What Richard Hofstadter called the paranoid style in American politics is no longer a fringe phenomenon: Bizarre conspiracy theories are now mainstream on the American right.
And one manifestation of this paranoia is the persistent dismissal of positive economic data as fake when a Democrat occupies the White House.
With inflation falling rapidly over the past year, we’ve seen some resurgence of inflation trutherism.
Now, there are some sociological differences between the old inflation truthers and the new recession truthers.
The former group tended to be old-school reactionaries still pining for a return to the gold standard.
Persons:
Richard Hofstadter, ”, we’ve, Biden
Organizations:
Democrat, bros