Monday, October 25, 2010

Will someone please shut Krugman up

Leave it to the British (and Slate, here in the US) for bold and punny headlines.  In this case, a bold headline at the Daily Telegraph that says it all!  Really, I have borrowed the title for this post from there ...

Even before I get to the content, I could not understand why there is no question mark at the end of the headline :)

About the content itself, it is a squabble over the Lib-Con government's recent decision in favor of massive budget reductions.  Cameron is doubling down on a gamble that such reductions during this feeble recovery will actually do Britain good.  Krugman blasts that in his column and, hence, the response from Daily Telegraph, which is typically right of the political/economic center.

I suppose we will know in five years whose policy decisions turn out to be the correct ones.

As far as I am concerned, I yet again wonder if Krugman is diluting his value by pontificating a tad too much.  Even if Krugman is always correct, it might become like the nerdy guy in the class who always puts his hand up and provides the correct answer while the rest of the class begin to hate him for being so smart :) 

So, from a PR perspective, if not for the sake of content, perhaps Professor Krugman ought to chill for a while?

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