Liberal Media and Socialized Junk Economics

From Human Events---On October 9th , NPR’s Robert Siegel interviewed Stephen Colbert. The discussion was both entertaining and ironic. Colbert mentioned that he reads the NY Times because he wants to know what “the enemy” is doing. He made a humorous, polite and salient comment that NPR demonstrates a liberal bias, including from Siegel.

What was ironic was how quickly Colbert was proven right in Siegel’s interview of Paul Krugman, a liberal love fest of junk economics and revisionist political history. As Daniel Patrick Moynihan said, “You are entitled to your opinion, but you’re not entitled to your own facts.”Krugman made the socialist argument that the country’s “progress” would be enhanced if “the gains from trade were more equally distributed”. It should be stunning that someone who is theoretically a trained economist can be so wrong so consistently, but we have to remember this is the New York Times. They’re not in the news business: they’re in the political activist business.