Sunday, April 29, 2012
This week in MarketWatch: Ben Bernanke vs. Paul Krugman—dueling economists!
Nobel Prize-winning economist, Princeton professor and New York Times columnist Paul Krugman takes on his former boss when he addresses “the Bernanke Conundrum” in his NYT Magazine piece, “Earth to Bernanke.”
Bernanke responds, “there's this view circulating that the views I expressed about 15 years ago on the Bank of Japan are somehow inconsistent with our current policies. That is absolutely incorrect. My views and our policies today are completely consistent with the views that I held at that time.”
And Krugman replies, “Ben Bernanke has been assimilated by the Fed Borg.”