Monetary policy is treasonous, according to a Republican candidate expected to do fairly well at this point. It's going to be interesting to see what bloggers I follow approve of/cheer this. It makes me wonder why I waste any time with people that think like this (which is of course not to say that all Austrians/libertarians do). You can only argue with ideologues for so long - then it's time to focus on other things. Most of the people that are attracted to this sort of thing (and talk of tyrants/statists/central planners/fascists/traitors, etc.) do it because it's anti-establishment and counter-cultural. It's worth confronting because these narratives can put people like Rick Perry, Ron Paul, or Michelle Bachmann in power (maybe not during a normal election, but during a very tough time like this) that actually believe this and would be very bad for the country.
Andrew Sullivan says talk like this disqualifies someone from being president. I agree. The scary thing is I could see everyone in the field except for Huntsman and Romney saying something like this.
Comparative advantage: a partial truth
2 hours ago