'Zombie' Economics Have Eaten Rubio's Brains

Paul Krugman thinks Republicans need to stop peddling discredited ideas

By Kevin Spak,  Newser Staff

Posted Feb 15, 2013 10:44 AM CST

(Newser) – Marco Rubio is undoubtedly a rising political star—heck, TIME anointed him the "Republican Savior" on a recent cover. "What we learned Tuesday, however, was that zombie economic ideas have eaten his brain," writes Paul Krugman in the New York Times. A "zombie idea" is Krugman's term for a theory that has been proven wrong, "but won't stay dead because it serves a political purpose, appeals to prejudices, or both."

So there was Rubio in his response to the State of the Union, arguing that "reckless government policies" caused the housing crisis—though government-sponsored lenders played virtually no role in the subprime boom—and that government borrowing "is one reason why many businesses aren't hiring"—even though our interest rates have remained low and countries that slashed spending during financial crises have seen unemployment spike. "Zombies 2, Reality 0," Krugman writes. Sure, Rubio's just echoing mainstream GOP thinking. "But that, of course, is what's so scary." Click for his full column.

Marco Rubio has some old, discredited economic ideas, Paul Krugman argues.   (AP Photo/J. Scott Applewhite)
In this frame grab from video, Florida Sen. Marco Rubio takes a sip of water during his Republican response to President Barack Obama's State of the Union address, Feb. 12, 2013, in Washington.   (AP Photo/Pool)
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