Public intellectual Paul Krugman recently consigned to Hell, in a New York Times op-ed column entitled A Permanent Slump, the world economy.
[W]hat if the world we’ve been living in for the past five years is the new normal? What if depression-like conditions are on track to persist, not for another year or two, but for decades?
Yes. What if?
And what if Paul Krugman is one of the chief architects of these depression-like conditions?
As this columnist recently wrote, about Professor Niall Ferguson’s dismissal of Prof. Krugman from polite company, “Krugman’s horns now forever will show under his dislodged faux halo.”
Prof. Krugman? As Christopher Marlow so elegantly put it in Dr. Faustus,
Why, this is hell, nor am I out of it.
Yes, Prof. Krugman, this is economic Hell.
Nor are you out of it.
There is abundant evidence that you had, and have, a material role in producing this Hell.