TIM CAVANAUGH: Paul Krugman Now Laughingstock On Two Continents. Only two? “We’re at the tail end of the largest economic intervention since World War II, and even on its own narrow, nebulous terms, it has been a colossal failure. The failure is obvious to working people. It’s obvious to unemployed people. It’s obvious to kindergarteners, to dogs and cats. Only Paul Krugman persists in thinking good things will happen if we just throw more money on the barbecue.”