BUSINESS

Paul Krugman: CNBC Is 'Bad For Your Financial And Intellectual Health'

11/21/2012 12:45 pm ET

Watching CNBC? Paul Krugman would like you to change the channel.

"Don’t spend much time watching CNBC," the Nobel Prize-winning economist and New York Times columnist wrote in a blog post Wednesday. "It’s bad for your financial and intellectual health."

Inspired by a recent piece about CNBC from the Columbia Journalism Review's Ryan Chittum, Krugman wrote that "the network has gone all in on behalf of the 0.01 percent." Krugman argued that those who usually watch business news consider themselves to be part of the "economic elite." Therefore, he says, those who regularly consume business television have certain kind of stubborn personality that doesn't acknowledge "evidence."

This certainly isn't the first time Krugman has expressed his distaste for the business news network. CNBC host Joe Kernen demanded an apology from the pundit after Krugman accused CNBC of perpetuating "one zombie idea after another."

CNBC slammed Krugman, as well. Recently,anchor Becky Quick made it known that she found Krugman's stance on the fiscal cliff to be "downright dangerous."

No word yet on how CNBC or their regular viewers will respond to Krugman's comments.

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