In a blog post on the New York Times website, columnist Paul Krugman says no to serving as treasury secretary. Which is clarifying, even though he was never offered the job anyway.
“Yes, I’ve heard about the notion that I should be nominated as Treasury Secretary. I’m flattered, but it really is a bad idea,” writes Krugman.
The first reason Krugman lists is, he admits, that he’s “indeed the World’s Worst Administrator — and that does matter.”
The second reason: “Oh, and there’s not a chance that I would be confirmed.”
But the foremost reason, according to the guy who was never offered the job in the first place, “is that it would mean taking me out of a quasi-official job that I believe I’m good at and putting me into one I’d be bad at.”
I’ll bet the real reason is that Krugman wouldn’t want to be directly accountable when his pet theories that work in New York Times articles and in academia go down in flames after being applied to the real world — the ones that haven’t already, that is.
The push to draft Krugman for Treasury Secretary is that of Danny Glover and MoveOn.org, and nothing screams “great idea” like a proposal from those two.
One thing I’ll give Krugman here: it’s unlikely he would have done a worse job than Turbo Tim.