Paul Krugman: The Monetary Fever Swamps

July 10, 2014 6:31 pm

Urg. Glug. Mmph. My head feels like it’s stuffed with oatmeal.

No, I haven’t been drinking (although I plan to start in a few minutes.) I have, instead, been spending a lot of time in the monetary fever swamps.

I was aware that there were a fair number of people on the right attacking the Fed, not for running the risk of inflation or financial instability or something, but for expropriating the property of right-thinking, clean-living people who deserve higher interest earnings. But there’s more of it, and it’s more explicit, than I realized. Here’s an example, but there are many more.