Well, I was hoping for a thoughtful email from an expert, but instead I got a typically intemperate blog post from Bruce Bartlett. Bruce, I’m not trying to turn the United States into Zimbabwe. That would be the guy in the White House, whom you seem surprisingly anxious to defend.
Ah, yes, Obama is trying to create Zimbabwean levels of inflation and collapse, a year after inheriting a massive debt, trillions in unfunded Bush-created liabilities, and a recession deeper than anything in decades.
When Bush was in the White House, all Reynolds was interested in was cutting pork to "balance" the budget. Bartlett updates:
Mark Thoma thinks I am taking Reynolds too seriously. He's probably right that Reynolds himself was not serious in his suggestion. But I have heard the same idea advanced seriously on numerous occasions among conservatives.
As a longtime readers of this partisan hack, let me merely advise anyone: whatever you do, don't take Glenn Reynolds too seriously.