COMPROMISED JOURNALISTS? Andrew Sullivan goes too far in putting Irwin Stelzer, Larry Kudlow, Peggy Noonan and Bill Kristol in the same class with Paul Krugman re Enron.
Noonan and Kristol aren't economists like Krugman. Knowing their backgrounds and assuming no ideological tilts (really), who would you get your financial advice from?
For Stelzer, Sullivan offers a quote from 1998 before the fecal impingement, and more from late 2001 after Enron was in the news - Stelzer spoke only of the business model, not its execution by Enron management. Kudlow offers his own defense. Neither told anyone to buy Enron.
If Krugman had such problems with the way Enron was designed, he should have resigned and returned the money.