Republicans Flunk Ezra Klein's Basic Medicare Test
Ah. A Republican "Economists for Romney" Letter

Nobody Believes Me When I Tell Them How Wacka-Wacka Paul Ryan's Views on Monetary Policy Are...

In the email: a question:

There is a group called ‘Economists for Romney’ that released a statement today supporting the main tenets of Mitt Romney’s economic platform. They group cites 400 economists, most of them linked to U.S. universities, as endorsing the statement http://economistsforromney.com/. Why do you think this statement is coming out now?

My answer:

Well, given that the Republican vice presidential candidate-presumptive is on record as saying:

I always go back to, you know, Francisco d’Anconia’s speech (at Bill Taggart’s wedding) [in Ayn Rand's The Fountainhead] on money when I think about monetary policy…

That means that when Paul Ryan thinks about monetary policy he starts from:

It is not the moochers or the looters who give value to money. Not an ocean of tears nor all the guns in the world can transform those pieces of paper in your wallet into the bread you will need to survive tomorrow. Those pieces of paper, which should have been gold, are a token of honor – your claim upon the energy of the men who produce. Your wallet is your statement of hope that somewhere in the world around you there are men who will not default on that moral principle which is the root of money...

That says not that we ought to be on a gold standard, but that we should have a gold coinage--that we should not use credit cards or checks or currency at all,

Thus I think this statement is coming out now to distract attention from how wacka-wacks Paul Ryan's monetary policy actually is...

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