No, your criticism is worthless. Insofar as you are correct in pointing out where I am correct, I give you some credit. But you fail to appreciate the full scope of my correctness and thus miss the whole point.
1. Consider: who would actually be so buffoonish as to call for the creation of a financial bubble at the peak moment before said bubble was about to burst - particularly when the bubble had reached an historical scale. Krugman is silly, but not that silly.
Let me spell it out for you: he got what he asked for, when he asked for it.
3. Given that he called for the creation of a bubble, I am willing to assume that perhaps he didn't mean for it to get so over-inflated. But that puts the burden on you to find an article circa 2004 for him saying: stop, I meant only inflate it a little ...
Of course he did not call for the creation of the bubble just before it popped. In fact, it is much worse: he called for the inflation of the bubble just as it was getting started.
