Nobel Prize-winning economist Paul Krugman is a bright guy and he’s done some good academic work. But when it comes to political commentary, he’s both ignorant and arrogant. His latest New York Times column is an example of both.
Krugman called himself a liberal, by which he means that he’s solidly part of the “progressive movement.” These folks have a deep belief in using government to fix the things they see wrong in the world. I understand their theory. I understand their motivation. I just think they’re wrong. I wouldn’t care about them holding an opinion different from mine if they didn’t assert the moral right to control other people — including me.
In his latest column, Krugman talks about the current debt ceiling “crisis.” (I put the word in quotes because I don’t see it as a crisis, even though most others seem to.) He doesn’t see it as a disagreement between two sides with opposing opinions. Instead, he sees it as a battle between crazy people who want to cut the budget and the centrist Democrats who have been willing to do everything reasonable to prevent a crisis. He even calls Barack Obama a “moderate conservative.” (Yes, seriously.)