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Krugman: Don't Mess With Scandinavia!

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Paul Krugman, professor of international trade and economics at Princeton University and Nobel Prize-winning economist, pauses during a news conference at the 11th World Knowledge Forum in Seoul, South Korea, on Wednesday, Oct. 13, 2010. Krugman and Niall Ferguson, author of 'The Ascent of Money: A Financial History of the World,' clashed anew today over how to revive the U.S. economy. Photographer: SeongJoon Cho/Bloomberg via Getty Images | Getty

Nobel Laureate Paul Krugman questioned efforts to rein in welfare in Scandinavia after Denmark abandoned its universal benefits model and Sweden started prioritizing tax cuts over spending.

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