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" ... Krugman's weakness as a political theorist is on full display here. Stripped of its partisan contempt, his thesis is intriguing: unless you're a powerful businessperson or a committed religious conservative, the GOP really isn't organized around sustaining your political support. But Krugman doesn't do the historical analysis that would make this more than a cheap slam. If he did, he might explain that the Republican party was formed around an always-uneasy alliance between Whig prosperity-mongers and Free Soil puritans. He would accept that "opposition to slavery," operating within the historical structure of Republican categories of thought, plays just about an identical role as contemporary opposition to, say, abortion. ... "
" ... “Easy money” is a popular concept on the right. Particularly among the puritans in our midst. The phrase is used to explain away success. While President Obama said “you didn’t build that,” the frequently frowning puritans unwittingly mimic the former president with their stock answer to so much: “easy money” did it. It’s “you didn’t build that,” right wing edition. But it’s more nonsensical than “you didn’t build that.” Figure that Obama quickly walked back a poor choice of words, while the austere find “easy money” everywhere. Real entrepreneurs who've built businesses from the ground up must read about "easy money" with puzzled looks on their faces. In the world of actual commerce, money is always and everywhere scarce. That's why investment bankers are paid so well. ... "