Though their subject matter is technical, economists and business writers can still throw hot-blooded fights
. Economist Paul
demonstrated that by getting his dander up at fellow New York Times writer Andrew
. In a blog post bluntly entitled "Andrew Ross Sorkin
Owes Several People An Apology," Kurgman cuffs
the Times business writer for "caricaturing" his views in a recent
. Krugman, known for clearly
articulating complex economic concepts, rebutted Sorkin for claiming that Krugman and NYU economist Nouriel Roubini
had called for "nationalizing the entire bank system," and had believed Wall Street's "walking dead" banks were beyond saving:
I certainly never
said anything like that, and I don’t think Nouriel did either. First of
all, I never called for “nationalizing the entire banking system” — I
wanted the government to take temporary full ownership of a few weak
banks, mainly Citigroup and possibly B of A. I defy Sorkin to find any
examples of me calling for a total takeover.
If you want to
say that the advocates of nationalization were excessively pessimistic
about the prospects for a light-touch bank strategy, fine. But
caricaturing their position, making it sound far more extreme than it
actually was, is definitely not OK.
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