Watching CNBC? Paul Krugman would like you to change the channel.
"Don’t spend much time watching CNBC," the Nobel Prize-winning economist and New York Times columnist wrote in a blog post Wednesday. "It’s bad for your financial and intellectual health."
Inspired by a recent piece about CNBC from the Columbia Journalism Review's Ryan Chittum, Krugman wrote that "the network has gone all in on behalf of the 0.01 percent." Krugman argued that those who usually watch business news consider themselves to be part of the "economic elite." Therefore, he says, those who regularly consume business television have certain kind of stubborn personality that doesn't acknowledge "evidence."There is a lot of truth to what Krugman says. CNBC is always promoting crony capitalists, such as, Jack Welch and Warren Buffet. But Krugman is just as bad, if not worse, for your intellectual health. He's part of the crony intellectuals that will say anything and write anything that will advance the government/intellectual agenda, damn honest intellectual debate.