Paul Krugman, the celebrated New York Times columnist, is in Berlin this week, and will be speaking on the 22nd at the Freie Universität. In his latest blog entry, Krugman writes about the “jelly donut” myth, which still has traction in the US despite its blatant falsehood. JFK’s statement – “Ich bin ein Berliner” – was, of course, grammatically correct, but can be willfully misinterpreted as meaning “I am a jelly donut.” (A possible equivalent would be Pope Ratzinger saying “I am a New Yorker” and all of Germany thinking he meant the Reuben sandwich.)
Krugman is an extremely important voice in America at the moment. His latest book, “The Conscience of a Liberal,” explores the political underpinnings of widening inequality in the US. Krugman draws attention to the startling fact that the average US worker’s inflation-adjusted income has barely risen since the early 1980s – despite two decades of rising productivity. The earnings of those in upper-income brackets, however, have soared – particularly the earnings of the top 1 percent of the population – a fact Krugman attributes to the rise of movement conservatism and regressive tax and social policies.
As a NYT columnist, Krugman is an important whistle-blower and fierce opponent of the Bush administration’s policies. An economist by training, Krugman regularly provides valuable insights in his column and blog about the US economy and the current mortgage and credit crises. I’ll be extremely interested to see what Krugman has to say on Thursday.