Krugman got it wrong in September, says Faber

Dec 7, 2009

US Federal Reserve officials also seem to miss the fact that excessive credit growth and leverage have driven monetary and economic instability, says Marc Faber.

"Recently Paul Krugman wrote a 6,000-word article in the New York Times with the title 'How did economists get it so wrong?'. The title should have been 'How did I, Paul Krugman, get it so wrong?'." So says famed bear Marc Faber, also known as Dr Doom, at AsianInvestor's recent Southeast Asian Institutional Investor Forum in Bangkok last week.

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