We won, we did it! If you exclude the cost of food, energy, shelter, and used cars.

I’m glad people in general are making fun of Krugman for this ridiculous BS. The economist logic of, “If you exclude all that people need to live, we’ve conquered inflation” is just freakin’ inexplicable.

I wonder about that though. Does Krugman (and all the other econs — emphasis on “con” — who espouse that) know they are lying? Or do they really believe? I think some of them do know it’s all flimflam but I think a lot of them are deeply convinced of what they are spouting; against all right and reason, they truly do think that they are providing useful information free of bias.

And that is in many ways even scarier than if they were just deceiving us. You can convince a dishonest person to drop the deceit with the right incentives. But with a true believer there is no hope.