[PEN-L:3552] Re: A Krugman mea culpa

[Peter Dorman <dormanp@xxxxxxxxxxxxxxxxxxx>]

I guess Paul is learning he can't play fast and loose with the big boys
in finance the way he does with economists.

Peter Dorman

Louis Proyect wrote:
>
> This just showed up on the Marxism mailing list, sent by a Brazilian. I've
> got my fingers crossed that it is not a hoax, like the Microsoft racism
> piece I crossposted yesterday. Fraga, by the way, worked for Soros in
> Brazil and recently became finance minister, outraging the left-wing there.
>
> ===========
>
> A FORMAL STATEMENT ON FRAGA
> 1. Everything I now know indicates that Arminio Fraga has behaved entirely
> properly over the past several weeks. He has done nothing that should create
> distrust.
>
> 2. I have no direct knowledge about market activity during the runup to
> Fraga's appointment. I was given an account of that activity by several
> usually reliable sources, but cannot document that what they said is true.
>
> 3. I had no ill intent in including the now infamous sidebar. I had no
> agenda against Fraga or even Soros. It was purely there as a part of the
> story, a part that I had expected to be familiar by the time of publication.
> It is now clear, however, that I committed a serious error of judgement in
> saying anything about the matter.
>
> 4. I fervently hope that this incident will not cause any difficulties
> either for Fraga's confirmation or for Brazil's efforts to find a way out of
> its economic crisis.
>
> 5. My apologies to Arminio Fraga for my carelessness.
>
> Paul Krugman
>
> Louis Proyect
>
> (http://www.panix.com/~lnp3/marxism.html)