Taking a Baseball Bat to Paul Krugman
Sure, I'm cool with that. Hot economist-on-economist action? Not so sure about that. I'm still waiting to see Lacker v Bernanke in Spandex and luchador masks.
In an interview with Bloomberg Television, Stephen Roach, Morgan Stanley's Asia chairman blasted Nobel Prize-winning economist Paul Krugman over the latter's stance on China's economic policy.
I think we should take out the baseball bat on Paul Krugman. I think the advice is completely wrong. The US has had a conscious policy here of maintaining, quote, a strong and stable dollar. China is saying basically the same thing in terms of its stable currency. Isn't it the height of hypocrisy for America to articulate to articulate [sic] a particular position in its currency but the Chinese are not allowed to do that, especially since they as a developing economy - with an embryonic financial system - need a currency anchor probably a lot more than a sophisticated, quote unquote, economies like the United States."
Leave the fucking Chinese alone!