Why you should never, ever listen to Nobel Prize-winning New York Times Paul Krugman again. Ever.

Why you should never, ever listen to Nobel Prize-winning New York Times Paul Krugman again. Ever. This August 2, 2002 quote is all you need to know about the sagacity of Nobel Prize-winning economist Paul Krugman: “To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.”