Comment: True.

(See in situ)


True.

However, in all fairness, pretty much everybody struggles to admit they've been wrong.

Krugman has spent the last decade investing a lot of his time and reputation in a wrong position so it will be even more difficult for him to come around. He has a rational addiciton to his wrong position if you will. I feel sorry for him. The cognitive dissonance he must feel would be overwhelming.