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You know how conservatives don’t really care much about the deficit when a Republican is president, but it becomes something close to Armageddon-in-waiting whenever a Democrat is in the White House? Yesterday Matt Yglesias pointed out that the same thing is true about conservative reaction to the value of the dollar: when it plummets for years at a time under Republicans, they don’t care. But when it so much as wobbles slightly for a few months under a Democrat, suddenly it’s a sign that we’ve lost our moral backbone and our place as leaders of the free world. This is illustrated in text form here and in handy chart form below. For some reason I felt the urge to redraw Matt’s version, but you can see the original here if you like.
