An article ran on the Opinion Page of the Sept. 28 issue of The Salt Lake Tribune from New York Times columnist Paul Krugman and headlined, “Impeaching Trump is good for the economy.”
For reasons not easily understood, the Gnomes of Oslo awarded Krugman the Nobel Prize in Economics in 2008. A year later they awarded President Barack Obama the Nobel Peace Prize — 10 months after he took office. But I digress.
Krugman, like most star economists, has made his share of good and bad predictions about the future. Of the bad, none was worse (he kind of confessed so two years later) than the central point of this whopper that ran on the Opinion Page of the New York Times on November 9, 2016 — the day after Trump was elected: "Now comes the mother of all adverse effects — and what it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work. ... So we are very probably looking at a global recession, with no end in sight.”
Given the foregoing, Tribune readers wouldn’t be out of line taking Krugman’s latest prediction with a grain of salt.
Fred Fairclough Jr., Salt Lake City
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