China’s Naked Emperors – Paul Krugman – The New York Times

Paul Krugman, Laureate of the Sveriges Riksban...

Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Royal Swedish Academy of Sciences in Stockholm (Photo credit: Wikipedia)

This is an excellent article from Paul Krugman, the Nobel-winning, liberal economist, writing in his op-ed column in the NYT. Check it out!

via China’s Naked Emperors – The New York Times.

Reading Krugman’s article, I almost thought that I was reading the views of a conservative, passionate about neo-liberalism and traditional capitalism. But then the subject was China and he concluded rather arrogentlyvwith the view that the Chinese leadership aren’t so smart after all. Presumably, Krugman is smarter?

As a long-standing China watcher and admirer, I take exception to Krugman’s conclusions that are not really derived from his argument.

I agree that China has enormous challenges and from time to time makes mistakes, but the Chinese leadership is visionary, strategic and decisive. In my view, China will overcome her current obstacles – there may be some pain but China is not new to suffering.

Thoughts?

Breaking Greece – Paul Krugman – The New York Times

Paul Krugman, Laureate of the Sveriges Riksban...

Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Royal Swedish Academy of Sciences in Stockholm (Photo credit: Wikipedia)

Nobel Prize winning, liberal, economist, Paul Krugman, does not pull his punches in his NYT op-ed blog. This is a must read. Check it out!

via Breaking Greece – The New York Times.

There is no question, according to Krugman, that if Greece defaults, it’s down to the IMF and their disastrous policies.

Thoughts?