As the issue of monetary policy reform discussions surface in the current Congress, the statist Progressive pro- Keynesian elitist shill Paul Krugman tends to his sheeple-herding duties. Brought to you by the NY Times, of course.

Wednesday’s hearings aren’t likely to have any immediate effect on monetary policy. But they offer a revealing — and appalling — look at the mind-set of one of our two major political parties. We’ve always known that the modern G.O.P. wants to take America back to the way it was before the New Deal; but now it’s clear that the party wants to build a bridge to the 19th century, and maybe even to the antebellum era. Backward, march!