Our Common Good

On Tuesday, Joe Kernan, host of the the CNBC show “Squawk Box” called Nobel laureate and New York Times columnist Paul Krugman and co-director of the Center for Economic and Policy Research (CEPR) Dean Baker “co-communists.”

Attacking Huffington Post piece debunking claims Burnett made about Federal Reserve policy, Kernan said, “They quoted Paul Krugman and this other idiot, Dean Baker, who’s some guy, I don’t even know who he is, he always writes for The Huffington Post. Basically co-communists in a lot of different economic circles.”

On Friday, Burnett said on her CNN show “Out Front” that the Federal Reserve has made items like food and gasoline more expensive through quantitative easing (QE), a controversial financial policy maneuver in which a large central bank (the Federal Reserve in the U.S.) makes strategic purchases of assets from other banks in order to inject capital into the economy.