Bill Black: O’Donnell Thinks Krugman Is “A Lonely Voice Opposing Austerity” Because he Listens to MSNBC
Posted: 18 Mar 2013
Yves here. The reason the MSNBC depiction of austerity matters is that the channel increasingly serves as the messaging apparatus of the Democratic party.
By Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. Jointly posted with New Economic Perspectives
On March 18, 2013, Lawrence O’Donnell stated that John Boehner’s admission that the U.S. faces no current debt crisis vindicated Paul Krugman, who O’Donnell described as “a lonely voice opposing austerity.” It is true that Krugman has been a strong opponent of austerity and has been proven correct. It is also true that MSNBC has frequently portrayed Krugman as an isolated, virtually sole opponent of austerity.
I wrote about one…
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