LRC readers may recall that Congressman Lacy Clay (D-Banksters) lied through his teeth at Ron Paul’s first Fed hearing and said that I “worked for” the League of the South (among other lies), and then denounced me for “working for” a “hate group.” He denounced Austrian economics for relying on deductive logic, and then lied further about my resume. (If you look at the “League’s” Web site, what it hates is big, out-of-control government). He said not one word about my prepared testimony regarding how the Fed creates unemployment by generating boom-and-bust cycles. “I have no questions for you,” he … Continue reading Paul Krugman, Hypocrite