I enjoy non-US insults hurled at our so-called “economic saviors” because sometimes it’s a little reassuring to know that it’s not only Americans who see through the bull. And although this sounds kind of like a catfight, I’ll take it! Paul Krugman wrote a blog poking fun at Estonia for becoming “the poster child for austerity defenders” and remarked that their economic recovery is basically lame although better than nothing. (You go Krugster, since America has become such a shining example of how to run the economy!)
What gets me is that the President of Estonia, Toomas Hendrik Ilves, used his Twitter account to express his frustration with Krugman:
“Let’s write about something we know nothing about & be smug, overbearing & patronizing…Let’s sh*t on East Europeans: their English is bad, won’t respond & actually do what they’ve agreed to & reelect govts that are responsible.”
He also said Krugman’s Nobel Prize was useless, but he had me at smug and overbearing. I’ve read conflicting reports about Estonia and how they run their economy, but it’s obvious that Ilves has no need for Krugman’s “wisdom”. And neither do Americans!!!
Check out Krugman’s nifty chart-making skills and his Very Important Input about Estonia here: http://krugman.blogs.nytimes.com/2012/06/06/estonian-rhapsdoy/