Some are warning us not to take Krugman’s every word as Gospel.
He’s getting to be one of those people whose every statement is treated as oracular. Which I tend to take as a dangerous sign.
For my money (and isnt’ that what it’s all about these days?) I’m going to follow what Krugman has to say very closely – but only pseudo-religiously. I might make a graven image of Krugman, but I promise not to worship it.