Counterintuitive ain’t what it used to be.
So what is it with New Republic alumni? First Michael Kinsley, then Charles Lane, weigh in with defenses of austerity that aren’t just wrong, but painfully ill-informed. Kinsley not only makes a really bad analogy between current events and the 1970s, he seems not to know anything about what happened in the 1970s either. Lane attacks stimulus advocates for failing to address an argument that I actually discussed, at length, in my last column but one.