An important story continues: In this morning’s column, Paul Krugman continues a very important story—an important story which won’t gain traction, except in his own persistent reports.
Krugman continues to tell a meta-story—a story which can’t be folded within the existing frameworks of the establishment press. Krugman is telling a very big story.
Trust us. No one else will:
KRUGMAN (1/30/12): Haven’t we learned a lot about economic management over the last 80 years? Yes, we have—but in Britain and elsewhere, the policy elite decided to throw that hard-won knowledge out the window, and rely on ideologically convenient wishful thinking instead.Krugman has told this story again and again. Trust us—it won’t gain traction.
What is Krugman’s meta-story? The gods don’t know what they’re doing! More simply put, the planet’s elites are ignoring the most elementary, hard-won knowledge about the way economies work.
This story flies in the face of our most basic ideas. Within mainstream frameworks, it can’t be true that our elites could be so deluded. And because Krugman’s story can’t be true, Krugman’s story won’t be discussed. Denial moves it off the stage. It’s a version of a jutifiably famous tale: The emperor’s new clothes.
The emperor’s new clothes may be the most insightful tale in the western arsenal. It defines the way the human mind refuses to see what stands right before it, if the obvious truth doesn’t comport with basic essential belief. In Anderson’s tale, it couldn’t be true that the emperor was so foolish as to parade around without clothes.
In the modern equivalent, it can’t be true that the Aspen crowd has walked away from the most elementary knowledge.
Krugman keeps writing this meta-report. It won’t be mentioned anywhere else. Everyone will glance away.
Darlings! This just isn’t said!