In a recent conversation I was told that Krugman was a silly academic (like myself) who had no experience in the real world and so his Keynesian analysis could not be taken seriously. I'm not sure what counts and real and what doesn't, or that I want to have a discussion about this, but the document below points out something interesting, of the talking heads we usually hear from, Krugman has an excellent prediction rate. This doesn't mean that we need to take the word of Krugman as gospel, but his accuracy would seem to indicate that his analyses cannot be dismissed.
RSS Feed