Krugman is a Nobel Prize-winning economist.
All you need to know about the Nobel Prize...
Yeah, the Nobel Prize would be a good tool to scrape the crap off my shoe.
Using Krugman’s logic (oxymoron), the Bush era Tax Rate Cuts would have resulted in Federal Tax Revenues dropping by 35% instead of INCREASING by 35%.
Interesting that you should mention Nobel Prizes—my wife and I had that same discussion today. We noted the unworthies that recently have received Nobel prizes of various sorts: Krugman, Arafat, Zerobama, Al Gore, the IPCC, the EEU, Jimmy Carter, Kofi Annan, the UN. The peace prize in particular has no meaning any more.