Daily Archives: May 26, 2013

Footnote to a Current Controversy

Posted in Uncategorized

The current dust-up between Paul Krugman and the “austerians,” in which the Princeton University economist, a columnist for The New York Times, cast Carmen Reinhart and Kenneth Rogoff, both of Harvard University, to play the villain opposite himself, is reminiscent of an earlier episode in the same drama. In 1992 it was Krugman vs. the incoming Clinton White House.  Then it was Laura D’Andrea Tyson who played the heavy. Bill Clinton had been elected and convened an all-star economics conference in Little Rock. Krugman was then being mentioned as a possible member of the Council of Economic Advisers. After Tyson,