Home
/
RELIGION & LIBERTY ONLINE
/
‘A’ for Austerity: The New Scarlet Letter
‘A’ for Austerity: The New Scarlet Letter
Jan 16, 2026 6:29 AM

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
5 Minute Explainer: Competitive Federalism
Concepts you should know about explained in five minutes (or less). Leo Linbeck III, President and CEO of Aquinas Companies, provides an explanation petitive federalism and petition and governance relate in society. See also: 5 Minute Explainer: Subsidiarity ...
A Living Wage for a Living Tree?
The Ballors went with a live tree this year. We bought it at Flowerland and I do not know the name of the farm whence it came. Over at the American Conservative, Micah Mattix reflects on the Christmas tree market, which in his neck of the woods is “notoriously unstable.” In Ashe County, North Carolina, says Mattix, a dilemma faces the small tree farmer: “It is not sell or starve, but it is sell or go without a new septic...
Christmas by the Numbers
As the most widely observed cultural holiday in the world, Christmas is a time of produces many things — joy, happiness, gratitude, reverence. And numbers. Lots of peculiar, often large, numbers. Here are a few to contemplate this season: $34.87 – Average amount U.S. consumers spent on real Christmas trees. 33,000,000 – Number of real Christmas trees sold in the U.S. each year. 7 – Average growing time in years for a Christmas tree. $70.55 – Average amount U.S. consumers...
Civilization: A Christmas Miracle!
In my mentary this week, “Gratification and Civilization,” I examine the connection between making your kids wait until Christmas morning to open their presents and the development of civilization. Self-denial and self-sacrifice form the basis of human life together. As Matthew Cochran puts it in a piece last week at The Federalist, “Civilization depends on the tendency of men to produce more than they consume for themselves.” A key factor of driving forward the development of civilization, then, is the...
O Tannenbaum and Fair Trade
A couple of further points in reply to Micah Mattix’s response on buying Christmas trees, based on his original post here. 1) I think Mattix’s characterization of the buyer as “selfish” goes a bit too far, and is not an accurate characterization of a good deal of market activity. “Self-interested” would be more accurate, and would allow for selfish actors, but would also allow more generally for benevolent actors. For instance, a nun who runs an orphanage has decided that...
Alms and Homage
In my Acton Commentary today, “The Great Exchange of the Magi,” I reflect on the fact that, due to the material poverty of the holy family, the gifts of the magi can be considered alms in addition to homage: The magi set forth an example of the heart that all of us need to have when es to stewardship of our material blessings. They knew their own poverty of spirit, and gladly gave the riches of this life for the...
The Fountainhead of Bedford Falls
[Note: A version of this article ran last year around Christmastime. I’m posting it again because I love talking about Frank Capra and everyone else seems to love talking about Ayn Rand.] Frank Capra and Ayn Rand are two names not often mentioned together. Yet the cheery director of Capra-corn and the dour novelist who created Objectivism have more mon than you might imagine. Both were immigrants who made their names in Hollywood. Both were screenwriters and employees of the...
‘60,000 Kids:’ Department of Homeland Security In The Human Trafficking Business?
Judge Andrew S. Hanen, a federal district judge in Brownsville, Texas, is accusing the Obama administration’s Department of Homeland Security of plicit in human trafficking from Mexico. Here is what appears to be happening: a parent pays a “coyote” or smuggler in Mexico to bring the parent’s child from Mexico to the United States, illegally. Typically, these coyotes are smuggling drugs as well. When DHS captures the coyotes, they will then often “deliver” the smuggled child to the parent, despite...
ICCR’s 2013 Proxy Follies
As 2013 draws to a close, it’s time to inventory the year’s proxy resolutions introduced by the Interfaith Center on Corporate Responsibility. ICCR, a group purportedly acting on religious principles and faith, is actually nothing more than a shareholder activist group engaged in the advancement of leftist causes at the expense of their fellow shareholders and the world’s poorest. ICCR recently released its 2013 Annual Report. Its “2013 Proxy Season Recap” (pp. 16, 17) presents a snapshot of initiatives ICCR...
Power Tends to Corrupt Theologians Too
John Howard Yoder Photo Credit: New York Times Today at Ethika Politika, in my essay “Prefacing Yoder: On Preaching and Practice,” I look at the recent decision of MennoMedia to preface all of Mennonite theologian John Howard Yoder’s works with a disclaimer about his legacy of sexually abusive behavior: Whatever one thinks of MennoMedia’s new policy or Yoder’s theology in particular (being Orthodox and not a pacifist I am relatively uninterested myself), this nevertheless raises an interesting concern: To what...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved