Economist Paul Krugman Declares Bankruptcy
And, this is the guy that the administration relies on so heavily! Somehow, I can't feel sorry for a Keynesian going belly-up.
In a Chapter 13 filing to the United States Bankruptcy Court in the Southern District of New York, lawyers for Krugman listed $7,346,000 in debts versus $33,000 in assets.
$7.3 million in debt and only $33k in assets! This looks criminal to me. Maybe he can get $49. for his Noble Peace prize;-)