Paul Krugman Gets A Nobel Prize For CYA Writing

If you follow the debates in the media over economic policy, you well know who Paul Krugman is.  Krugman is a winner of the Nobel Prize in Economics for his specialized work in international trade.  He is also writes a column in the pages of the New York Times in which he supports any liberal policy that is being discussed.  Krugman told us during the election that Trump would be a disaster for the economy while Hillary Clinton would be a big success from an economic standpoint.  On election night, as Trump clinched victory, Krugman told the world that a "Trump recession" was both imminent and likely to be severe.

Now that a few days have passed, Krugman has realized that his call of an imminent and severe Trump recession might be very damaging to his reputation when it did not materialize as predicted.  That brought today's column.  Krugman now retracts his call for an immediate recession.  In fact, Krugman now says that Trump's policies are likely to bring economic growth in the short term (like the next 2 or 3 years.)  After that, we will all face disaster, especially at the hands of climate change.

It's amazing to watch an intelligent man make a fool of himself.  Krugman will now keep telling us how in the future Trump's policies will cause problems, but how for the present they may cause growth.  It's the ultimate in CYA writing.  Maybe Krugman can get a new Nobel for best CYA writing by an obvious jerk.