I posted Cochrane’s response to Krugman last week and in the interim this site has become the link to source. I tried to be as neutral in the posting as possible, but some may have interpreted as implicit support for Cochrane’s position. This is not the case. Indeed, at the time I wasn’t sure how I felt about either piece. Here are my thoughts as of now.
Tone
Krugman’s piece was, well, Krugman. A little abrasive and not particularly charitable to his adversaries, but smart and well reasoned nonetheless. Cochrane’s response, seemed to me, a bit out of scale to what Krugman wrote in the NYT Magazine. Now, if you’ve been following Krugman you know he has said much worse about those associated with Freshwater Macro.
Undoubtedly, this history of antagonization influenced Cochrane’s tone. Still, it felt like an escalation and that is unfortunate. I realize that this could be…
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Utopia, you are standing in it! 
Jun 24, 2015 @ 21:06:56
I think Cochrane needs to give up and think abvout soemthing else.
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Jun 24, 2015 @ 21:08:14
He won that debate. Krugman lost debate with both Cochrane and wiyh schwartz and nelson.
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Jun 25, 2015 @ 11:47:16
in your dreams. Cochrane has become a joke not even understanding an accounting identity.
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