economic history

Here's an interesting column about the current state of our economy. 

Finally, somebody is calling on the Fed to strengthen the dollar.
When Federal Reserve governors meet today, they should consider that solutions to their twin challenges – a flagging economy and systemic moral hazard in financial markets – have common roots in a stable dollar. One of the primordial lessons of economic history is that sound [...]

Capitalism has done more to lift more people out of poverty and destitution and into prosperity than every government program, religious faith, military endeavor, or other cause “greater than oneself” combined. In fact, the latter have probably amounted to a net negative when it comes to the betterment of humanity.

Rev Wright. McCarthyism.

What do those two things have in common?

The furor over Obama praising Reagan is reaching a fevered pitch, but the fight of the GOP to keep Reagan’s memory alive will go on for a long, long time. Today, Krugman weighs in, reminding progressives that the rethugs are still trying to “denounce FDR and the New Deal,” and that this furor of progressives is not some ill-defined temper tantrum.