Paul Krugman's short takes from news of the past few days, including Niall Ferguson's

[CTyankee]

Last edited Sun May 5, 2013, 08:58 AM - Edit history (1)

"remarks" and"apology."

The good professor is too kind to be nasty, but lets the things speak for themselves:

http://krugman.blogs.nytimes.com/2013/05/04/the-gods-themselves-contend-in-vain/

[chervilant]

1. A big reason for my interest in

everything Paul Krugman says/writes about the economy is his erudite dissertation couched in explicable language. Too many people avoid OPs about matters economic because the subject is preached by vainglorious adherents to the hedonism of the corporate megalomaniacs -- as though they have a snowball's chance of moving into that stratosphere -- using jargon and obfuscation.

I wish this administration would listen to him...

[CTyankee]

2. on his blog page PK writes about what you are saying, only he is again too kind...

http://krugman.blogs.nytimes.com/2013/05/03/varieties-of-academic-temptation/

He says what he thinks about academics like Rogoff and Reinhart:

"So what happened here? My interpretation is that after writing a very good book, R-R dashed off a careless paper on debt and growth that was so much what the VSPs wanted to hear that it made them instant celebrities in a way they hadn’t been before — and they didn’t know how to say stop the merry-go-round, we want to think about this a bit harder. The temptation involved was one of fame and becoming a part of the alleged real world, not some crude mercenary consideration.

...Again, I’m not saying that crude flacks are absent from the scene. But the temptations that led people astray in these cases were subtler and sadder than that."

I think PK pities them more than condemns them...