With the same insight, depth, and incisiveness we came to expect from The New York Times under his editorship, Bill Keller, now a columnist for the paper, recently applied his analytical powers to what he (or his headline writer) called “The Politics of Economics in the Age of Shouting.” Becomingly, he began by describing the humility he feels at a wonderful institution like The New York Times, surrounded as he is by “a legion of Times reporters, editors, and columnists who know more than I will ever know about business and economics. (Look! Right over there: a Nobel-prizewinning economist!).” He didn’t need to mention that this coyly alluded-to cynosure of the editorial pages was Professor Paul Krugman—presumably one of those “few economists respected for the integrity of their science and their patience with economic illiterates” to whom Keller had “reached out” in se ...