Friday, May 31, 2013
Paul Krugman on Debt, but Are Soaring Interest Rates Running Against Him? | The Business Desk with Paul Solman | PBS NewsHour | PBS
Paul Solman: The big brouhaha in economics recently, about which I posted some weeks ago, has pitted Nobel Prize-winning economist and New York Times columnist Paul Krugman and others against the famous academic research of Harvard economists Ken Rogoff and Carmen Reinhart, now famously challenged for a coding error and overstatement. The last few days have seen a flurry of thrust and parry, with Rogoff and Reinhart defending themselves eloquently and at length on Saturday against Paul Krugman's recent contumely in an "open letter". The estimable and evenhanded economics journalist David Warsh backed them and blasted Krugman in his weekly Economics Principals column on Sunday.