I’m tired of arguing about Krugman with everyone, but I’d like to point out a remarkable passage in Evan Thomas’s piece about Krugman in Newsweek:
If you are of the establishment persuasion (and I am), reading Krugman makes you uneasy. You hope he’s wrong, and you sense he’s being a little harsh (especially about Geithner), but you have a creeping feeling that he knows something that others cannot, or will not, see. By definition, establishments believe in propping up the existing order. Members of the ruling class have a vested interest in keeping things pretty much the way they are. Safeguarding the status quo, protecting traditional institutions, can be healthy and useful, stabilizing and reassuring. But sometimes, beneath the pleasant murmur and tinkle of cocktails, the old guard cannot hear the sound of ice cracking. The in crowd of any age can be deceived by self-confidence…
I agree with John that the piece was content-free in general. But I credit Thomas for admitting what role establishment media plays.
(via a reader in today’s WaPo chat with Kurtz)