NYT Correction Declares Paul Krugman Winner in Sorkin SmackdownS

The winner is Nobel-winning economist and crotchety columnist Paul Krugman. The loser is Dealbook wunderkind Andrew Ross Sorkin, who got a slap on the wrist in today's New York Times Corrections page.

Lest you forget (or didn't bother to follow this feud in the first place) Sorkin said Krugman is dumb because he wanted to nationalize the U.S. banking system, so Krugman said am not and did not, but Sorkin said yuh-huh you did because Krugman's position was the temporary nationalization of banks, but Sorkin thought he meant nationalize forever. Anyway, mom finally stepped in to settle this fight once and for all. And it's Professor Krugman for the win! In a Times correction dated April 17, 2010:

The DealBook column on Tuesday, about the possibility of the government's making a profit on its bailout of banks, overstated the position of the economists Paul Krugman and Nouriel Roubini, at the height of the financial crisis, on nationalizing banks. While both supported guaranteeing the liabilities of the banking industry and a temporary government takeover of certain failing institutions, they did not recommend nationalization of the entire banking system. (Go to Article)

Reached for comment, Krugman said, "Hey, Andrew Ross Sorkin, eat a hot bowl of dicks. Drive-by! Bam!" [NYT via afraidofauntieem]