The market is shifting from Reverse into Drive, CEOs are being laid off by the Federal government, and capital is creeping out of the Sealy’s and Serta’s, and all Mr. Krugman can come up with is another deckchairs metaphor?

“It’s a plan to rearrange the deck chairs and hope that that keeps us from hitting the iceberg.”

I jest, and I think Krugman understands the capital markets better than anyone, but critique is always cheaper than praxis. Krugman was not appointed by the Nobel committee to be the world’s economist, though he seems to be knighted as such by the major media.