Charlatans, Cranks, and Kansas

Paul Krugman for The New York Times

Kansas isn’t booming — in fact, its economy is lagging both neighboring states and America as a whole. Meanwhile, the state’s budget has plunged deep into deficit, provoking a Moody’s downgrade of its debt. The real lesson from Kansas is the enduring power of bad ideas, as long as those ideas serve the interests of the right people.

Read the entire editorial at The New York Times.

Do you like this post?