One needn't be bothered by the mere reading of the redoubtable professor's comments upon this occasion in order to dismiss them, aforethought, out of hand. Why? Because our so very heralded and brave doctor is one of those wise men, whether they be on the left or right is of no consequence. These so very wise men, you see, actually believe in the utterly insane notion that there is intrinsic reality, nay value in the power of money. I.e, they believe in magic. But, of course, they are well paid to blabber their esoteric formulas that in the end mean less than nothing.
To wit, an economy is but an instrument to the continuous improvement of humanity's mastery over nature. Go back, you of disordered mind, and read, yes actually read Benjamin Franklin on the subject of paper money and next Alexander Hamilton's reports to the Congress on Credit and Manufacturing. And if you are still not cured of the lunacy which Dr. Krugman so richly exhibits, then woe be unto you. You are quite evidently a quack.
Oh and if you must read this bilge with your fish and chips. Have at it: