by Piers Morgan
May 5, 2019
Economic experts don’t get much more expert than Paul Krugman.
The current ‘Distinguished Professor of Economics at City University of New York’ is so eminent in his field that he was awarded the Nobel Memorial Prize in Economic Sciences in 2008.
He’s written 27 books on economic matters, published over 200 scholarly articles, and penned several hundred more columns for the New York Times, Fortune and Slate.
So it’s probably fair to surmise, as many do, that Mr Krugman might be the smartest economist in the world.
That’s why people were so desperate to know his immediate reaction to Donald Trump winning the 2016 election.
He was unequivocal: this was a catastrophe of almost Biblical proportions.
‘It really does now look like President Donald J. Trump,’ Krugman wrote in a blog for the NYT posted at 12.42am, ‘and markets are plunging. When might we expect them to recover? Frankly, I find it hard to care much, even though this is my speciality. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear. Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.’
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