[Offsetting the creditable piece cited above, the NYT today also serves up the following dreck -- the lead from "Reckonings," the regular column written by a certain future Nobel economics laureate.]
The Real Wolf
By Paul Krugman
Recently I received a letter from an economist I respect, chiding me for my "Naderite" columns on the California energy crisis. He just didn't believe that market manipulation by power companies could possibly be an important issue; it sounded too much to him like the sort of thing one hears from knee-jerk leftists, who blame greedy capitalists for every problem, be it third-world poverty or high apartment rents. The left has cried "Wolf!" so many times that sensible people have learned to discount such claims.
[Full text: http://www.nytimes.com/2001/04/29/opinion/29KRUG.html?pagewanted=print]
Carl
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