Paul Krugman: "The Inflation Cult" Recalls Communists Hiding In Pumpkins

"Alger Hiss, Whittaker Chambers and The Pumpkin Papers"
http://en.wikipedia.org/wiki/Whittaker_Chambers#.22Pumpkin_Papers.22

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"This tribal interpretation of the inflation cult helps explain the sheer rage you encounter when pointing out that the promised hyperinflation is nowhere to be seen....But what about the economists who go along with the cult? They’re all conservatives, but aren’t they also professionals who put evidence above political convenience? Apparently not. The persistence of the inflation cult is, therefore, an indicator of just how polarized our society has become, of how everything is political, even among those who are supposed to rise above such things. And that reality, unlike the supposed risk of runaway inflation, is something that should scare you." Paul Krugman in The New York Times