And here is why Krugman is so laughably ridiculous:
But my view is that what you say about policy at any given time should be based on some kind of model — and furthermore, you should be willing to apply the same model to other situations, not make it a one-off used to justify what you happen to favor right now.
followed by:
My writing on policy in this crisis has been based on the same model of macroeconomic policy I use in normal times; it’s just that the situation is different.
What a fvcking moron.
Hey Paul? What is "consistent" about you changing the rules - only for yourself - when YOU say the "situation is different"?
So, you can admit that YOU "make it up," to get you YOUR desired result, but everyone else is held to some other standard?
Hypocrite imbecile.
How about this? Rajan's innovative thinking is for
YOUR "different situation."
"a lot of the people who want monetary tightening start from a prejudice and then look for some arguments to back up that prejudice. And that’s no way to do economics."
...unless they are doing that in order to back into an argument that I happen to like..."Several of the comments to his blog already pointed out this overt, blatant hypocritical slide.
You've got to be pretty short on your own ability to think critically if you can keep reading tripe like that - and not ask yourself: "Hmmmm.... Is Mr. Krugman REALLY being consistent here? Should I think about this a bit more?"
Just swallow it all, like it's some type of Gospel, and not the agenda-driven propaganda piece it is (and he's actually labeled it).
Whatever...