Krugman vs. Krugman

[alice wellintown]

In the Bots and Barons editorial Krug sunk to a new low as he put on
the scarlet class war robe of normative economics, calling up Marx
from his grave in the haunted yard of command economic tragedies,
whilst his invisible hand, up there in the upper wings of the theater,
parading a puppet show of robber barons and robots, fooled no one not
taken in by shadows on the wall.

Krugman the journalist, like TRP, author of Inherent Vice--a book for
beach readers, is hawking his books to a public of financial
illiterates and is now at risk of making himself a puppet in his own
show. A mouthpiece that spews normative political economics and
ignores the facts. The facts, as Ronald Ray-Gun said, as Mr.
Gradgrind, a figure form the Dickens novel Krug suggests we all go
live in,  instructed, are in the numbers revised and revisited...and
so....

as Ben Bernanke, who saw no inflation but the risk of deflation long
before Krugman spouted out from his chair on cnbc with mad Ron Paul
readying a gallows for the gentle academic of Princeton, the Chairman
of the Fed, long before the idiot winds of congress and the wall
street boyz with Smithian club ties turned their rhetoric and put it
where the smart money has always been, in the bond market, long before
the so-called bond vigilantes put their portfolios of leverage and
derivatives back in their holsters, for a new sheriff of wall street,
not a Spitzer with his boxers on his wing tips, a Brazilian call girl
at his penis...no...only a soft spoken bearded Jewish man from the
halls of that august institution that Wilson once called
on...there....where Krugman sat, a young scholar under Ben, reading
those famous letters to FDR...there he is, an American Hero. Just ask
the European about Ben. How they would swap their German backed bonds
for a backbone like the one that hold tha gentle scholar, whose voice
cracks and whose hands shake when the powerful congress members spit
blood in his face, but he does not back down....

 Itz book selling and envy that has set Krugman against Krugman. He
makes a fine show, but Ben has the intestina fortitude, the
Grace...what Jews call, well....Balls.


http://en.wikipedia.org/wiki/Normative_economics