Paul Krugman complains that his colleagues write like theater critics rather than critical journalists. I have seen the same thing happening here in Norway. The reason, of course, is that actually figuring out what is going on and explaining it to the public is hard work, requiring understanding, a facility of explanation, empathy with the audience and, most importantly, the need to change your physical location to somewhere less pleasant than press conferences.

Side note: I blog about Paul Krugman because he is no longer behind the NYT paywall. Modern media can in essence choose between relevancy and payment, and NYT took the longer-term view. Good.