Fireworks

A battle has erupted between conservatives and progressives and Krugman is basking in glory. An academic paper widely cited by conservatives and the mainstream press that claimed high debt leads to lower growth (which directly contradicts the solutions Krugman puts forth) is getting a lot of bad press for errors. Previously he has written about issues with the paper so now that it is getting slammed he is doing a victory lap. There was an even a news article in the WSJ citing the controversy.