It's always a good idea to weigh before deciding but in my 20 or so years of following Krugman, he's had the amazing ability of being wrong about every trend in front of him. Maybe your research of him will prove me wrong.
A Nobel Prize means nothing. Some of the biggest warmongers of the past 100 years have received Nobel Peace Prizes.
The Nobel Prize has been an embarrassment for quite some time. Anyone impressed by it simply doesn't do much in-depth reading...
Ever since I first learned how the fiat system works, I've seen the Federal Reserve and its defenders as a religion. Their irrationality and their devotion to their cause is just as religious as any true believer in any sect or cult.
+1
A fiat system has to have religious following of most of its member, otherwise it will fail. Krugmonster knows that if he denounced the Fed it would cause major upheaval. Hence he has no choice but to "go all Greenspan" and cheerlead Bernanke.
When you tell a lie, tell a big one. When you tell a little one theyre less likely to believe you. Tell a big one instead and keep on telling it until they believe you.