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Apr 19, 2013

Gloating

More basking in glory from Krugman on the debunking of the paper that linked high debt to low growth.  Krugman even makes it the subject of his Friday column.  He is really upset that policy makers took the paper as gospel to change focus from trying to stimulate the economy to reducing debt.  Krugman feels that this directly lead to years more of suffering by the unemployed.  He has special ire for the Washington Post who claimed the paper represented the mainstream view of economists  even though Krugman says this was plainly not true. The WSJ even has a 2nd article this week on how the paper has been shown to be flawed.  And now more gloating that he just reached 1M followers on Twitter…  Good to be Krugman this past week…

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