Krugman On Faulty Economic Commentary

Here’s Krugman on malfeasance in economic commentary, after citing examples from the WSJ in 2009 and again today:

But here’s the thing: it wasn’t just the WSJ. Pundits, Very Serious Politicians, and more have spent the past two years plus doing everything they can to make the deficit the center of public discourse, to focus all our fears on the attack by bond vigilantes that was supposedly just over the horizon.

And now it turns out that what really terrifies the markets, let alone the suffering unemployed, is the prospect of a second Great Depression — a prospect that has become much more likely thanks to the utter wrongness of elite policy priorities.

Shorter Krugman: “I see Debt People!”


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  • ellroon  On Thursday August 11, 2011 at 3:50 pm

    Excellent pun there, mister!

    • Steve  On Thursday August 11, 2011 at 5:49 pm

      Krugman provided an excellent opportunity, ellroon!

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