There was a time when Republicans used to refer to themselves, proudly, as “the party of Lincoln.” But you don’t hear that line much these days. Why? Full Story »
Posted by Jon Mitchell - via Dan Kennedy, Paul Krugman, New York Times (Most Emailed), AllTop, New York Times (Opinion), Matthew Nadler (t), Donica Mensing (t), Kaizar Campwala (t)
As Mr. Bernanke immediately pointed out, the article was about inflation in China and other emerging markets, not in the United States. And the Fed chairman declared, correctly, that “inflation made here in the U.S. is very, very low.” Advantage Bernanke. But the facts don’t matter, because conservative hard-money mania, the demand that the Fed stop trying to rescue the economy, isn’t really about inflation fears.
Dr. Krugman gives an explanation of why the party of Lincoln (GOP) no longer claims him, and goes on to look at a push within Republicorp to return to the gold standard.