NP - Toryism (Austerity) Isn't Working.

[alice wellintown]

OK, Right. But Ben and Krug are econ dpt. profs, the latter kind.

However, it is Krug, in his position as journalist, that is marching
to and banging the editorial drum.

Ben, in his position as Fed Chair, is ignoring the Biz-School
editorials and responding to Krug, even as Krug accuses him of  giving
in to the WSJ & Co.

I suspect that we've head the last from Ben on this because Krug is
getting more and more absurd with his attacks.

The two academics disagree. that is healthy and normal. But one sets
fed Policy and the other, despite his academic credentials, is a
journalist.