Two months later , Herbert Inhaber claimed that Krugman confused correlation with causation , and neither collapse was due to excessive deregulation .
In December 2001 , Paul Krugman compared Enron with Argentina , claiming that both were experiencing economic collapse due to excessive deregulation .
Two months later , Herbert Inhaber claimed that Paul Krugman confused correlation with causation , and neither collapse was due to excessive deregulation .
In December 2001 , Paul Krugman compared Enron with Argentina , claiming that both were experiencing economic collapse due to excessive deregulation .