Who Are You and What Have You Done With Paul Krugman II

Robert Waldmann

Paul Krugman thinks that a US politician is excessively opposed to tariffs.

End of days near.

I think the president has this wrong:

President Obama on Sunday praised the energy bill passed by the House late last week as an “extraordinary first step,” but he spoke out against a provision that would impose trade penalties on countries that do not accept limits on global warming pollution.

[snip]

The truth is that there’s perfectly sound economics behind border adjustments related to cap-and-trade.

Krugman goes on to make a perfectly convincing case (click the link) but would the Krugman of 1992 have discussed this in public with protectionist politicians listening ?

Already Krugman has shocked DeLong by agreeing with Reich.

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