Krugman has been wrong about almost everything he's ever predicted; it would be mind-boggling that anyone still listens to him, except that he's prophet of the Blue Church so ideology, not logical or success-based credibility, is why people still give him ear and laud him.,(reply>), Actually, he's usually right in his prediction. For example, the great recession has played out basically as predicted by the Keynesian models that he subscribes to. Sometimes he's wrong, of course. Unfortunately. some people only bring up his failed predictions, and ignore the rest, with purpose of discrediting him and creating the false impression that he's always wrong.