Paul Krugman no saint

Comments on Rowan Callick “Spat over the yuan will shake global finance”, 22/03/2010, http://www.theaustralian.com.au/business/opinion/spat-over-the-yuan-will-shake-global-finance/story-e6frg9if-1225843472041

Although Paul Krugman is a Nobel Prize winning American economist, but that does not mean whatever he says or does is right.

He is not a saint by any means, is he?

There have been so many economists, mostly Americans, of Nobel Prize winners. But we still have had the GFC that originated from America that nearly brought down the whole world banking industry and pulled the world into a great recession.

So, what is the use of Paul Krugman in this debate?

Maybe it has some traction in Australia, but if one really understands economics and its limitations and the limitations of most economists in terms of their partial and stubborn viewpoints, one would not simply do nodding to them without critically evaluate them and compare with the views of others to form one's own view.

His views are opposed by many economists Americans included.

He is showing that he is an American political economist working not for economics but for America.

He is very much biased on the issues of yuan and international imbalance.