The conclusion of Radio Derb’s take on the Krugman-Economist-Iowahawk punch-up:
As well as illustrating a thing we all kind of knew anyway, viz. that the so-called discipline of economics is a crock of turkey poop, this little incident shows up the laziness and irresponsibility of establishment journalists. All the real investigative journalism now is done on the blogs by people like Iowahawk. The pampered journo-school graduates at the big print outlets are just faking it.
I have sometimes done five-minute segments here on Radio Derb that cost me an hour and a half of trawling through the internet to make sure I got my data right. That makes me more diligent than Paul Krugman or the writers at The Economist. Where do I go to get my Nobel Prize? When do I get an op-ed column in the New York Times?