Monday, March 06, 2006

Paul Krugman as analyst

One does not have to look hard to find a negative comment about George Bush in the writings of Paul Krugman. But as liCafe Hayekpointed out today Krugman is a bit inconsistent on his thoughts. In an essay in Slate in 1997 he said the following:

"my correspondents are not entitled to their self-righteousness.They have not thought the matter through. And when the hopes of hundreds of millions are at stake, thinking things through is not just good intellectual practice. It is a moral duty. " He had spent the article suggesting that the net benefits of globalization for the workers in the out sourced countries were undeniable - even if they did not meet US standards.

Yet, today Krugman thinks at least conflicted about globalization. Is it a coincidence that the administration has changed and he has changed his views or is this simply one of those unexplained events?

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