everything else. Hello, deflation!

So on economics, again, Trump is ignorant and unpredictable — but Cruz knows what isn’t so, and would lead us to predictably dire results.



................SNIP"

[HuckleB]

1. Why they are both horrific is all that matters.

[mr_liberal]

2. Trump is essentially a moderate acting like a conservative just

to get the Republican nomination. I would vote for Trump before most of the other Republican candidates that were in the race originally.

Cruz is the real deal...a religious right extreme conservative. He's a true believer. Trump is not. Trump could have run as a democrat and run on completely different positions on issues.

[agnostic102]

3. im sorry but

cruz scares me. i saw a video where a pastor before introducing him called gays to be put the death. i saw this same shit in iran FUCK HIM.

[jonks2746]

4. Both Cruz and Trump are hateful idiots

They will destroy this country with their awful policies.

[HuckleB]

5. Duh.

[anamnua]

6. My hunch is

that Trump doesn't actually mean half the **** he says. Can't say the same for Cruz.

[applegrove]

7. I think you are right. But Trump is hateful then for knowingly playing with hate.

Still. I think Trump likes some people in the world. I don't know that Cruz does.