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Defending Cato from the Predictably Inaccurate Ramblings of Paul Krugman

lupine Wrote: Feb 18, 2013 11:28 PM
I would say the White House had the pull. The Clintons believed their own BS that everyone should own a home, just as liberals believe that there would be no gun violence if government controlled all the firearms.

Writing for the New York Times, Paul Krugman has a new column promoting more government spending and additional government regulation. That’s a dog-bites-man revelation and hardly noteworthy, of course, but in this case he takes a swipe at the Cato Institute.

The financial crisis of 2008 and its painful aftermath…were a huge slap in the face for free-market fundamentalists. …analysts at right-wing think tanks like…the Cato Institute…insisted that deregulated financial markets were doing just fine, and dismissed warnings about a housing bubble as liberal whining. Then the nonexistent bubble burst, and the financial system proved dangerously fragile;...