Home
/
RELIGION & LIBERTY ONLINE
/
‘A’ for Austerity: The New Scarlet Letter
‘A’ for Austerity: The New Scarlet Letter
Dec 24, 2024 8:55 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
Understanding the Higher Ed Bubble
In addition to my post yesterday and other education related posts on the Powerblog (here, here, here, here, and here), I highly mend this analysis of the higher ed bubble from educationviews.org if anyone is interested in learning more. I would emphasize that this is not simply an economic problem but a moral one. We cannot in good conscience continue to promote higher education to our youth while its quality continues to diminish and its price continues to rise. To...
Why Robert Sirico Moved to the Right—and Jane Fonda Didn’t
RealClearReligion’s Nicholas G. Hahn III recently talked to Acton President Fr. Robert Sirico about Obama, Marx, and Jane Fonda: RCR: Why didn’t Jane Fonda and others in your generation follow you to the Right? Robert Sirico: There are a lot of them that are not Leftist anymore. I know a lot of people in my generation who were at those things and are much more conservative today — not quite philosophically, but certainly wouldn’t identify with the Left. Now, why...
My Mind in God’s Hands
“The darkening of sin obstructs the acquisition not of the knowledge of the details but knowledge in its more exalted and nobler sense.” (Abraham Kuyper, Wisdom & Wonder Pg. 56) Each of us is detail-oriented in our own way. Some remember dates and numbers with amazing accuracy. Others remember relational information from conversations they had two weeks ago. Still others have a knack for remembering trivia of all sorts. But sadly much of our memory focuses on things that are...
Samuel Gregg: The Profoundly anti-Keynesian Political Economy of Wilhelm Röpke
Acton Research Director Samuel Gregg is featured on the July 29 episode of Liberty Law Talk. The conversation, which focuses on the too-often forgotten free-market economics of Wilhelm Röpke, can be downloaded online at the Library of Law and Liberty website. Gregg has written extensively on Röpke in the past and the conversation meets expectations as enlightening and thought-provoking. Be sure to check it out. ...
The High Cost of Conscience
The Obama administration’s controversial contraception-abortifacient mandate goes into effect yesterday, creating a difficult choice for pro-life business owners. If employers don’t change their plans, they will be hit with fines of up to $100 per employee per day. But if they stop providing health coverage, employers with more than 50 employees could be hit with an alternative fine of $2,000 per employee per year. As the Heritage Foundation has noted, for panies, the level of these fines would mean going...
Acton Commentary: Challenging Liberals on Economic Immobility
In today’s Acton Commentary (published August 1) Samuel Gregg writes that “one shouldn’t forget just how central the endless pursuit of ever-greater economic equality is to the modern Left’s very identity. In fact, without it, the modern Left would have little to its agenda other than the promotion of lifestyle libertarianism and other socially destructive ends.”The full text of his essay follows. Subscribe to the free, weekly Acton News & Commentary and other publicationshere. Challenging Liberals on Economic Immobility bySamuel...
The Nanny State Wants You To Breastfeed
Mayor Mike Bloomberg is beginning to take his self-appointed role as Nanny-in-Chief of New York a bit too literally: Mayor Bloomberg is pushing hospitals to hide their baby formula behind locked doors so more new mothers will breast-feed. Starting Sept. 3, the city will keep tabs on the number of bottles that participating hospitals stock and use — the most restrictive pro-breast-milk program in the nation. Under the city Health Department’s voluntary Latch On NYC initiative, 27 of the city’s...
HHS Mandate Round-up
The Obamacare HHS provision went into effect yesterday. Here is a round-up of posts with reaction to that. The Day After the HHS Mandate Kicked In Kathryn Jean Lopez, National Review Online Kolesar is a part owner of this family business established in 1961. The family is Catholic and considers the HHS contraception, sterilization, and abortion-inducing-drug “Preventative Services” mandate — which the White House has introduced as part of its health-care law — a clash with conscience. “We only ask...
Chick-fil-A and Free Exchange
Former governor, pastor, and presidential candidate (and current radio host) Mike Huckabee has been a primary driving force in turning today, August 1, into an ad hoc appreciation day for the fast pany Chick-fil-A. Huckabee’s activism in support of the “Eat Mor Chikin” establishments was occasioned by criticism leveled against pany’s support for traditional “family values,” including promotion of traditional marriage. Chick-fil-A president Dan Cathy said, “We are very much supportive of the family — the biblical definition of the...
Two Steps Forward for GR Public…. One Step Back for MI?
In yesterday’s Grand Rapids Press (and appearing at on Monday), Monica Scott reports on the tenure reform bill signed by Michigan Gov. Rick Snyder last year and set to take effect in the 2013-2014 school year: Last year, Gov. Rick Snyder signed a tenure reform bill pletely overhauled teacher performance evaluations, tying teachers’ grades to student achievement. But teachers and union leaders locally and across the state have said they think it’s unfair to be held accountable for the performance...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved