Breitbart's "Big Journalism" website trumpeted a story it picked up early Monday morning about liberal Times pundit and Nobel-prize-winning economist Paul Krugman filing for bankruptcy. It would have been quite the story — were it not more satire from the site that Breitbart loves watching other outlets fall for.
The story, which has since been unceremoniously deleted, was captured by the watchdog group Media Matters. The Breitbart article read, in part:
Paul Krugman, the economic darling of the left, has filed for Chapter 13 bankruptcy protection, according to Boston.com. Krugman has been the leading advocate for increased deficit spending as the only solution to turn the US economy around. He believes that President Obama needs to be even bolder with continued trillion dollar stimulus programs driving our nation deeper and deeper into debt.
Apparently this Keynesian thing doesn't really work on the micro level.
That Boston.com reference presumably pointed to this story, clearly labelled as being from "Prudent Investor," not the Boston Globe, which runs Boston.com. That article copies content from the Daily Currant, an Onion-style satire website.