No, your eyes are not deceiving you, Kranky Kruggers is so painfully self-unaware he is accusing someone other than himself of being a “crank.”
Via Salon:
In his latest column for the New York Times, award-winning economist and influential liberal pundit Paul Krugman uses the latest example of supply-side economics’ failure (this time in Kansas) as a jump-off point to talk about a larger problem: How the wealthy and powerful are able to protect certain ideas from real accountability because they redound to their benefit.
“Yes, the Kansas debacle shows that tax cuts don’t have magical powers, but we already knew that,” Krugman writes. The “important lesson” readers should take away from the example is not that tax cuts are no panacea but about “the enduring power of bad ideas, as long as those ideas serve the interests of the right people.”
Krugman notes that supply-side economics is a useful case-in-point to explain the broader phenomenon, mainly because the theory — at least in its most common, simplistic form — is so foolish that even very conservative economists, like Harvard’s N. Gregory Mankiw, are willing to acknowledge it is the product of “charlatans and cranks.”