Paul Krugman: The Public Intellectual

He writes today in the NYT:

"What happened here? My sense is that Mr. Bernanke, like so many people who work closely with the financial sector, has ended up seeing the world through bankers’ eyes. The same can be said about Timothy Geithner, the Treasury secretary, and Larry Summers, the Obama administration’s top economist. But they’re not up before the Senate, while Mr. Bernanke is."


"If Mr. Bernanke is reappointed, he and his colleagues need to realize that what they consider a policy success is actually a policy failure. We have avoided a second Great Depression, but we are facing mass unemployment — unemployment that will blight the lives of millions of Americans — for years to come. And it’s the Fed’s responsibility to do all it can to end that blight."


Richard Hofstadter comes to mind. Somehow, there are not many public Intellectuals, Dr. Kissinger is a fake, the US anti-intellectual attitude produces this waste of intellectual energy.


If you have been reading this blog, you might know how much I admire Nobel Laureate, Princeton Economics Professor, and the Conscience of a Liberal, Paul Krugman.


Keep up the good work, man!