Wednesday, March 14, 2018

Krugman on Kudlow

Trump tells people he is selecting Larry Kudlow to replace Gary Cohn
Larry Kudlow

President Trump apparently has picked Larry Kudlow as his economic adviser to replace Gary Cohn.

Paul Krugman's professional opinion of Kudlow in 2016:

Kudlow is to economics what William Kristol is to political strategy: if he says something, you know it’s wrong. When he ridiculed “bubbleheads” who thought overvalued real estate could bring down the economy, you should have rushed for the bomb shelters; when he proclaimed Bush a huge success, because a rising stock market is the ultimate verdict on a presidency (unless the president is a Democrat), you should have known that the Bush era would end with epochal collapse.

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