Sure, he's a Nobel Laureaute in economics, so he doesn't need my opinion. But I used to respect him for, especially, backing up his claims with data -- often from the FRED database. He had a great way of supplying a tidy graph that clearly supported his claims and easily refuted others, and of using toy models to make his points.
That actually had a real influence on me, several years ago. I started trying to keep close track of the data -- not so much economic, but climate -- in order to know what I though I understood, and being able to back it up.
But I can't say the same about Krugman anymore. For one thing, he has all but abandoned writing about economics in the last year, instead writing as a clear shill for Hillary. He dismissed Bernie, the clear progressive choice, from the very get-go.
My suspicion, with no supporting evidence, is that Krugman has been promised a place in Hillary's administration, either formally or (more likely) informally, as a deep consultant. He won't admit that, it seems, either way, which to me raises concerns about his objectivity. Even the NY Times doesn't seem to care about his relationships. 'Course, they have been heavily biased for Hillary all along.
The other day, Krugman said on Bloomberg TV:
“If the Democrats take the Senate, we probably save the planet,” said Krugman, who recently bemoaned the absence of climate-related questions during the president debates. “Climate change has turned out to be an easier issue economically, and an easier issue politically than we thought.”
This is such hyperbolic crap. The U.S. could disappear tomorrow and the world would still have a very serious climate problem from its 35 gigatons of carbon emitted. (The US takes this up to about 40 GtC.)
Obama's Clean Power Plan
The final Clean Power Plan "sets flexible and achievable standards to reduce carbon dioxide emissions by 32 percent from 2005 levels by 2030...."
US 2005 CO2 emissions from burning fossil fuels were 5.99 Gt CO2. 32% off that leaves emissions of 4.07 Gt CO2 in 2030 -- still huge.
That reduction of 1.9 Gt CO2 by 2030 is hardly -- hardly -- enough to "save the planet," as Krugman thinks. It's nowhere close. Saving the planet still relies on immense cuts in the future, and ideally before 2030. Maybe it leads to Kumbaya reductions. I doubt it. Actually it's probably too late now anyhow.
Everyone in this presidential campaign is lying, has lied, will lie a again. At this point I just wish to avoid the destruction of America, and even of the world. But I don't see the big picture changing. I am sorry to see Krugman become part of the hyperbole and giving up on being part of the solution.
Who cares at this point?