Economics & The Economy
Round 2 in the Krugman – Chait – Binder vs. Scarborogh kerfuffle.
- Meanwhile, From Alan Blinder – NYTimes.com
- Opinion: Morning Joe’s accuracy deficit – Alan S. Blinder – POLITICO.com
…When Scarborough speaks, people listen. So controversy quickly erupted in the blogosphere. In POLITICO on February 15th, Scarborough invoked me as being on his side of the debate — which was news to me. While there are nuances of difference between my views on the budget issue and Krugman’s, and notable differences in rhetorical style, our positions are broadly similar. I’m probably a tad more hawkish than my colleague, but there’s not much distance showing between us.
So why had Scarborough declared me a deficit hawk?, I wondered when someone informed me of the alleged schism within the Princeton economics department. Here’s the answer.
In my new book, “After the Music Stopped” (Penguin Press, 2013), which was published a few days before the Scarborough-Krugman debate, I argued that there is not just one, but actually three distinct deficit problems, each with its own solution…
…I don’t blog, so the purpose of this missive is simple: Can we please end the mini-debate right here? While there may be some small differences between Krugman’s position on reducing the deficit and my own, they are pretty small. Had I been on “Morning Joe” that day, the debate surely would have been two against four, not one against four. Furthermore, Krugman and I are not occupying some obscure corner of the policy debate, where only weirdos live. A large number of economists are on our side. Others, of course, are closer to the Scarborough camp.
Read more: http://www.politico.com/story/2013/03/morning-joes-accuracy-deficit-88376_Page2.html#ixzz2MhDaoMZ8
- Urk, Charlie Rose Edition – NYTimes.com
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- Krugman, Scarborough spar on Charlie Rose – POLITICO.com
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