Tuesday, August 25, 2009
Now, I like Krugman and I like Ferguson, but who is better?
One of them is a â€œposeurâ€. The other is â€œpatronisingâ€. One suffers from â€œverbal diarrhoeaâ€. The other is a â€œwhinerâ€. A bust-up on the set of High School Musical 4 perhaps? A scrap behind the catwalk at a Milan fashion show? No. Those accusations were slung round in an increasingly bitter public row between two of the worldâ€™s most distinguished commentators on global finance and economics, professors Paul Krugman and Niall Ferguson, of Princeton and Harvard, respectively. It started as an argument about bond prices. But last week it blew up into a row about racism, printing money, spending our way out of recession, and the fate of the global economy