When he got his column, I was happy that an economist, even a Keyensian, had a national column in a widely read paper. Thought it would be good for the branch of study, and good for the NYT readership.
Of course, now even some Keyensians are embarrassed by him.
The NY Times and Paul Krugman -- two irrelevancies due to their pathetic knee-jerk leftist perspective. "Accounting is black-or-white"... yeah, just like the tax-code, right?
I wonder if Krugman thinks perjury is black-or-white, yes-or-no... Lying to a grand jury? Lying to the American people (violating one's oath of office)? Black-or-white?
Situational ethics is the hallmark of the Clinton era -- it will take years to cleanse the country of its effects.