Krugman of course is one of the world's foremost experts on financial crisis. He is arguably the only economist who accurately predicted both the South East Asian currency crisis and the one in Argentina. He could have made money big time in both cases.
Here is the thing. When he comments on US national politics in NYT, it is likely that White House pays no attention. But when Krugman talks of international trade or financial crisis, everyone pays attention. I read a comment someone made in Brad Delong's a few weeks back on the same subject which accurately sums up what I feel: that the US treasury dept may not acknowledge it publicly, but everyone takes what he says on this particular subject very seriously.
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|---|---|
| 2003 | 2 |
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