Among the highlights of 2011 was the collapse of the semi-religion of Globull Warming. But as the year comes to an end there is another satisfaction to be relished : the collapse of Krugman. Paul Krugman has been a consistent advocate of European-style over-government and Keynesian economics. Even $15 trillion in US debt wasn't enough stimulation for him. Now his vaunted European model is on the verge of complete meltdown and is threatening to take the world economy with it. Doug Ross, always excellent at pulling strands together, made this prescient post a month ago.
