Paul Krugman, what a guy. He’s the Nobel Prize winning economist who called for a fake alien invasion of the United States to spur a World War II-style defense build-up. The BBC wheeled him on this morning and salivated over his every word as he repeated his assault on the Coalition’s alleged austerity drive. Paul’s one of those economists who reckons you can spend your way out of debt but the BBC just love him. Quite. By way of balance, may I direct you to this excellent piece on FOX News which examines just how woeful Krugman’s record has been when it comes to forecasting on the economy! Enjoy.