"I have respect for Michelle Bachmann." |
Ryan Avent @ The Economist catches former Minnesota Governor Tim Pawlenty - one of those GOP candidates deemed "serious" by pundits - issuing a pronouncement based on "thoroughly discredited fringe beliefs." What Avent dubs his "strange ideas" indicates TeePaw apparently doesn't have any more of a clue about economic policy than that other noisesome GOP 2012 hopeful & Tea Party icon Michelle Bachmann, whose whacky screeds suggest she's the insistent voice of Loony Toons Town in our public discourse.
The Economist's Avent:
The Economist's Avent:
TIM PAWLENTY, former Minnesota governor and potential Republican presidential candidate, has thoughts on money:
The former Minnesota governor said the administration has devalued the dollar by injecting "fiat money" into the economy. Former Minnesota Gov. Tim Pawlenty (R) predicted Tuesday that the U.S. will face a double-dip recession that could last all the way until the 2012 elections. The likely presidential candidate said the government, under President Obama, has devalued the dollar by injecting "fiat money" into the economy in an attempt to boost it — a plan he said will be damaging in the long-run.
This is unfortunate. Let's review the reasons why: