Geithner versus Krugman has become the new Israel/Palestine debate on the blogs. It’s an Economist’s cage-match, with fervent supporters on both sides, and much hyperbole slung by both camps. Because the economic arguments are so opaque, and because both men are so highly qualified, choosing between their solutions has devolved to questionable character judgments. Krugman is “shrill”, and “never liked Obama”. Geithner is a “crook”, and “is incapable of seeing the problems he helped caused”.
I think we can do better than this. I believe that if we look closely, we can discern some dynamics between the two men, based on objective evidence. Furthermore, this dynamic may serve as a clue to clarifying the debate, and taking us a step closer to deciding who is “right”.