The Wrong Worries

Some fun 'Krugmanisms' in this one -- we are told inflation is not a worry, and the Fed should (somehow) do more to create jobs (bring interest rates from .25% to .01%??? What, Paul? More QE???) And there's even a dig at Ron Paul...

``Nor should we let Ben Bernanke and his colleagues off the hook: The Fed has by no means done all it could, partly because it was more concerned with hypothetical inflation than with real unemployment, partly because it let itself be intimidated by the Ron Paul types. ''

Oooh, zing. Hey I have an idea Krugman might like -- how about the Fed just tear up all those Treasurys it bought during QE!! Oh wait, that was Ron Paul's idea, so Krugman couldn't possibly agree. But that would be the Fed "doing more"!! But it can't be good if Ron Paul is suggesting it!! Argh!! (If Krugman is reading this, you can safely assume his brain has melted out his ears by now...)