This is why Krugman Makes the Big Bucks

The Quote of the 21st Century:

And you’ve got Greg Mankiw — well, I don’t know what Greg actually believes, he just seems to be approvingly linking to anyone opposed to stimulus, regardless of the quality of their argument.

Either that, or it’s a description of everything that is wrong with the field of Economics today.

Not that it can’t be both.

UPDATE: As usual, Mark Thoma was there first, and includes Mankiw’s disingenous response and Thoma’s spot-on analysis of the accompanying loss of reputational capital that response requires:

Declaring that you might post things that support your agenda without any comment at all, even when you have questions about how the conclusion was derived, is a license to mislead.

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