Thursday, June 7, 2012

Krugman

President of Estonia rips Paul Krugman

President Toomas Hendrik Ilves of Estonia ripped The New York Times' Paul Krugman up one way and down the other in a series of tweets responding to a Krugman blog post about his country.

"Let's write about something we know nothing about & be smug, overbearing & patronizing: after all, they're just wogs," Ilves tweeted along with a link to Krugman's post. "Guess a Nobel in trade means you can pontificate on fiscal matters & declare my country a "wasteland". Must be a Princeton vs Columbia thing," Ilves added. (Krugman is a Princeton professor. Ilves, Foreign Policy Magazine notes, went to Columbia.)

Krugman posted a chart analyzing Estonia's GDP since 2007. "So, a terrible — Depression-level — slump, followed by a significant but still incomplete recovery. Better than no recovery at all, obviously — but this is what passes for economic triumph?" Krugman said.

"Let's sh*t on East Europeans: their English is bad, won't respond & actually do what they've agreed to & reelect govts that are responsible," Ilves added ironically.

He also directed Twitter followers to a longer piece in which he discussed Estonia's economic policies, and those of several other Baltic countries. "All six countries are for sound spending and borrowing policies, all six have shown a willingness to undertake needed reforms," Ilves wrote.


No comments: