KRUGMAN: David Stockman Is Just A Cranky Old Man

Paul Krugman Joe Scarborough

Earlier we wrote about how David Stockman has a huge unhinged screed in today’s NYT about how the US is doomed because of debt, money printing, and crony capitalism.

The piece is almost undebunkable because it’s so big and unwieldy and, frankly, because it doesn’t really try to make a coherent argument.

We were curious if Krugman was going to take on the piece, since it appeared in his own paper.

Alas he has delivered in a short, brutal post titled Cranky Old Men.

It’s cranky old man stuff, the kind of thing you get from people who read Investors Business Daily, listen to Rush Limbaugh, and maybe, if they’re unusually teched up, get investment advice from Zero Hedge.


This is really the essence of it. There are a bunch of scared old guys who can only remember the dangers of inflation, and who lap up content about how doomed the world is, and love hearing how dumb powerful people are. That’s who all of these folks pander to.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at