Who's RIght?

Funny post concerning ongoing feud between John Hinderaker of Power Line and Paul Krugman. This time the argument is about Fannie Mae and Freddie Mac.

Power Line: Misty watercolor memories: When Krugman was right

In his August 2005 column "That hissing sound," Princeton economics professor and New York Times columnist Paul Krugman warned that housing prices constituted a bubble.

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Krugman is a hack.

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