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Title: The master disappoints
Review: After reading "Peddling Prosperity", I made it a point to seek out everything I could find by P.K. I have never heard international economics, free trade, supply side, etc. explained so lucidly and brilliantly. Unfortunately "Diminished Expectations" read as if written by an imposter: Banal, tedious explanations, a refusal to come out on any side of an issue (an ailment so common to economists), murky, confusing prose, and the "Japan is coming, the sky is falling" mentality characterize this book. I can't believe someone as brilliant as Krugman could have written this
