View source for The Deflation Caucus/truthiness

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[[Category:Paul Krugman]]
[[Category:Ayn Rand]]
[[Category:Currency]]
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| text = Why do people on the right hate monetary expansion, even when it’s desperately needed?  One answer is the power of truthiness -- Stephen Colbert’s justly famed term for things that aren’t true, but feel true to some people. “The Fed is printing money, printing money leads to inflation, and inflation is always a bad thing” is a triply untrue statement, but it feels true to a lot of people. And, yes, a tendency to prefer truthiness to more complicated truth is and pretty much always has been associated with political conservatism, and this tendency is especially strong in an era when leading politicians get their monetary theory from Ayn Rand novels.
| cite = [[Paul Krugman]], "[http://www.nytimes.com/2014/09/05/opinion/paul-krugman-the-deflation-caucus.html The Deflation Caucus]"
}}