(T)here’s something else in David’s column, which I see a lot: the argument that because a lot of important people believe something, it must make sense:
… Are you sure your theorists are right and theirs are wrong?
Yes, I am. It’s called looking at the evidence. I’ve looked hard at the arguments the Pain Caucus is making, the evidence that supposedly supports their case – and there’s no there there.
And you just have to wonder how it’s possible to have lived through the last ten years and still imagine that because a lot of Serious People believe something, you should believe it too. Iraq? Housing bubble? Inflation?
…
The moral I’ve taken from recent years isn’t Be Humble – it’s Question Authority. And you should too.
Jul 06 2010
New Shrill-
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Author
Krugthulhu.
Krugman calls it.