Wednesday, December 12, 2012

More of the Krugman Follies

Mea culpa.

Yeah and Americans were slow to grasp that perhaps the stories of WMD in Iraq were perhaps a tad overblown. Since if the economic problem is more "skills shortage" than "opportunity shortage" it is fixable by relatively easy means, it was an easy narrative to fall into, despite the small problem that it was totally wrong. Now that the crisis has passed and nothing can be done Krugman and Bernstein – another reliable idiot – are starting to admit, it is structural and it is based on the flow of money up to the top.

The most reliably good move for a liberal pundit, is to be a useful idiot for some reactionary idea.

(h/t Matt Stoller)