The 10-year Treasury yield fell to a record low today, and in a post entitled “One Point Seven Seven” (the current yield), Paul Krugman cites this as evidence that, in 2009, he was right to disagree with rightwing commentators like the Wall Street Journal who feared inflation and higher interest rates. Even though all economists make right and wrong bets, Krugman is justified in gloating here — if only he’d be honest that’s what he’s doing.

Instead, he claims, “this isn’t just about I-told-you-so.” How so? “We’re talking about different models, different visions of how the economy works” – fair enough, but Krugman’s point here is: I told you so; my model is right.

Krugman the economist tries to pretend he’s having a teaching moment, but he ought to admit the liberal ideologue in him just wants to score political points.