When Someone Denies Paul Krugman Called for a Housing Bubble, They Are Either a Fool or a Liar

Paul Krugman describes it as a "canard" and Dean Baker accuses anyone who points it out of being "either a fool or a liar", but the truth is that, yes, Krugman did in fact call for the Fed to create a housing bubble in 2002. The best Dean Baker can do is to quote Krugman doing so, but then deny that he actually meant it by asserting that Krugman was being "sarcastic", adding "So let's cut the crap." Yes, let's cut the crap, indeed. All we have to do to see that Krugman did in fact mean it is...