Paul Krugman: Still Waiting for the Collapse

Sometimes the absurdity of what passes for economic wisdom surpasses even my highly adapted expectations.

I really, truly expected that even Wall Street would consider the recent hyperinflation-in-the-Hamptons rant from Paul Singer - the billionaire inflation truther who is sure that the books are cooked - embarrassing and pretend that it never happened. But no. Apparently Mr. Singer's letter to investors is being passed around eagerly by traders and big shots who think it's the greatest thing since sliced foie gras.