DISPATCH FROM LUSKIN'S KIDDIE POOL

It's been about 26 hours, and still nothing from The Cable Guy Don Luskin on Krugman's latest. Yeah, Don, real economics can be a bitch, can't they? Don't worry Lusky, I'll fax you a copy of my soon-to-be-earned bachelors.

UPDATE: Luskin throws something together, amounting to little more than idiotic conjecture and the fact that a statistical model Krugman uses is almost as effective a tool as it possibly could be. Oh, and there's this graf, where Donnyboy proves his own stupidity:

In Tuesday's column, Krugman pushed a phony link between the US's economic situation and that of Argentina. He warns that "our budget deficit is bigger relative to the economy than Argentina's in 2000" -- just as in a column in July he said "the U.S. government is running deficits bigger, as a share of G.D.P., than those that plunged Argentina into crisis." But three -- count 'em, three -- of his own columns written when the Argentina crisis was still making headlines in 2000 and 2001 (here, here, and here) show that Krugman himself believes there's no link at all. Back then he argued specifically that debt didn't have anything to do with Argentina's troubles: "...Argentina's fundamental problem isn't fiscal; it's monetary." (boldness TFM's)

Gee Donald, why wouldn't there be a link between the state of the American and Argentinian economies in 2000 and 2001? I'll give you a hint, dropout-boy: We didn't have a deficit in 2000...

Cretin.