Krugman touched on this today and yesterday on his blog, but it's worth taking a closer look at. Ron Paul held hearings on monetary policy yesterday and his star witness was a crazy person.
Texas Rep. Ron Paul intended his first hearing as chair of a House subcommittee to showcase one of his complaints about the Federal Reserve – that central planning of the money supply makes unemployment worse, by creating booms that inevitably lead to recessions worse than would otherwise occur.
The hearing did do that. But that was overshadowed somewhat when Democrats noted that Paul's star witnesses, Thomas DiLorenzo, an economist at Loyola University in Baltimore, has called Abraham Lincoln a "dictator" and "mass murderer" – and has links to a neo-Confederate group called League of the South.
The League seeks a Southern breakaway nation led by "European-Americans."
The Southern Poverty Law Center has a dossier on the League of the South.
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