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Krugman does some fine skewering here, showing how several pundits, instead of honestly backtracking on their anti-Keynesian positions, pretend they never held them in the first place.

But it raises the question–how did we get to the point that apparently smart, nationally known pundits think they can just say whatever they want, with nobody questioning them? That is always what I think when I read Glenn Greenwald, who does an even better job of pointing out the lazy justifications of our political class (in fact, that’s practically all he ever writes about).

I don’t have an answer for that. Was it always this way, and we are only now noticing it? Did our politicians and pundits used to have more of a sense of shame? I just don’t know.

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