Obama and Krugman vs the rest of the economic team

Apparently, President Obama listens to his fellow Nobel laureate, Paul Krugman. Ron Suskind includes a nugget in his book, Confidence Men: Wall Street, Washington, and the Education of a President, that indicates how Obama relies on Krugman.

Suskind quotes “an attendee” of daily economic briefings as saying:

“‘Each morning at the economic briefing it was like we were debating Krugman,’ said one attendee of the meetings. ‘Clearly Obama was reading Paul’s columns and related materials on this Sweden-versus-Japan split, and it made sense to him as both analysis and a guide for action.'”

So, that’s what Obama meant when he said “I know more about policies on any particular issue than my policy directors.”

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