{"id":188637,"date":"2010-08-20T11:30:00","date_gmt":"2010-08-20T16:30:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/08\/20\/krugman-channels-williams-jennings-bryan\/"},"modified":"2010-08-20T11:30:00","modified_gmt":"2010-08-20T16:30:00","slug":"krugman-channels-williams-jennings-bryan","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/08\/20\/krugman-channels-williams-jennings-bryan\/","title":{"rendered":"Krugman Channels Williams Jennings Bryan"},"content":{"rendered":"

Is it just me, or does his most recent OP\/ED<\/a> have some significant thematic similarities to William Jennings Bryan’s Cross of Gold speech<\/a>.<\/p>\n

Here is the first ‘graph of Krugman:<\/p>\n

As I look at what passes for responsible economic policy these days, there\u2019s an analogy that keeps passing through my mind. I know it\u2019s over the top, but here it is anyway: the policy elite \u2014 central bankers, finance ministers, politicians who pose as defenders of fiscal virtue \u2014 are acting like the priests of some ancient cult, demanding that we engage in human sacrifices to appease the anger of invisible gods. <\/p><\/blockquote>\n

Here is the last ‘graph of Bryan:<\/p>\n

If they dare to come out in the open field and defend the gold standard as a good thing, we shall fight them to the uttermost, having behind us the producing masses of the nation and the world. Having behind us the commercial interests and the laboring interests and all the toiling masses, we shall answer their demands for a gold standard by saying to them, you shall not press down upon the brow of labor this crown of thorns. You shall not crucify mankind upon a cross of gold.<\/p><\/blockquote>\n

Note, I am not<\/span> making accusations of any sort of misappropriation of work. I am suggesting that two people, attempting to address similar problems, deflation and recession, have, 114 years apart, come to very similar conclusions, and expressed them in similar ways.<\/p>\n

In any case, both Bryan’s speech, and Krugman’s OP\/ED should be read. They are both very good.<\/p>\n","protected":false},"excerpt":{"rendered":"

Is it just me, or does his most recent OP\/ED have some significant thematic similarities to William Jennings Bryan’s Cross of Gold speech. Here is the first ‘graph of Krugman: As I look at what passes for responsible economic policy these days, there\u2019s an analogy that keeps passing through my mind. I know it\u2019s over …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1002],"tags":[],"class_list":["post-188637","post","type-post","status-publish","format-standard","hentry","category-economy","category-good-writing"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188637"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=188637"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188637\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=188637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=188637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=188637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}