Paul Krugman seems to be losing his mental capacity at an especially rapid rate these days. His latest idiotic remark is that the reason the Fed is “doing nothing” about unemployment ( He’s wrong: The Fed has CREATED plenty of unemployment) is that Ron Paul is the chairman of the House Financial Services Committee.This is a theme among the more rabid Fed defenders — that criticisms of the Fed by people like Ron Paul actually created the “Great Recession” by somehow restraining the central planning powers of the Fed. Krugman sounds not only silly but hypocritical as well. Ron Paul’s first … Continue reading The Hypocrite Krugman on Ron Paul and Unemployment