We know, empirically, that @paulkrugman's opinion is useless taken at face value --practically abt everything.
But can he be useful as "reverse indicator", like traders so bad yet so nonrandom that colleagues imitate them in reverse (i,e. go short if they are bullsish, etc.) ?
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I'm utterly convinced that forecasting is the most dismal of sciences, but Krugman has been accurate about inflation & the consequences of cuts to top marginal tax rates.
I don't read Krugman generally, or other pundits mostly. The only stuff I know from him is when he said ridiculous enough things that it appeared somewhere in my feed, obviously not representative.
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Anyone who spews out 2 columns a week for 20 years is going to produce some nutty shit here & there, but on central economic questions he's been a voice of sanity.
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