Stephen Roach vs Paul Krugman: I’m an Economist! I’m an Umpire!

Oh yeah? Well, abacadabra. I’m an umpire!
       – Bugs Bunny ( Transylvania 6-5000)

Last night Stephen Roach on Bloomberg Television proposed taking a baseball bat to Paul Krugman for his recent comments about getting tough with China over its currency polices. Lovely to see how decorous things are in the peaceful world of economics, what with everyone agreeing on so many universal truths. Or not.