"Tom lost all his money gambling in the market and now his bills are due. To overcome this, he'll have to run a Ponzi scheme." Do you think this endorses runnin

"Tom lost all his money gambling in the market and now his bills are due. To overcome this, he'll have to run a Ponzi scheme." Do you think this endorses running Ponzi schemes? This old chestnut is continually dredged up by Krugman's detractors. Do you really think Krugman would publicly advocate for the creation of a bubble after just explaining the problems with the previous one? This is like believing Krugman advocates seriously for faking an alien invasion. BTW, let me finish your quote for you, here it is in full: "And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble. Judging by Mr. Greenspan's remarkably cheerful recent testimony, he still thinks he can pull that off. But the Fed chairman's crystal ball has been cloudy lately; remember how he urged Congress to cut taxes to head off the risk of excessive budget surpluses? And a sober look at recent data is not encouraging." This paragraph is clearly critical of Greenspan and speaks about his motives.