Home
/
RELIGION & LIBERTY ONLINE
/
‘A’ for Austerity: The New Scarlet Letter
‘A’ for Austerity: The New Scarlet Letter
Jan 16, 2026 5:37 PM

I introduced this week’s Acton Commentary yesterday with some thoughts about “The Audacity of Austerity.” In today’s “‘A’ for Austerity: The New Scarlet Letter,” I take to task the attitude embodied by Paul Krugman’s vilification of proponents of austerity measures.

Most recently Krugman called such advocates “debt moralizers,” implicitly drawing the connection between austerity measures and “puritanical” virtues like thrift. In this Krugman follows in the spirit of Nathaniel Hawthorne, who indeed has much to answer for in forming the popular, and mistaken, understanding of the Puritans and joyless, dour, and rigid.

But the joke is, of course, that in denouncing the “debt moralizers” Krugman is himself “moralizing.” It just so happens that instead of moralizing against wanton debt and deficit spending, he is moralizing monsense “puritanical” wisdom. He is moralizing against those who dare to think that government bureaucrats and the public intelligentsia aren’t fit to rule the political economy by virtue of their “expertise.”

Krugman’s message amounts to the view that the hoi polloi don’t really know what’s best for them, and it is up to the few enlightened planners of civilization to run things properly.

If I might be allowed to make another parison, in this Krugman is a bit like Shift, the Ape from The Last Battle, the concluding book of C. S. Lewis’ Chronicles of Narnia series. The book beings by describing the relationship between Shift the Ape and Puzzle the Donkey (or Ass), and although both would say they are friends, the nature of the friendship is rather suspect, for “from the way things went on you might have thought Puzzle was more like Shift’s servant than his friend.”

Indeed, it quickly es clear that Shift uses his superior way with words and quick wit to manipulate Puzzle into doing what he wants. All the while Shift reiterates the same message to Puzzle.

Puzzle plained, because he knew that Shift was far cleverer than himself and he thought it was very kind of Shift to be friends with him at all. And if ever Puzzle did try to argue about anything, Shift would always say, “Now Puzzle, I understand what needs to be done better than you. You know you’re not clever, Puzzle.” And Puzzle always said, “No, Shift. It’s quite true. I’m not clever.” Then he would sigh and do whatever Shift had said.

This all too often is the message from K Street (and Wall Street) to Main Street: We understand what needs to be done better than you. On the heels of yesterday’s election, it is up to the new legislators not to simply sigh on behalf of their constituents and go along with the way things always go inside the Beltway.

As I argue in mentary, contrary to Krugman, we ought to think of the ‘A’ for austerity not as a scarlet letter but rather as a red badge of political courage.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Continuing to Remember the Poor
All they asked was that we should continue to remember the poor, the very thing I had been eager to do all along. Galatians 2:10 NIV This video is part of an extended interview with Rev. Dr. John Dickson (Director, Centre for Public Christianity and Senior Research Fellow, Department of Ancient History, Macquarie University) for The Faith Effect, a project of World Vision Australia. (HT: Justin Taylor) Update: I should also add that a useful collection of primary texts on...
Slum Dwellers in India Save for Private Schooling
As Michelle Kaffenberger points out, parents in the poorest parts of India share a concern of many Americans: Their children don’t actually learn much in the public schools. A recentEconomistarticle states that between a quarter and a third of school children in India attend private schools. In India’s cities, experts estimate as many as 85 percent of children attend private schools. According toanother report, 73 percent of families in Hyderabad’s slum areas send their children to private schools. Additionally, private...
What Sam Spade Can Teach Social Entrepreneurs
The noir heroes like Sam Spade in “The Maltese Falcon” served as models for a generation of Americans, says David Brooks. The new generation of apolitical social entrepreneurs could learn from them too: . . .[T]he prevailing service religion underestimates the problem of disorder. Many of the activists talk as if the world can be healed if we could only insert more passion and resources into it. History is not kind to this assumption. Most poverty and suffering — whether...
U.S. Appeals Court Opinion Criticizes Supreme Court Precedents That Undermine Economic Freedom
Legal scholar Orin Kerr provides excerpts from the concurring opinion today in Hettinga v. United States, in which Judge Janice Rogers Brown (joined by Judge Sentelle) argues that the Supreme Court should overturn its rational basis caselaw in the economic area and return to a Lochner-era regime of judicial scrutiny for economic regulations: The practical effect of rational basis review of economic regulation is the absence of any check on the group interests that all too often control the democratic...
The Paradox of Public Education
Schools are controlled by the government, but they serve munities with niche needs, says Paul T. Hill, founder of the Center on Reinventing Public Education. Is there a way that education be publicly funded but privately managed? Public education struggles with two conflicting facts. First, public schools are small craft organizations that require close teamwork and constant adaptation to the unpredictable development of students. Second, they are government agencies always subject to constraints imposed through politics and legal processes. In...
Catholic Bishops Defend Religious Liberty
The United States Conference of Catholic Bishops’ (USCCB) Ad Hoc Committee for Religious Liberty released an Easter week statement titled “Our First, Most Cherished Liberty.” The document outlines recent threats to religious liberty in the States and abroad while endorsing an ing “Fortnight for Freedom” to defend what it calls “the most cherished of American freedoms.” We suggest that the fourteen days from June 21—the vigil of the Feasts of St. John Fisher and St. Thomas More—to July 4, Independence...
For the tax-weary: a free e-book from Acton!
Since your wallets are probably a bit lighter due to Tax Day here in the United States, Acton wants to help out by giving you a free e-book: Globalization, Poverty and International Development. Just follow the link, Globalization, to get our monograph from Lord Brian Griffiths delivered free to your Kindle or e-reader. This offer is available beginning at 3 a.m. EST, 4/17/12 until 3 a.m. EST, 4/19/12. ...
Finding the Proper Balance Between Subsidiarity and Solidarity
Subsidiarity has es shorthand for smaller government, while solidarity is now shorthand for expansive government. But as Msgr. Charles Pope explains, there is more nuance to the terms than the reductionist slogans suggest: Precise meanings have been lost – The problem that has emerged is that Catholics, and others, have taken these terms into the political arena and, as might be expected, these rather careful and nuanced Catholic terms have been reduced more to slogans, and are fast losing their...
Samuel Gregg — Benedict XVI: God’s Revolutionary
The pope turns 85 today. On the website of Crisis Magazine, Acton Research Director Samuel Gregg looks at this most prominent of “status-quo challengers.” While regularly derided by his critics as “decrepit” and “out-of-touch,” Benedict XVI continues to do what he’s done since his election as pope seven years ago: which is to shake up not just the Catholic Church but also the world it’s called upon to evangelize. His means of doing so doesn’t involve “occupying” anything. Instead, it...
Can Anything Good Come from Hollywood?
How mon good and prosperity e from an unlikely place. An interview with Gary Stratton by Jon Hirst. Today we share an interview with Gary David Stratton, PhD, Chairman of the Christian Ministries Department at Bethel University, Teaching Pastor at Basileia Hollywood, Senior Editor at , and Director of the Hollywood Bezalel Initiative. You can follow Gary on Twitter @GaryDStratton. What happens when you mix Hollywood, the local church and academia? Few would imagine such a concoction, but that amazing...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved