Readers may have grown tired of Paul Krugman’s endless onslaught against Republicans and their economics. This article, written as a part of his upcoming book, is the Krugman-style that is truly worth a read.
Krugman delivers a long version editorial primarily about Ben Bernanke, the Chairman of the Federal Reserve Board in the US (The Fed). His central claim is that there is a difference between the Bernanke of academic legend, and the policy-maker currently in power. Krugman asserts that the current policy-maker Bernanke would do well to remember his academic background and writings in order to truly address the current economic crisis.
Despite the masterful writing and the in-depth analysis, Krugman is still victim to his left-leaning bias. Although he presents some counterbalance arguments, he is still for the most part critical of anything that is currently being executed at the national level. This reflects his disdain for policies of more right-wing economists and their theories.