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Krugman: Bernanke Has Been 'Assimilated by the Borg' Krugman: Bernanke Has Been 'Assimilated by the Borg'

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Policy / Sunday Shows

Krugman: Bernanke Has Been 'Assimilated by the Borg'

photo of Alexandra  Jaffe
April 29, 2012

New York Times columnist Paul Krugman accused Federal Reserve Chairman Ben Bernanke of having been "assimilated by the Borg" on ABC's This Week on Sunday.

“I think what’s happened to Bernanke, as they say, he’s been assimilated by the Borg," said Krugman, who is a Nobel Prize-winning economist. "He’s become more concerned, probably unconsciously, with defending the Fed’s institutional safety, because it’s the apostle of price stability, than with doing whatever he can to get this economy moving. Which if he’d listened to Professor Bernanke, himself 10 years ago, he would know that he was supposed to be doing more.”

Krugman's comments echo an article published in The New York Times Magazine titled "Earth to Ben Bernanke," in which he argued that Bernanke had not taken his own advice on the economy and, in failing to do more, deserves some of the blame for the slow recovery.

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