The New York Times
on the creed
of David Brat, the economic theologian and resume inflationist
who defeated Eric Cantor on Tuesday:
Mr. Brat’s academic work has drawn particular interest because he is seen as the odds-on favorite in a heavily Republican district. Religious ethics rarely enter into mainstream economic theory, but they are topics that Mr. Brat, who describes himself in his writing as a Calvinist, has turned to repeatedly.
For example, Brat wrote:
“If we make all of the people good, markets will be good. If markets are bad, which they are, that means people are bad, which they are. Want good markets? Change the people.”
Genius, right? Or, as University of Michigan economics professor Justin Wolfers aptly says:
“This dude just really wants us all to go to church, and that appears to be his economic policy conclusion.”
Fair enough, but in Brat's defense, it's not like Eric Cantor had a better plan.